Board of Directors

Independent of the company, dependent of significant shareholders. Born 1955, Master of Arts, Honorary Doctorate in Business Administration and Honorary Doctorate in Science. Member of the Board of Wärtsilä Corporation since 2015, Deputy Chairman of the Board since 2017.

Primary working experience
• SKF Group, several management posts, of which the most recent was President and CEO of AB SKF, 2003-2014

Other positions of trust
• British Swedish Chamber of Commerce, Chairman of the Board
• Combient AB, Chairman of the Board
• Husqvarna AB, Chairman of the Board
• Investor AB, Member of the Board
• Northvolt AB, Member of the Board
• Volvo Cars, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2020: 20,126 shares

President & CEO of Varma Mutual Pension Insurance Company

Independent of the company and significant shareholders. Born 1963, Ph.D. (Econ.). President & CEO of Varma Mutual Pension Insurance Company. Member of the Board of Wärtsilä Corporation since 2014.

Primary working experience
• Varma, Executive Vice President, Investments, 2010-2013
• Varma, Chief Investment Officer, Investments, 2006-2010
• Opstock Ltd, Managing Director, 2000-2005
• Opstock Ltd, Head of Equities and Research, 1997-2000
• Erik Selin Ltd., Head of Research, 1993-1997

Other positions of trust
• e2 Research, Chairman of the Board
• Securities Market Association, Member of the Board
• The Finnish Pension Alliance TELA, I Deputy Chairman
• Finance Finland (FFI), Member of the Board
• Sampo plc, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2020: 15 229 shares

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Independent of the company and significant shareholders. Born 1953, M.Sc. (Tech.), eMBA. Member of the Board of Wärtsilä Corporation since 2007.

Primary working experience
• Directors’ Institute Finland - Hallitusammattilaiset ry, Secretary General, 2012-2019
• Boardview Oy, Managing Director, 2012-2019
• Mint of Finland Ltd., President and CEO, 2008-2010
• Borealis Group, several senior positions in 1994-2008 of which the most recent Vice President BU Phenol, 2001-2008, and Vice President BU Olefins, 1997-2001
• Neste Oyj, 1977-1994

Other positions of trust
• Finland National Committee for UN Women, Chairman of the Board
• Korona Invest, Senior Advisor

Relevant prior positions of trust
• Directors’ Institute Finland – Hallitusammattilaiset ry, Member of the Board, 2011-2019
• ecoDa (The European Confederation of Directors’Associations), Member of the Board, 2012-2019
• Berendsen plc, Member of the Board, 2014-2017
• Rautaruukki Oyj, Member of the Board, 2005-2012
• Ponsse Oyj, Member of the Board, 2007-2010
• Vattenfall AB, Member of the Board, 2004-2007

Holdings in Wärtsilä Corporation on 31.12.2020: 38,719 shares

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President, Husqvarna Construction Division

Independent of the company and significant shareholders. Born 1965, B.Sc. (Econ.). President, Husqvarna Construction Division. Member of the Board of Wärtsilä Corporation since 2017.

Primary working experience
• Volvo Group, Senior Vice President, Volvo Trucks Services & Customer Quality, 2016-2020
• Volvo Group, Executive Vice President, Corporate Strategy & Brand Portfolio, 2012-2016
• Volvo Group, President, Non-Automotive Purchasing, 2008-2012
• Volvo Car Corporation, Vice President, Volvo Car Customer Service, 2006-2008
• Volvo Car Corporation, President, Volvo Car Special Vehicles, 2001-2006
• Volvo Cars and Volvo Group, various positions, 1988-2001

Holdings in Wärtsilä Corporation on 31.12.2020: 9,289 shares

President and CEO of Investor AB

Independent of the company, dependent of significant shareholders. Born 1971, M.Sc. (Economics and Business Administration). President & CEO of Investor AB. Member of the Board of Wärtsilä Corporation since 2017.

Primary working experience
• Investor AB, Head of Core Investments and Member of the Management Group, 2006-2015
• Aleris AB, Project Director, 2014
• Investor AB, Head of Research, 2003-2006
• Investor AB, Head of Capital Goods and Healthcare sector, 2001-2003
• Investor AB, Head of Capital Goods sector and Analyst, 1995-1999

Other positions of trust
• Atlas Copco, Member of the Board
• Confederation of Swedish Enterprise, Member of the Board
• Epiroc AB, Member of the Board
• EQT AB, Member of the Board
• Patricia Industries, Member of the Board
• Stockholm School of Economics, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2020: 9,289 shares

CFO, Uniper SE

Independent of the company and significant shareholders. CFO, Uniper SE. Born 1966, MBA, M.Sc (Engineering). Member of the Board of Wärtsilä Corporation since 2021.

Primary working experience
• Fortum Corporation, Executive Vice President, Generation Division, 2016-2021
• Fortum Corporation, Executive Vice President, Nuclear and Thermal Power Division, 2014-2016
• Fortum Corporation, various positions in finance, 2003-2014
• Imatran Voima Oy, various positions in finance, 1991-2003

Other positions of trust
• YIT Corporation, Member of the Board
• Teollisuuden Voima Oyj, Member of the Board

Relevant prior positions of trust
• Uniper SE, Member of the Supervisory Board, 2020-2021
• Finnish Energy, Member of the Board, 2018-2021
• Kemijoki Oy, Chairman of the Board, 2017-2021
• Forsmark Kraftgrupp AB, Member of the Board, 2014-2016
• Ekokem Oy, Member of the Board, 2014-2016
• Raskone Oy, Member of the Board, 2013-2015
• Posiva Oy, Member of the Board, 2005-2014