Board of Directors

Chairman of the Board of Wärtsilä Corporation

Independent of the company and significant shareholders. Chairman of the Board of Wärtsilä Corporation. Born 1949, B.Sc. (Econ.). Member of the Board of Wärtsilä Corporation since 2010, Chairman of the Board since 2011.

Primary working experience
Fortum Oyj, President & CEO, 2000-2009; Gambro AB, President & CEO, 1998-2000; Incentive AB, President & CEO, 1991-1998; KF Industri AB (Nordico), President & CEO, 1989-1991 and Huhtamäki Oy, President of the Packing Division, 1986-1989.

Other positions of trust
Ahlström Capital Oy and Metso Corporation, Chairman of the Board; Evli Bank Ltd., Member of the Board; Ab Kelonia Oy, Member of the Supervisory Board.

Holdings in Wärtsilä Corporation on 31.12.2018: 61,260 shares.

Secretary General of Directors' Institute Finland – Hallitusammattilaiset ry; Managing Director of Boardview Oy

Independent of the company and significant shareholders. Born 1953, M.Sc. (Tech.), eMBA. Secretary General of Directors' Institute Finland – Hallitusammattilaiset ry; Managing Director of Boardview Oy. Member of the Board of Wärtsilä Corporation since 2007.

Primary working experience
Mint of Finland Ltd., President and CEO, 2008-2010; Borealis Group, 1994-2008, several senior positions of which the most recent was Vice President BU Phenol, 2001-2008, Vice President BU Olefins, 1997-2001 in Copenhagen, Denmark and Neste Oyj 1977-1994.

Other positions of trust
Directors' Institute Finland – Hallitusammattilaiset ry and ecoDa (The European Confederation of Directors’ Associations), Member of the Board. Finland National Committee for UN Women, Chairman of the Board.

Relevant prior positions of trust
Board memberships: Berendsen plc, 2014-2017; Rautaruukki Oyj, 2005-2012; Ponsse Oyj, 2007-2010 and Vattenfall AB, Sweden, 2004-2007.

Holdings in Wärtsilä Corporation on 31.12.2018: 32,437 shares.

Independent of the company and significant shareholders. Born 1955, B.Sc., LL.M. Member of the Board of Wärtsilä Corporation since 2008.

Primary working experience
Managing Director of Föreningen Konstsamfundet r.f., 2006-2018; Skandinaviska Enskilda Banken, Member of management, 2000-2001; SEB Asset Management, Director, 1998-2001; Ane Gyllenberg Ab, Chief Executive Officer, 1986-1998; Oy Bensow Ab, Director, Executive Vice President, 1985-1986; Ane Gyllenberg Ab, Administrative manager, 1984-1985 and Ky von Konow & Co, Administrative manager, 1982-1983.

Other positions of trust
Julius Tallberg Oy Ab, Chairman of the Board; Stockmann plc, Ramirent Group and JM AB, Member of the Board.

Relevant prior positions of trust
Board chairmanships: Mercator Invest Ab 2014-2018; KSF Media Holding Ab 2007-2018; Sponda Oyj 2013-2017; Stockmann plc 2014-2016; Fiskars Corporation 2006-2014; Ålandsbanken Abp 2011-2013 and Aktia Abp 2005-2009. Board memberships: Fiskars Corporation 2014-2015 and Stockmann plc 2007-2013.

Holdings in Wärtsilä Corporation on 31.12.2018: 30,103 shares.

Senior Vice President Volvo Trucks Services & Customer Quality

Independent of the company and significant shareholders. Born 1965, B.Sc. (Econ.). Senior Vice President Volvo Trucks Services & Customer Quality. Member of the Board of Wärtsilä Corporation since 2017.

Primary working experience
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; Various positions within Volvo Cars and Volvo Group 1988-2001.

Other positions of trust
Volvo Group Venture Capital, Member of the Board.

Holdings in Wärtsilä Corporation on 31.12.2018: 3,007 shares.

President and CEO of Investor AB

Independent of the company, dependent of significant shareholders. Born 1971, M.Sc. (Economics and Business Administration). President and 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; Investor AB, Project Director, 2014; Aleris 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, Epiroc AB, EQT AB and Patricia Industries, Member of the Board.

Holdings in Wärtsilä Corporation on 31.12.2018: 3,007 shares.

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
Several management posts within the SKF Group, the latest as President and CEO of AB SKF, 2003-2014.

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

Holdings in Wärtsilä Corporation on 31.12.2018: 8,594 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
Investments, Varma, Executive Vice President, 2010-2013; Investments, Varma, Chief Investment Officer, 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
University of Oulu, Chairman of the Board; The Finnish Pension Alliance TELA, Finance Finland (FFI) and Sampo plc, Member of the Board.

Holdings in Wärtsilä Corporation on 31.12.2018: 8,947 shares.

 

Chief Financial Officer and Member of the Fortum Executive Management Team

Dependent of the company and independent of significant shareholders. Born 1968, M.Sc. (Econ. and Pol. Hist.). Chief Financial Officer and Member of the Fortum Executive Management Team. Member of the Board of Wärtsilä Corporation since 2011.

Primary working experience
Fortum Corporation, Executive Vice President, City Solutions Division 2016-2017; Fortum Corporation, Executive Vice President, Heat, Electricity Sales and Solutions Division, 2014-2016; Fortum Corporation, Chief Financial Officer, 2012-2014; Stora Enso Oyj Helsinki, CFO and Member of the GET, 2008-2012; Stora Enso International London, SVP Group Treasurer, 2004-2008; Stora Enso Oyj Helsinki, VP Strategy and Investments, 2001-2004; Stora Enso Financial Services Brussels, VP Head of Funding, 1999-2001 and Enso Oyj Helsinki, several financial tasks, 1993-1999.

Other positions of trust
Teollisuuden Voima Oyj, Member of the Board; Uniper SE, Vice Chairman of the Supervisory Board.

Holdings in Wärtsilä Corporation on 31.12.2018: 16,609 shares.