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    Board of Directors

    Tom Johnstone CBE, Chair of the Board

    2018_Johnstone

    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, Chair of the Board since 2020.

    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
    • Combient AB, Chair of the Board
    • Husqvarna AB, Chair of the Board
    • Collegial AB, Chair 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 31.12.2021: 25,289 shares

    Risto Murto, Deputy Chair of the Board

    2018_Murto

    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, Deputy Chair of the Board since 2021.

    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, Chairman of the Board
    • The Finnish Pension Alliance TELA, I Deputy Chairman
    • Finance Finland (FFI), Member of the Board
    • Sampo plc, Member of the Board
    • Finnish Canoeing and Rowing Federation, Member of the Board

    Holdings in Wärtsilä Corporation on 31.12.2021: 19,101 shares

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    Karen Bomba



    Independent of the company and significant shareholders. Born 1964, B.Sc. Mechanical Engineering. Member of the Board of Wärtsilä Corporation since 2020.

    Primary working experience 
    • President of Smiths Interconnect, 2017-2020
    • Morpho Detection, Inc., President & CEO, 2013-2017
    • Labinal SA, Chairman and CEO, 2010-2013
    • Zoltek Companies, Inc., Chief Operating Officer, 2008-2010
    • Messier-Bugatti USA LLC, Chairman and CEO, 2004-2008
    • Messier-Bugatti USA LLC, Executive Vice President and General Manager, 2000-2004
    • Hitco Carbon Composites, Inc., Business Line Manager and Focused Factory Manager, 1993-2000
    • Northrop Corporation, Manufacturing Engineering Manager, 1986-1993

    Other positions of trust
    • Ultra Electronics Holdings Plc, Member of the Board

    Relevant prior positions of trust  
    • European Chamber of Commerce, Member of the Board, 2007-2008
    • Tri-County Economic Development Corporation, Member of the Board, 2007-2008
    • French American Chamber of Commerce, Member of the Board, 2005-2006

    Holdings in Wärtsilä Corporation on 31.12.2021: 6,797 shares

    Morten H. Engelstoft

    Independent of the company and significant shareholders. Born 1967, EMBA. Member of the Board of Wärtsilä Corporation since 2022.

    Primary working experience
    • A.P. Møller - Mærsk A/S, APM Terminals, Denmark, CEO & EVP, 2016 – 2022  
    • A.P. Møller - Mærsk A/S, APM Shipping Services, Denmark, CEO, 2014 – 2016 
    • A.P. Møller - Mærsk A/S, Maersk Tankers, Denmark, CEO, 2014 - 2016 
    • A.P. Møller - Mærsk A/S, Maersk Line, Denmark, COO, 2007 – 2014 
    • A.P. Møller - Mærsk A/S, Maersk Container Business, South East Asia, Chief Executive, 2006 – 2007
    • A.P. Møller - Mærsk A/S, Maersk Container Business, East Mediterranean, Chief Executive, 2003 – 2006
    • A.P. Møller - Mærsk A/S, Maersk Line, Singapore, Managing Director, 2001 – 2003
    • A.P. Møller - Mærsk A/S, various positions, 1986 – 2001

    Other positions of trust
    • TT Club Mutual Insurance, Member of the Board 2009 – 

    Relevant prior positions of trust
    • Svitzer, Chair of the Board 2014 – 2020

    Karin Falk

    2018_Falk

    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 31.12.2021: 11,870 shares

    Johan Forssell

    2018_Forssell

    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 w    orking 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 31.12.2021: 11,870 shares

    Mats Rahmström

    President & CEO of Atlas Copco AB

    Independent of the company and significant shareholders. Born 1965, MBA. President & CEO of Atlas Copco AB. Member of the Board of Wärtsilä Corporation since 2020.

    Primary working experience 
    • Atlas Copco AB, Business Area President, Industrial Technique, 2008-2017
    • Atlas Copco AB, President, Atlas Copco Tools and Assembly Systems General Industry division within Industrial Technique, 2006-2008
    • Atlas Copco AB, various positions in sales, service, marketing, and general management within Industrial Technique, 1988-2006

    Other positions of trust 
    • Piab AB, Member of the Board
    • The Royal Swedish Academy of Engineering Sciences, Member

    Holdings in Wärtsilä Corporation on 31.12.2021: 30,297 shares

    Tiina Tuomela


    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
    • Teollisuuden Voima Oyj, Member of the Board
    • Lappeenranta University of Technology, Member of the Advisory 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

    Holdings in Wärtsilä Corporation on 31.12.2021: 2,581 shares

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