Remuneration Committee renamed People Committee

Wärtsilä Corporation, News 14 December 2020 at 10:15 UTC+2

The Remuneration Committee has been renamed People Committee and its charter has been updated to reflect the changes to its duties. In addition to preparing matters related to the appointment of the members of the Board of Management and their remuneration, the duties of the People Committee now include reviewing organisation development needs and corporate culture alignment with strategy, monitoring talent management processes and strategies, as well as reviewing leadership development strategies and succession plans. 

For further information, please contact: 

Atte Palomäki 
Executive Vice President, Communications & Branding 
Wärtsilä Corporation 
Tel: +358 10 709 5599 

For investor information, please contact: 

Natalia Valtasaari 
Vice President, Investor Relations 
Tel: +358 10 709 5637 

Wärtsilä in brief 
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.