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2011-01-28 07:40:00 CET 2011-01-28 07:40:40 CET REGULATED INFORMATION Wärtsilä - Company AnnouncementWärtsilä's President and CEO Ole Johansson to retireWärtsilä Corporation, Company Announcement 28 January 2011 at 8.40 a.m. EET The President and CEO of Wärtsilä Corporation, Mr Ole Johansson, has decided to retire after turning 60 years of age in June, using the right stipulated in his executive contract. The exact timing of his retirement will be announced later. Also, Mr Johansson will not be available to continue in his position as a member of the Wärtsilä Board of Directors. Wärtsilä's Board of Directors has started the process to appoint a successor for Mr Johansson. Ole Johansson has worked in various managerial positions in Wärtsilä since 1975, and as the President and CEO since 2000. For further information, please contact: Mr Antti Lagerroos Chairman of the Board of Directors Wärtsilä Corporation Tel +358 50 5654401 antti.lagerroos@wartsila.com Mr Atte Palomäki Group Vice President, Communications & Branding Wärtsilä Corporation Tel +358 10 7095599 atte.palomaki@wartsila.com Wärtsilä in brief Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2010, Wärtsilä's net sales totalled EUR 4.6 billion with approximately 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com[HUG#1483206] |
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