Wärtsilä - Changes board/management/auditors

Wärtsilä appoints Javier Cavada Camino President of Energy Solutions

Wärtsilä Corporation, Company Announcement, 4 November 2015 at 9.00 a.m. EET

Wärtsilä has appointed Mr Javier Cavada Camino (39) PhD (Eng.), as President of
Energy Solutions, Executive Vice President and member of the Board of Management
of Wärtsilä Corporation, effective 4 November 2015. In this position, he is
responsible for Wärtsilä's Energy Solutions business globally, and will report
to President & CEO Mr Jaakko Eskola.

Mr Cavada joined Wärtsilä in 2002 and has since held several key management
positions in production, research and development, quality, operational
development and business operations. Until now, Mr Cavada has the dual role of
leading the Services business in South Europe and Africa, as well as Propulsion
Services globally.

The current Head of Energy Solutions, Mr Rakesh Sarin (60) retires having
reached his statutory retirement age earlier this year."Javier Cavada has shown strong results in the demanding posts he has held
across the globe. With his wide experience and open management style he is
perfectly suited for this position. Under his leadership Energy Solutions can
demonstrate unparalleled life-cycle value to our customers," says Jaakko Eskola,
President & CEO of Wärtsilä Corporation."I wish to thank Rakesh Sarin for his attention and determination in motivating
the Energy Solutions organisation into project execution. We have today a solid
and healthy project pipeline, which supports us in reaching our targets," Eskola
continues."With our people's expertise, motivation and innovation spirit I am convinced
Wärtsilä is very well positioned to grow and become an even stronger player
within the energy market. I am honoured to lead Energy Solutions organisation
with the aim to improve our Customers' business with advanced technology and
sustainable solutions," Javier Cavada comments his appointment.

Link to picture



For further information, please contact:

Mr Javier Cavada Camino
President, Energy Solutions
Wärtsilä Corporation
Tel +39 342 873 1591
javier.cavada@wartsila.com


Mr Atte Palomäki
Executive Vice President, Communications & Branding
Wärtsilä Corporation
Tel +358 10 709 5599
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 maximizes the environmental and economic performance of the
vessels and power plants of its customers. In 2014, Wärtsilä's net sales
totalled EUR 4.8 billion with approximately 17,700 employees. The company has
operations in more than 200 locations in nearly 70 countries around the world.
Wärtsilä is listed on Nasdaq Helsinki, Finland.
www.wartsila.com




[HUG#1963957]

Attachments:

Javier Cavada Camino.jpg