Wärtsilä names next President and CEO

Wärtsilä's Board of Directors has appointed Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on September 1, succeeding  Ole Johansson, who will retire.

Currently Mr. Rosengren works as Senior Executive Vice President Atlas Copco AB and as Business Area President for Atlas Copco Construction and Mining Technique, and is based in Shanghai, China.

Mr. Rosengren has held several management positions in the Swedish industrial group Atlas Copco since 1998. Prior to that, he led the hydraulic company Nordhydraulic, Nordwin AB, and worked for the welding company Esab Group.

"Björn Rosengren has a strong industrial background, with solid results of continuous growth and increasing profitability in the global business environment," says Antti Lagerroos, Chairman of Wärtsilä's Board of Directors. "Björn has a charismatic and open management style, and the Board is convinced that Wärtsilä is well positioned to pursue its strategy of profitable growth under his leadership."

"I am proud to lead Wärtsilä, a world leader in sustainable power solutions and services for the marine and energy markets. Everywhere, Wärtsilä has a strong reputation for high quality and leading technology in power generation," says Mr. Rosengren. "I look forward to further developing the business together with all of its employees."

February 10, 2011