Position
President & CEO of Wärtsilä since 13 September 2000.
Born
1951
Education
Graduate of the Swedish School of Economics in Helsinki with a B.Sc. (Econ.) degree. Majoring in Corporate Finance.
Primary working experience
Wärtsilä Group 1975-79 and rejoined in 1981. Wärtsilä Diesel Inc, Vice President 1984-86; Wärtsilä Diesel Group, Vice President & Controller 1986-94; Metra Corporation, Senior Vice President & CFO 1994-96; Metra Corporation, Executive Vice President & CFO 1996-98; Wärtsilä NSD Corporation, President & CEO 1998-2000.
Positions of trust
Board Chairman, Technology Industries of Finland; Board Chairman, Outokumpu Oyj; Board Vice Chairman, Varma Mutual Pension Insurance Company; Board Vice Chairman, Confederation of Finnish Industries EK; Chairman of the Finnish-American Chamber of Commerce; Member of Supervisory Board of the Finnish Business and Policy Forum EVA.
Ownership of Wärtsila shares
Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.
Remuneration
The President and CEO is paid a bonus in addition to his monthly salary, the terms of which are determined by the Board of Directors. In 2007 the President and CEO’s remuneration, including benefits in kind and bonuses, totalled EUR 1,191,000. The President and CEO is eligible to take retirement on reaching the age of sixty and his retirement pension is 60% of his statutory (TEL) earnings. Compensation paid to the President and CEO if dismissed by the company, corresponds to 24 month’s salary plus six months’ period of notice salary.
