Jaakko Eskola, 47, MSc (Eng.) has been appointed Group Vice President, Ship Power and a member of the Board of Management. Eskola joined Wärtsilä in 1998 as Managing Director of Wärtsilä Development and Financial Services Oy. Before taking up this position he worked since 1986 in project financing positions for Kansallis-Osake-Pankki and Merita Bank in Luxemburg, London and Helsinki, and in 1997-1998 for PCA Corporate Finance Group Oy. Eskola is currently Vice President, Sales and Marketing for the Power Plants business in Wärtsilä. Executive Vice President Mikael Mäkinen, who currently heads the Ship Power business, leaves Wärtsilä to join another company on April 1, 2006.