Wärtsilä Restructures Ship Power Unit

September 26, 2007

Wärtsilä's Ship Power is in the process of reorganizing into five Ship Power Business Segments: Merchant, Offshore, Cruise & Ferry, Navy, and Special Vessels. The aim is to respond better to market requirements, in terms of value proposition and technology development, as well as to be prepared for market fluctuations. In announcing the new business structure Jaakko Eskola, Group Vice President, Ship Power, stated: "We are experiencing an unparalleled upturn in our industry, and we are enjoying record order intake levels. However, it is important that we continue to seek ways to further increase our competitive edge on the market. We believe that by creating these business segments, we can apply a stronger and more intense focus on the specific needs of our customers." The rollout of the new model started on July 1, 2007 and will be fully set up by the end of the year. Wärtsilä has named the following personnel to head the Ship Power business segments: Merchant - Lars Anderson Offshore - Magnus Miemois Cruise & Ferry - Carl-Henrik Björk Navy - Jaakko Eskola (acting) Special Vessels - Fred van Beers Other members of the new Ship Power Management Team are Henrik Wilhelms, Marketing and Sales, Timo Koponen, Finance and Control and Arne Birkeland, Ship Power Technology.

Wärtsilä Restructures Ship Power Unit

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