Wärtsilä Oyj Abp Management

Management criteria checks 2/4

Wärtsilä Oyj Abp's CEO is Hakan Agnevall, appointed in Feb 2021, has a tenure of 3.75 years. directly owns 0.03% of the company’s shares, worth €3.21M. The average tenure of the management team and the board of directors is 4.7 years and 4.7 years respectively.

Key information

Hakan Agnevall

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.8yrs
CEO ownership	0.03%
Management average tenure	4.7yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO

Hakan Agnevall (58 yo)

3.8yrs

Tenure

Mr. Hakan Agnevall, M.Sc. (Tech), MBA., has been the President of Volvo Bussar Aktiebolag (formerly known as Volvo Bussar AB) since June 2013. Mr. Agnevall serves as President and CEO at Wärtsilä Oyj Abp s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hakan Agnevall	President	3.8yrs	no data	0.030% € 3.2m
Arjen Berends	CFO, Executive VP & Member of the Board of Management	6.1yrs	no data	0.0012% € 125.2k
Kari Hietanen	Executive VP of Corporate Relations & Legal Affairs	22.8yrs	no data	0.0037% € 398.2k
Roger Holm	President of Marine Power	9yrs	no data	0.0029% € 316.2k
Tamara De Gruyter	President of Wartsila Marine Systems	4.7yrs	no data	0.0011% € 119.8k
Teija Sarajarvi	Executive VP of Human Resources & Member of Management Board	2.8yrs	no data	no data
Anders Lindberg	President of Energy	1.4yrs	no data	no data
Tuomas Salosaari	Chief Information Officer	3.5yrs	no data	no data
Hanna-Maria Heikkinen	Vice President of Investor Relations	3.3yrs	no data	no data
Sari Kolu	Director of Compliance	9.3yrs	no data	no data
Marko Vainikka	Vice President of Corporate Relations & Sustainability	no data	no data	no data
Andrea Morgante	Head of Digital for Marine Solutions	7.4yrs	no data	no data

4.7yrs

Average Tenure

55yo

Average Age

Experienced Management: MTA's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Johnstone	Independent Chairman of the Board	9.8yrs	€224.00k	0.0070% € 759.8k
Johan Forssell	Independent Director	7.7yrs	€92.00k	0.0034% € 372.3k
Mika Vehvilainen	Independent Deputy Chair of the Board	1.7yrs	€110.00k	0.0011% € 115.5k
Tiina Tuomela	Independent Director	3.7yrs	€112.00k	0.0019% € 202.9k
Morten Engelstoft	Independent Director	2.7yrs	€96.00k	0.0014% € 155.4k
Karen Bomba	Independent Director	4.7yrs	€97.00k	0.0026% € 279.5k
Mats Rahmström	Independent Director	4.7yrs	€87.00k	0.0066% € 710.1k
Karin Falk	Independent Director	7.7yrs	€92.00k	0.0034% € 372.3k

4.7yrs

Average Tenure

59yo

Average Age

Experienced Board: MTA's board of directors are considered experienced (4.7 years average tenure).

Wärtsilä Oyj Abp Management

Management criteria checks 2/4

Key information

Recent management updates

Wärtsilä Appoints Anu Sirkiä as Executive Vice President, Marketing and Communications and A Member of the Board of Management

Wärtsilä Oyj Abp Announces Executive Changes

Wärtsilä Oyj Abp Announces Composition of Shareholders Nomination Board

Wärtsilä Oyj Abp Announces Saara Tahvanainen to Leave as Executive Vice President of Marketing and Communications

Composition of Wärtsilä Corporation's Shareholders' Nomination Board

Wärtsilä Appoints Anders Lindberg as President, Energy, Executive Vice President and A Member of the Wärtsilä Board of Management

Recent updates

Now 23% undervalued after recent price drop

Upcoming dividend of €0.16 per share

Now 20% undervalued

Wärtsilä Appoints Anu Sirkiä as Executive Vice President, Marketing and Communications and A Member of the Board of Management

Second quarter 2024 earnings released: EPS: €0.20 (vs €0.05 in 2Q 2023)

Wärtsilä Oyj Abp Announces Executive Changes

Wärtsilä Oyj Abp Announces Composition of Shareholders Nomination Board

First quarter 2024 earnings released: EPS: €0.14 (vs €0.093 in 1Q 2023)

Dividend of €0.16 announced

Wärtsilä Oyj Abp Approves Dividend for the Financial Year 2023, First Instalment Payable on 18 March 2024 and Second Instalment Payable on 18 September 2024

Upcoming dividend of €0.16 per share

Final dividend of €0.16 announced

Full year 2023 earnings released: EPS: €0.44 (vs €0.11 loss in FY 2022)

Wärtsilä Oyj Abp Proposes Dividend for the Year 2023, Payable on 18 March 2024 and 18 September 2024 Respectively

Wärtsilä Oyj Abp Announces Saara Tahvanainen to Leave as Executive Vice President of Marketing and Communications

Wärtsilä Oyj Abp to Report Fiscal Year 2023 Final Results on Feb 14, 2024

Wärtsilä Oyj Abp to Report Fiscal Year 2023 Results on Jan 31, 2024

Third quarter 2023 earnings released: EPS: €0.14 (vs €0.002 loss in 3Q 2022)

Wärtsilä Oyj Abp to Report First Half, 2024 Results on Jul 19, 2024

Upcoming dividend of €0.13 per share at 2.2% yield

Second quarter 2023 earnings released: EPS: €0.05 (vs €0.086 in 2Q 2022)

Composition of Wärtsilä Corporation's Shareholders' Nomination Board

Enprotech Corp. completed the acquisition of American Hydro Corp. from Wärtsilä Oyj Abp.

Enprotech Corp. completed the acquisition of American Hydro Corp. from Wärtsilä Oyj Abp.

Wärtsilä Appoints Anders Lindberg as President, Energy, Executive Vice President and A Member of the Wärtsilä Board of Management

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: EPS: €0.09 (vs €0.24 loss in 1Q 2022)

High number of new directors

Upcoming dividend of €0.13 per share at 2.8% yield

Wärtsilä Oyj Abp Announces Board Changes

President recently bought €399k worth of stock

Full year 2022 earnings released: €0.11 loss per share (vs €0.33 profit in FY 2021)

Wärtsilä Oyj Abp Proposes Dividend for the Financial Year 2022, First Instalment Payable on 20 March 2023 and Second Instalment Payable on 20 September 2023

Enprotech Corp. agreed to acquire American Hydro Corp. from Wärtsilä Oyj Abp.

Wärtsilä Oyj Abp to Report Nine Months, 2023 Results on Oct 31, 2023

Wärtsilä Oyj Abp to Report First Half, 2023 Results on Jul 21, 2023

Wärtsilä Oyj Abp Announces Executive Changes

Wärtsilä Releases Next-Generation Grid Balancing Engine Solution Wärtsilä 31SG Balancer to Enable Renewables At Lower Cost

Third quarter 2022 earnings released: €0.002 loss per share (vs €0.08 profit in 3Q 2021)

Wärtsilä Corporation Approves Dividend for the Financial Period Ended 31 December 2021, Payable on October 6, 2022

Wärtsilä Announces Resignation of Sushil Purohit as President of the Energy Business, Executive Vice President and Member of the Board of Management

An unknown buyer completed the acquisition of Wartsila Vostok, Limited Liability Company from Wärtsilä Oyj Abp (HLSE:WRT1V)

Wärtsilä Plans to Cut 450 Employees

First quarter 2022 earnings released: €0.24 loss per share (vs €0.041 profit in 1Q 2021)

Wärtsilä Oyj Abp to Report Q1, 2022 Results on May 03, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Wärtsilä Proposes to Pay Dividend for Financial Year 2021, Payable on 6 October 2022

Upcoming dividend of €0.12 per share

Wärtsilä Oyj Abp to Report Fiscal Year 2022 Results on Jan 31, 2023

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Wärtsilä Oyj Abp Proposes Dividend for the Year 2021, Payable on 14 March 2022 and 6 October 2022

Third quarter 2021 earnings released: EPS €0.083 (vs €0.04 in 3Q 2020)

Wärtsilä Gas Conversion and Long-Term Maintenance Agreement Will Lower Production Costs for Malting Company

Upcoming dividend of €0.10 per share

Second quarter 2021 earnings released: EPS €0.06 (vs €0.039 in 2Q 2020)

Senior Advisor Jaakko Eskola has left the company

Javier Cavada Corporación Cantabria agreed to acquire Delivery Centre Santander from Wärtsilä Oyj Abp (HLSE:WRT1V).

First quarter 2021 earnings released: EPS €0.041 (vs €0.052 in 1Q 2020)

Wärtsilä Oyj Abp Appoints Tiina Tuomela as Board of Director

Independent Deputy Chairman of the Board Markus Heikki Rauramo has left the company

Upcoming Dividend of €0.10 Per Share

New 90-day high: €9.56

Saudi Cement Producer Renews Wärtsilä O&M Agreement for Second Time Based on Uninterrupted Performance

Solvang and Wärtsilä to Collaborate on Digitally Driving Operational Excellence Using OPERIM

Wärtsilä Announces its Hybrid Solution Selected for New Isle of Man Ferry

Wärtsilä and Huaneng Jiangsu Co Signs Strategic Cooperation Framework Agreement to Cooperate in the Development of Sustainable Power Generation in Jiangsu, China

Full year 2020 earnings released: EPS €0.23 (vs €0.37 in FY 2019)

Revenue misses expectations