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 3.17 years. directly owns 0.03% of the company’s shares, worth $2.94M. The average tenure of the management team and the board of directors is 3.2 years and 4.1 years respectively.

Key information

Hakan Agnevall

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.2yrs
CEO ownership	0.03%
Management average tenure	3.2yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO

Hakan Agnevall (57 yo)

3.2yrs

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	3.2yrs	no data	0.030% € 2.9m
Arjen Berends	CFO, Executive VP & Member of the Board of Management	5.5yrs	no data	0.0012% € 114.4k
Kari Hietanen	Executive VP of Corporate Relations & Legal Affairs	22.3yrs	no data	0.0037% € 364.0k
Roger Holm	President of Marine Power	8.4yrs	no data	0.0029% € 289.0k
Tamara De Gruyter	President of Wartsila Marine Systems	4.1yrs	no data	0.0011% € 109.5k
Teija Sarajarvi	Executive VP of Human Resources & Member of Management Board	2.3yrs	no data	no data
Anders Lindberg	President of Energy	less than a year	no data	no data
Saara Tahvanainen	Executive VP of Marketing & Communications and Member of Board of Management	less than a year	no data	0.00023% € 22.7k
Tuomas Salosaari	Chief Information Officer	2.9yrs	no data	no data
Hanna-Maria Heikkinen	Vice President of Investor Relations	2.8yrs	no data	no data
Sari Kolu	Director of Compliance	8.7yrs	no data	no data
Marko Vainikka	Vice President of Corporate Relations & Sustainability	no data	no data	no data

3.2yrs

Average Tenure

53.5yo

Average Age

Experienced Management: WRTB.F's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Johnstone	Independent Chairman of the Board	9.3yrs	€224.00k	0.0071% € 703.3k
Johan Forssell	Independent Director	7.1yrs	€92.00k	0.0032% € 310.7k
Mika Vehvilainen	Independent Deputy Chair of the Board	1.1yrs	€110.00k	0.00067% € 66.1k
Tiina Tuomela	Independent Director	3.1yrs	€112.00k	0.0016% € 154.9k
Morten Engelstoft	Independent Director	2.1yrs	€96.00k	0.0011% € 111.5k
Karen Bomba	Independent Director	4.1yrs	€97.00k	0.0023% € 225.9k
Mats Rahmström	Independent Director	4.1yrs	€91.00k	0.0063% € 619.4k
Karin Falk	Independent Director	7.1yrs	€96.00k	0.0032% € 310.7k

4.1yrs

Average Tenure

58yo

Average Age

Experienced Board: WRTB.F's board of directors are considered experienced (4.1 years average tenure).

Wärtsilä Oyj Abp Management

Management criteria checks 2/4

Key information

Recent management updates

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

Wärtsilä Oyj Abp Announces Board Changes

Wärtsilä Oyj Abp Announces Executive Changes

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

Recent updates

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

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

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

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

Wärtsilä Oyj Abp Announces Board Changes

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

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

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

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

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

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

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

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

Wärtsilä Oyj Abp Appoints Tiina Tuomela as Board of Director

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

Videlio SA (ENXTPA:VDLO) agreed to acquire Wärtsilä FUNA International GmbH from Wärtsilä Oyj Abp (HLSE:WRT1V).

cWärtsilä Corporation Announces Executive Changes

Wärtsilä Oyj Abp to Report Fiscal Year 2021 Results on Jan 28, 2022

AGL Energy Limited Selects Wärtsilä as One of the Two Suppliers for Their Up to 1,000 Mw Grid-Scale Energy Storage Plans

Wärtsilä Fleet Operations Solution to Optimise Performance of Ultraship’s Entire Fleet

Wärtsilä Gas Conversion Will Add Capacity to A Brazilian Power Plant Owned by GERA Amazonas

Wärtsilä and Lihir Gold Sign 10-Year Service Agreement for A 170 Mw Power Plant with Shared Business Case Incentives

Wärtsilä Hybrid Upgrades Will Give Two Østensjø Rederi Vessels Attractive Environmental Profile

Wärtsilä Corporation Optimises Maintenance Agreement Ensuring Certainty of Operations for Two VLGCs

Cohort plc (AIM:CHRT) completed the acquisition of Wartsila Elac Nautik GmbH from Wärtsilä Oyj Abp (HLSE:WRT1V).

Rolls-Royce Holdings Plans to Sell Its Bergen Engines Unit

An affiliate of Evergreen Capital, L.P. acquired Wartsila Valves Ltd. from Wärtsilä Oyj Abp (HLSE:WRT1V).

Wärtsilä Corporation Appoints Håkan Agnevall as President in Place of Jaakko Eskola

Hestia Travel Oy and the management of Vuotekno Oy acquired Vuotekno Oy from Wartsila Corp. (HLSE:WRTBV), Metso Corp. (HLSE:MEO1V), Ilmarinen Pension Insurance Co. Ltd., Nordea Investment Management Suomi Oy, the Finnish State, City of Helsinki and City of Loviisa.

Jacob Waitz Industrie GmbH agreed to acquire Wärtsilä JOVYATLAS GmbH from Wärtsilä Oyj Abp (HLSE:WRT1V).

CEO

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Leadership Team

Average Tenure

Average Age

Board Members

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