rss icon Subscribe
desktop mobile

Wärtsilä Reorganizes Into Marine and Energy Units

(Photo: Wärtsilä)

Finnish based technology group Wärtsilä announced plans to reorganize into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business, covering both new sales and services for the respective markets.

The new organizational structure will be operational as of January 1, 2019.

Jaakko Eskola, President & CEO, said, "Developing stronger partnerships with our customers and providing them with greater value is essential for reaching our long-term target of profitable growth. I am confident that this change will ensure more rapid development of innovative solutions and services and a superior customer experience; thereby further strengthening our position as a global leader in lifecycle solutions for the marine and energy markets."

Roger Holm, currently President of Marine Solutions, will lead Wärtsilä Marine Business and Wärtsilä Energy Business will be headed by President of Energy Solutions Marco Wirén. Pierpaolo Barbone, President of Services, EVP and Deputy to the CEO, will pursue opportunities outside Wärtsilä at the end of the year.

Wärtsilä Marine Business will have approximately 13,100 employees and Wärtsilä Energy Business 5,500 employees. Restated net sales for the 12 months ended June 30, 2018 amounted to EUR 2.7 billion in Wärtsilä Marine Business and EUR 2.2 billion in Wärtsilä Energy Business. Wärtsilä will report according to the new organizational structure as of the first quarter of 2019. Adjusted comparison figures will be provided prior to the publication of the interim report for January-March 2019.

Oct 1, 2018

 QRCode for link to Wärtsilä Reorganizes Into Marine and Energy Units story
 

Marine Power

Serbia Ensures 'Good Passage' in China

Pic: Ministry of Foreign Affairs, the People's Republic of China

China and Serbia signed deals under the Belt and Road Initiative, as both sides vowed to level up

MAN to Power Canada's Joint Support Ships

(Image courtesy of MAN Energy Solutions Canada)

Canadian shipbuilder Seaspan Shipyards announced Tuesday it has awarded MAN Energy Solutions

Corvus Energy Scores Green Certification

Photo: Corvus Energy

Corvus Energy has announced that it has achieved ISO 14001:2015 certification for its

Marine Equipment

Kalmar Upgrades EUROGATE Tanger

Image: Cargotec

Finnish manaufacturer of cargo-handling machinery Cargotec Oyj said that its subsidiary Kalmar has

ACO Marine Completes Work for Jadrolinija

Photo: ACO Marine

ACO Marine said it has completed the commissioning of wastewater treatment units aboard the ropax

Marine Travelift Expands in Mid-Atlantic

 Pic: Marine Travelift

Marine Travelift has announced it is expanding its operation with the addition of Marine Travelift