WARTSILA CREATES WARTSILA MARINE AND WARTSILA ENERGY

October 03, 2018

The technology group Wartsila headquartered in Helsinki, Finland,  has decided to reorganise into two business areas, Wartsila Marine Business and Wartsila Energy Business, covering both new sales and services for the respective markets. With this change, Wartsila aims to deliver increased value to its customers by better serving their needs across the full lifecycle. The new organisational structure will be operational as of 1 January 2019.
Forming two business areas will enable Wartsila to accelerate growth and the implementation of the Smart Marine and Smart Energy strategies. Integrating the newbuild and service activities enhances customer value by strengthening the focus on complete lifecycle solutions tailored to specific market needs. It also allows Wartsila to more effectively serve its customers with increased flexibility and faster response times.
“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,” comments Jaakko Eskola, President & CEO.
Roger Holm, currently President of Marine Solutions, will lead Wartsila Marine Business and Wärtsilä Energy Business will be headed by President of Energy Solutions Marco Wiren. Pierpaolo Barbone, President of Services, EVP and Deputy to the CEO, will pursue opportunities outside Wärtsilä at the end of the year.
Wartsila Marine Business will have approximately 13,100 employees and Wartsila Energy Business 5,500 employees. Restated net sales for the 12 months ended 30 June 2018 amounted to EUR 2.7 billion in Wartsila Marine Business and EUR 2.2 billion in Wartsila Energy Business. Wartsila will report according to the new organisational 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. (Source: Wartsila)