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Wartsila Appoints Jaakko Eskola as President and CEO

Source: 8/10/2015, Location: Europe

Wartsila’s Board of Directors has appointed Mr Jaakko Eskola (57) MSc (Eng.), as the new President and CEO of Wartsila Corporation. He will assume the position on 1 November 2015, succeeding Mr Bjorn Rosengren, who will become the CEO of Sandvik, a global engineering group based in Sweden.

Currently Mr Eskola is President of Wartsila Marine Solutions, Senior Executive Vice President and Deputy to the CEO. Mr Eskola joined Wartsila in 1998 with a background in international project and corporate finance. He has since worked as Managing Director of Wartsila Development and Financial Services, Vice President for Sales and Marketing in the Power Plants business and since 2006 as the head of the Marine Solutions business. He is currently based in Shanghai, China.

“I wish to thank Bjorn Rosengren for steering Wartsila towards profitable growth in challenging markets during the past four years. Today the Wartsila brand is well positioned and our broad offering gives us competitive edge going forward,” says Mikael Lilius, Chairman of Wartsila’s Board of Directors.

“Jaakko Eskola has an outstanding track record from his 17-year long career in Wartsila. The Board is confident that his global experience, deep understanding of the market dynamics, open management style and commitment to the Wartsila culture will lead us to continued success.”

“With focus on energy efficiency and innovation Wartsila is extremely well positioned in its markets. I am thrilled and honoured to lead the company as it shapes the industry with advanced technology and lifecycle solutions. As a global team we will enhance our customers’ business and benefit the environment,” Jaakko Eskola comments his appointment.

Wartsila has started a process to appoint a successor for Mr Eskola to head the Marine Solutions business.

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Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

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