Wartsila appoints Bjorn Rosengren president and CEO

Helsinki, February 10, 2011 — Wartsila's board of directors has appointed Bjorn Rosengren, as the new president and CEO of Wartsila Corp. He will assume the position September 1, 2011, succeeding Ole Johansson, who will retire.

Currently Rosengren works as Senior Executive Vice President Atlas Copco AB and as Business Area President for Atlas Copco Construction and Mining Technique, and is based in Shanghai, China.

Rosengren has held several management positions in the Swedish industrial group Atlas Copco since 1998. Prior to that, he led the hydraulic company Nordhydraulic, Nordwin AB, and worked for the welding company Esab Group.

"Bjorn Rosengren has a strong industrial background, with solid results of continuous growth and increasing profitability in the global business environment", says Antti Lagerroos, Chairman of Wartsila's board of directors. "Bjorn has a charismatic and open management style, and the board is convinced that Wartsila is well positioned to pursue its strategy of profitable growth under his leadership."

"I am proud to lead Wartsila, a world leader in sustainable power solutions and services for the marine and energy markets. Everywhere, Wartsila has a strong reputation for high quality and leading technology in power generation," Rosengren said. "I look forward to further developing the business together with all of its employees."

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