Wärtsilä director to become president and CEO

Wärtsilä’s board of directors has appointed Björn Rosengren as the new president and CEO of Wärtsilä Corporation. He will assume the position on 1 September, 2011, succeeding Ole Johansson, who will retire.

Currently Mr Rosengren works as senior executive vice president at Atlas Copco AB and as business area president for Atlas Copco Construction and Mining Technique, and is based in Shanghai, China.

Mr 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.

“Björn Rosengren has a strong industrial background, with solid results of continuous growth and increasing profitability in the global business environment,” Wärtsilä chairman, Antti Lagerroos said.

“Björn has a charismatic and open management style, and the board is convinced that Wärtsilä is well positioned to pursue its strategy of profitable growth under his leadership.”

Mr Rosengren said he was proud to be leading Wärtsilä.

“Everywhere, Wärtsilä has a strong reputation for high quality and leading technology in power generation,” he said.

“I look forward to further developing the business together with all of its employees.”