Top man at Wärtsilä announces his retirement

Ole Johansson, departing Wartsila CEO Ole Johansson, departing Wartsila CEO
Industry Database

Wärtsilä Corporation has announced that its president and CEO, Ole Johansson, has decided to retire after reaching 60 years of age in June 2011.

Johansson is exercising a right stipulated in his executive contract with the company. The exact date of his departure will be announced later. Johansson has additionally said that he will no longer be available to continue in his position as a member of the Wärtsilä Board of Directors.

The board has therefore started the process to appoint a successor for Johansson, who has undertaken various managerial duties in Wärtsilä since 1975, serving as president and CEO since 2000.

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