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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Wartsila Oyj Abp    WRT1V   FI0009003727

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Wartsila B : Stefan Damlin appointed President, Wärtsilä Finland Oy

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05/03/2012 | 02:47pm CET
Stefan Damlin appointed President, Wärtsilä Finland Oy

Wärtsilä Corporation, Press release, 3 May 2012 at 1.30 pm EET

M.Sc. (Econ.) Stefan Damlin (44) has been appointed President of Wärtsilä Finland Oy as of 1 July 2012. Damlin, who since 1991 has experience of a variety of leading positions within finance and business development in Wärtsilä, will continue his responsibility for business development within Wärtsilä Industrial Operations (WIO) and he is a member of the WIO management team. WIO consists of production and product development. Damlin will report to Group Vice President, Wärtsilä Industrial Operations, Lars Hellberg.

Damlin will succeed M.Sc. (Tech.) Juha Kytölä (47), who as of the same date will resume responsibility for the Environmental business within Wärtsilä Ship Power, as the current Director Joe Oatley leaves his position to pursue career opportunities outside Wärtsilä. Kytölä will be based in Poole, England, and he reports to Jaakko Eskola, Group Vice President, Wärtsilä Ship Power.

For further information please contact:

Atte Palomäki
Group Vice President, Communications and Branding
Wärtsilä Corporation
Tel. +358 40 5476390

Wärtsilä in brief

Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.

In 2011, Wärtsilä's net sales totalled EUR 4.2 billion with approximately 18,000 employees. The company has operations in nearly 170 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.

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P/E ratio 2017 22,47
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Average target price 45,9 €
Spread / Average Target -6,8%
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