Wärtsilä Names New CEO

Jaakko Eskola - Senior Executive Vice President and Deputy to the CEO. President, Ship Power. W‰rtsil‰ Corporation
Jaakko Eskola MSc (Eng.). Photo: Wärtsilä Corporation

Wärtsilä’s Board of Directors has appointed Jaakko Eskola as the new President and CEO of Wärtsilä Corporation

Eskola will assume the position on November 1, 2015, succeeding Björn Rosengren, who will become the CEO of Sandvik, a global engineering group based in Sweden.

Eskola is currently President of Wärtsilä Marine Solutions, Senior Executive Vice President and Deputy to the CEO. He joined Wärtsilä in 1998 with a background in international project and corporate finance and has since worked as Managing Director of Wärtsilä 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 Björn Rosengren for steering Wärtsilä towards profitable growth in challenging markets during the past four years. Today the Wärtsilä brand is well positioned and our broad offering gives us competitive edge going forward,” says Mikael Lilius, Chairman of Wärtsilä’s Board of Directors. “Jaakko Eskola has an outstanding track record from his 17-year long career in Wärtsilä. The Board is confident that his global experience, deep understanding of the market dynamics, open management style and commitment to the Wärtsilä culture will lead us to continued success.”

“With focus on energy efficiency and innovation Wärtsilä 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 said of his appointment.

Based in Finland, Wärtsilä is considered a global leader in complete lifecycle power solutions for the marine and energy markets. In 2014, Wärtsilä’s net sales totaled EUR 4.8 billion with approximately 17,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world.