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 November 4, 2015 - 2:01 AM EST
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Wärtsilä appoints Javier Cavada Camino President of Energy Solutions

Wärtsilä Corporation, Company Announcement, 4 November 2015 at 9.00 a.m. EET

Wärtsilä has appointed Mr Javier Cavada Camino (39) PhD (Eng.), as President of Energy Solutions, Executive Vice President and member of the Board of Management of Wärtsilä Corporation, effective 4 November 2015. In this position, he is responsible for Wärtsilä's Energy Solutions business globally, and will report to President & CEO Mr Jaakko Eskola.

Mr Cavada joined Wärtsilä in 2002 and has since held several key management positions in production, research and development, quality, operational development and business operations. Until now, Mr Cavada has the dual role of leading the Services business in South Europe and Africa, as well as Propulsion Services globally.

The current Head of Energy Solutions, Mr Rakesh Sarin (60) retires having reached his statutory retirement age earlier this year.

"Javier Cavada has shown strong results in the demanding posts he has held across the globe. With his wide experience and open management style he is perfectly suited for this position. Under his leadership Energy Solutions can demonstrate unparalleled life-cycle value to our customers," says Jaakko Eskola, President & CEO of Wärtsilä Corporation.

"I wish to thank Rakesh Sarin for his attention and determination in motivating the Energy Solutions organisation into project execution. We have today a solid and healthy project pipeline, which supports us in reaching our targets," Eskola continues.

"With our people's expertise, motivation and innovation spirit I am convinced Wärtsilä is very well positioned to grow and become an even stronger player within the energy market. I am honoured to lead Energy Solutions organisation with the aim to improve our Customers' business with advanced technology and sustainable solutions," Javier Cavada comments his appointment.

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For further information, please contact:

Mr Javier Cavada Camino
President, Energy Solutions
Wärtsilä Corporation
Tel +39 342 873 1591

Mr Atte Palomäki
Executive Vice President, Communications & Branding
Wärtsilä Corporation
Tel +358 10 709 5599


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 maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2014, Wärtsilä's net sales totalled 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. Wärtsilä is listed on Nasdaq Helsinki, Finland.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire


Source: Thomson Reuters ONE (November 4, 2015 - 2:01 AM EST)

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