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    WRT1V   FI0009003727

WÄRTSILÄ OYJ

(WRT1V)
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Wärtsilä Oyj : Composition of Wärtsilä's Shareholders' Nomination Board

06/07/2021 | 07:46am EDT

Wärtsilä Corporation, stock exchange release, 7 June 2021 at 14:45 pm EEST 

Composition of Wärtsilä's Shareholders' Nomination Board 

The following members have been appointed to Wärtsilä's Shareholders' Nomination Board: 

  • Petra Hedengran, General Counsel, Head of Corporate Governance, Investor AB, appointed by Invaw Investor AB 

  • Reima Rytsölä, Deputy CEO, Investments, Varma Mutual Pension Insurance Company 

  • Hanna Hiidenpalo, interim CEO, Chief Investment Officer, Elo Mutual Pension Insurance Company 

  • Mikko Mursula, Deputy CEO, Chief Operating Officer, Investments, Ilmarinen Mutual Pension Insurance Company 

  • Tom Johnstone, Chairman of the Board of Directors of Wärtsilä 

Wärtsilä's Shareholders' Nomination Board consists of five members. Four representatives are nominated by the company's four largest shareholders, with the fifth member being the Chairman of Wärtsilä's Board of Directors. The four largest shareholders are determined on the basis of the shareholders' register maintained by Euroclear Finland Ltd. as of 1 June preceding the Annual General Meeting of shareholders.  

The Shareholders' Nomination Board prepares and presents to the General Meeting proposals relating to the composition and remuneration of the Board of Directors. In addition, the Nomination Board reviews and adjusts the diversity principles of the Board of Directors, as necessary, and does successor planning of the directors. 


For further information, please contact: 

Kari Hietanen 
Executive Vice President, Corporate Relations and Legal Affairs 
Tel. +358 10 709 5609 
kari.hietanen@wartsila.com 

For investor information, please contact: 

Emilia Rantala  
Manager, Investor Relations  
Tel. +358 10 709 1114  
emilia.rantala@wartsila.com 

 

Wärtsilä in brief  

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä's net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.  
www.wartsila.com 

https://news.cision.com/wartsila-corporation/r/composition-of-wartsila-s-shareholders--nomination-board,c3362231

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 4 520 M 5 326 M 5 326 M
Net income 2021 217 M 256 M 256 M
Net Debt 2021 308 M 363 M 363 M
P/E ratio 2021 34,9x
Yield 2021 2,09%
Capitalization 7 514 M 8 874 M 8 853 M
EV / Sales 2021 1,73x
EV / Sales 2022 1,58x
Nbr of Employees 17 386
Free-Float 77,1%
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 12,74 €
Average target price 11,83 €
Spread / Average Target -7,11%
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Håkan Agnevall President & Chief Executive Officer
Arjen Berends Chief Financial Officer & Executive VP
Thomas Johnstone Chairman
Sari Kolu Compliance Director
Outi Maarit Aarni-Sirviö Independent Director
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