Board of Directors

Tom Johnstone CBE, Chair of the Board


Independent of the company, dependent of significant shareholders. Born 1955, Master of Arts, Honorary Doctorate in Business Administration and Honorary Doctorate in Science. Member of the Board of Wärtsilä Corporation since 2015, Chair of the Board since 2020.

Primary working experience
• SKF Group, several management posts, of which the most recent was President and CEO of AB SKF, 2003-2014

Other positions of trust
• Northvolt AB, Interim Chair of the Board
• Combient AB, Chair of the Board
• Husqvarna AB, Chair of the Board
• Collegial AB, Chair of the Board
• Investor AB, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2023: 41,985 shares

Mika Vehviläinen, Deputy Chair of the Board

Independent of the company and significant shareholders. Born 1961, M.Sc. (Econ.). Deputy Chair of the Board of Wärtsilä Corporation since 2023.

Primary working experience
Cargotec Oyj, President and CEO, 2013–2023
Finnair Oyj, President and CEO, 2009–2013
Nokia Siemens Networks, COO, 2007–2009
Nokia Corporation, various managerial positions, 1991–2007

Other positions of trust
Danfoss A/S, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2023: 3,927 shares

Karen Bomba


Independent of the company and significant shareholders. Born 1964, B.Sc. Mechanical Engineering. Member of the Board of Wärtsilä Corporation since 2020.

Primary working experience 
• President of Smiths Interconnect, 2017-2020
• Morpho Detection, Inc., President & CEO, 2013-2017
• Labinal SA, Chairman and CEO, 2010-2013
• Zoltek Companies, Inc., Chief Operating Officer, 2008-2010
• Messier-Bugatti USA LLC, Chairman and CEO, 2004-2008
• Messier-Bugatti USA LLC, Executive Vice President and General Manager, 2000-2004
• Hitco Carbon Composites, Inc., Business Line Manager and Focused Factory Manager, 1993-2000
• Northrop Corporation, Manufacturing Engineering Manager, 1986-1993

Other positions of trust
• Ultra Electronics UK Holdings Ltd, Member of the Board
• Ceres Power Plc, Member of the Board

Relevant prior positions of trust  
• European Chamber of Commerce, Member of the Board, 2007-2008
• Tri-County Economic Development Corporation, Member of the Board, 2007-2008
• French American Chamber of Commerce, Member of the Board, 2005-2006

Holdings in Wärtsilä Corporation on 31.12.2023: 13,475 shares

Morten H. Engelstoft


Independent of the company and significant shareholders. Born 1967, EMBA. Member of the Board of Wärtsilä Corporation since 2022.

Primary working experience
• A.P. Møller - Mærsk A/S, APM Terminals, Denmark, CEO & EVP, 2016 – 2022  
• A.P. Møller - Mærsk A/S, APM Shipping Services, Denmark, CEO, 2014 – 2016 
• A.P. Møller - Mærsk A/S, Maersk Tankers, Denmark, CEO, 2014 - 2016 
• A.P. Møller - Mærsk A/S, Maersk Line, Denmark, COO, 2007 – 2014 
• A.P. Møller - Mærsk A/S, Maersk Container Business, South East Asia, Chief Executive, 2006 – 2007
• A.P. Møller - Mærsk A/S, Maersk Container Business, East Mediterranean, Chief Executive, 2003 – 2006
• A.P. Møller - Mærsk A/S, Maersk Line, Singapore, Managing Director, 2001 – 2003
• A.P. Møller - Mærsk A/S, various positions, 1986 – 2001

Other positions of trust
• Svitzer Group, Chairman of the Board, 2014-2020, 2024-
• TT Club Mutual Insurance, Chairman of the Board
• Maersk Supply Service, Vice-Chairman of the Board

Holdings in Wärtsilä Corporation on 31.12.2023: 6,678 shares

Karin Falk

President, Husqvarna Construction Divisio
Independent of the company and significant shareholders. Born 1965, B.Sc. (Econ.). President, Husqvarna Construction Division. Member of the Board of Wärtsilä Corporation since 2017.

Primary working experience
• Volvo Group, Senior Vice President, Volvo Trucks Services & Customer Quality, 2016-2020
• Volvo Group, Executive Vice President, Corporate Strategy & Brand Portfolio, 2012-2016
• Volvo Group, President, Non-Automotive Purchasing, 2008-2012
• Volvo Car Corporation, Vice President, Volvo Car Customer Service, 2006-2008
• Volvo Car Corporation, President, Volvo Car Special Vehicles, 2001-2006
• Volvo Cars and Volvo Group, various positions, 1988-2001


Holdings in Wärtsilä Corporation on 31.12.2023: 18,548 shares

Johan Forssell


Senior Advisor, Investor AB and Wallenberg Investment AB
Independent of the company, dependent of significant shareholders. Born 1971, M.Sc. (Economics and Business Administration). Member of the Board of Wärtsilä Corporation since 2017.

Primary w
orking experience
• Investor AB, President and CEO, 2015-2024
• Investor AB, Head of Core Investments and Member of the Management Group, 2006-2015
• Aleris AB, Project Director, 2014
• Investor AB, Head of Research, 2003-2006
• Investor AB, Head of Capital Goods and Healthcare sector, 2001-2003
• Investor AB, Head of Capital Goods sector and Analyst, 1995-1999

Other positions of trust
• ABB, Member of the Board
• Atlas Copco, Member of the Board
• Epiroc AB, Member of the Board
• The Royal Swedish Academy of Engineering Sciences, Member

Holdings in Wärtsilä Corporation on 31.12.2023: 18,548 shares

Mats Rahmström

Independent of the company and significant shareholders. Born 1965, MBA. Member of the Board of Wärtsilä Corporation since 2020.

Primary working experience 
• Atlas Copco AB, President & CEO, 2017-2024
Atlas Copco AB, Business Area President, Industrial Technique, 2008-2017
• Atlas Copco AB, President, Atlas Copco Tools and Assembly Systems General Industry division within Industrial Technique, 2006-2008
• Atlas Copco AB, various positions in sales, service, marketing, and general management within Industrial Technique, 1988-2006

Other positions of trust 
• PIAB, Chairman of the Board
• ABB, Member of the Board
• Investor AB, Member of the Board
• Qvantum Energi AB, Member of the Board
• R12 Distribution AB, Member of the Board
Holdings in Wärtsilä Corporation on 31.12.2023: 36,975 shares

Tiina Tuomela

CFO, Fortum Corporation

Independent of the company and significant shareholders. CFO, Fortum Corporation. Born 1966, MBA, M.Sc (Engineering). Member of the Board of Wärtsilä Corporation since 2021.

Primary working experience
• Uniper SE, CFO, 2021-2023
• Fortum Corporation, Executive Vice President, Generation Division, 2016-2021
• Fortum Corporation, Executive Vice President, Nuclear and Thermal Power Division, 2014-2016
• Fortum Corporation, various positions in finance, 2003-2014
• Imatran Voima Oy, various positions in finance, 1990-2003


Other positions of trust
• The Finnish Foundation for Technology Promotion, Member of the delegation
• Teollisuuden Voima Oyj, Member of the Board

• Lappeenranta University of Technology, Member of the Advisory Board
• TÜV Rheinland, Member of the Supervisory Board

Relevant prior positions of trust
• Uniper SE, Member of the Supervisory Board, 2020-2021
• Finnish Energy, Member of the Board, 2018-2021
• Kemijoki Oy, Chairman of the Board, 2017-2021
• Forsmark Kraftgrupp AB, Member of the Board, 2014-2016
• Ekokem Oy, Member of the Board, 2014-2016
• Raskone Oy, Member of the Board, 2013-2015

Holdings in Wärtsilä Corporation on 31.12.2023: 9,259 shares