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Wärtsilä Oyj Abp (HEL:WRT) Wärtsilä Corporation, Press release, October 27, 2008 at 15:00 Chinese time
Mr John Zhu has been appointed President of Wärtsilä China, Ltd. as of January 1st, 2009.
John Zhu has significant experience in leading and developing industrial business operations, his most recent appointment having been as Country Manager for Eaton Truck & Bus Components in Shanghai, China, a position he has held since 2005. Eaton Corporation is a diversified industrial manufacturer headquartered in the USA. He has also held other managerial positions in the automotive industry and in the consultancy business, both in China and in the USA.
Mr Clas-Eirik Strand, the current President of the company, will retire on February 28th, 2009, when he reaches his retirement age.
Wärtsilä has been present in China since 1986 through its fully owned subsidiary, Wartsila China Ltd, and through long-term license agreements. During recent years, Wärtsilä has begun the production of propulsion and engines at its subsidiary and joint venture companies' plants. In 2007, Wärtsilä opened a large new reconditioning workshop in Shanghai. Altogether, the company currently has approximately 1600 employees in its subsidiary and joint venture companies, located in Shanghai, Dalian, Guangzhou, Beijing, Hong Kong, Panyu, Wuxi, Zhenjiang and Qingdao.
For more information, please call:
Mr Atte Palomäki, Group Vice President, Communications, tel. +358 40 547 6390 Mr Lars Hellberg, Group Vice President, Industrial Operations, +358 40 572 9488
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Wärtsilä Corporation in brief: Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 17,000 professionals manning 160 Wärtsilä locations in 70 countries around the world. Wärtsilä is listed on The Nordic Exchange in Helsinki, Finland. www.wartsila.com
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