Wartsila China Elects New President for '09

Wartsila Corp.

John Zhu has been appointed President of Wartsila China, Ltd. as of January 1, 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.

Clas-Eirik Strand, the current President of the company, will retire on February 28th, 2009, when he reaches his retirement age.

Wartsila has been present in China since 1986 through its fully owned subsidiary, Wartsila China Ltd, and through long-term license agreements. During recent years, Wartsila has begun the production of propulsion and engines at its subsidiary and joint venture companies' plants. In 2007, Wartsila 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.