The two distinct businesses will cover both new sales and services for their respective markets.
By introducing this change, Wärtsilä said that it aimed to deliver increased value to its customers by better serving their needs across the full asset lifecycle.
The new organisations will become operational on 1st January, 2019.
Forming two business areas will enable Wärtsilä to accelerate growth and the implementation of its Smart Marine and Smart Energy strategies. Integrating the newbuild and service activities enhances customer value by strengthening the focus on complete lifecycle solutions tailored to specific market needs. It also allows Wärtsilä to more effectively serve its customers with increased flexibility and faster response times, the company claimed.
“Developing stronger partnerships with our customers and providing them with greater value is essential for reaching our long-term target of profitable growth. I am confident that this change will ensure more rapid development of innovative solutions and services and a superior customer experience; thereby further strengthening our position as a global leader in lifecycle solutions for the marine and energy markets,” said Jaakko Eskola, President & CEO.
Roger Holm, currently Marine Solutions president, will lead Wärtsilä Marine Business and Wärtsilä Energy Business will be headed by Energy Solutions president, Marco Wirén.
Pierpaolo Barbone, president of Services, executive vice president and deputy to the CEO, will leave the company at the end of the year.
Wärtsilä Marine Business will have about 13,100 employees and Wärtsilä Energy Business around 5,500 employees. Re-stated Wärtsilä Marine Business net sales for the 12 months ended 30th June, 2018 amounted to €2.7 bill and €2.2 bill for Wärtsilä Energy Business.
Wärtsilä will report according to the new organisational structure for the first quarter of next year. Adjusted comparison figures will be provided prior to the publication of the interim report for January-March, 2019, the company explained.