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The restructuring process will also see the Exhaust Treatment and Shaft Line Solutions units being transferred from Wärtsilä Marine Systems to Wärtsilä Marine Power by January 1, 2024. This move will dissolve Wärtsilä Marine Systems as an independent organizational unit.
Following these changes, Wärtsilä Marine Power will be rebranded as Wärtsilä Marine starting January 1, 2024. This phase-out and rebranding process will be overseen by Roger Holm. The revamped structure will leave only two reporting segments: Marine and Energy, effectively marking the end of Wärtsilä Marine Systems as a separate reporting segment.
The changes in the company’s structure will be reflected in its financial reports from Q1 2024 onwards. Wärtsilä, a frontrunner in sustainable technologies for marine and energy sectors, operates in over 240 global locations and employs 17,500 professionals across 79 countries. In 2022, the company reported €5.8 billion in net sales.
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