Page 58: of Maritime Reporter Magazine (June 1998)

From its ultra-modern facilities in Helsinki and Turku, Finland, which arguably produce some of the world's finest cruise ships, to its new project in the form of re- developing the old Philadelphia

Naval Shipyard into a modern, state-of-the-art and profitable com- mercial player, Kvaerner has always relied upon the internal development and marketability of its own advanced technology and systems. As Mr. Saarikangas noted in one of the company's house publications, "cutting edge is not just a slogan at Kvaerner, it is a way of life."

Mr. Saarikangas took up his new position of president of

Kvaerner Shipbuilding on January 1, 1998, but his reputation as a strong leader was formed during his years as CEO of Kvaerner

Masa-Yards in Finland. On announcing the appointment, Erik

T0nseth, president and CEO of

Kvaerner said "I'm very happy that one of the world's most respected shipbuilding characters will be joining us in London. Martin

Saarikangas will be a vibrant head of Kvaerner's Shipbuilding activities and a substantial con- tributor to our group management team."

Mr. Saarikangas, who evidently couldn't wait to dig into the respon- sibilities of the new post, was involved in one of the company's biggest headline making events, the announcement of the initiative for Kvaerner's Philadelphia

Shipyard project. Mr.

Saarikangas was at the center of events on December 5, 1997, when he was joined by Vice President A1

Gore, along with local and state officials to announce the revival of the Philadelphia naval yard.

As any strong leader is likely to do, Mr. Saarikangas and

Kvaerner have stirred controversy, particularly with the Philadelphia naval shipyard deal, as some label the additional tonnage "unneces- sary." Undaunted by critics and with a firm grasp of the "big plan," however, the company and its leader proceed undaunted, with promises of more jobs and more ships. Mr. Saarikangas and other

Kvaerner executives assembled in

New York this spring to unveil the company's maritime innovation and technology initiatives to the

U.S. market, a step which was viewed as key to establishing the company in the U.S. n 1

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