Markus Mustelin Appointed New CEO of Oceanvolt

Markus Mustelin Appointed New CEO of Oceanvolt

Oceanvolt a leading supplier of hybrid electric power & propulsion systems to the boating industry has announced the appointment of Markus Mustelin as their new CEO. He will assume responsibilities on 6.3.2017 and will succeed Timo Jaakkola, who has been managing Oceanvolt for the past 4 years.

Markus Mustelin is coming from outside the company and he has a solid track record of leadership in growth companies and competitive B2B environments. His last role was as CEO of Edenred Finland Oy.

Mr Mustelin also has an outstanding track record in yacht racing and he has circumnavigated the globe 3 times in the Whitbread Round the World (now Volvo Ocean Race) race.

“We welcome Markus as part of the Oceanvolt team at a time when we are growing rapidly. His experiences in leading growth companies and his contacts within the yacht racing community are very much welcomed as well!

I would also like to take the opportunity to thank Timo Jaakkola for his strong contribution to the growth of the company over the past few years.” says Jan Österman Chairman of Oceanvolt.

“I would like to thank Oceanvolt for giving me this opportunity. I have always felt passionate about sailing and being on the water so this really feels like coming home to me. It is also great to be part of making boating emission free and silent, as it should be.” says Markus Mustelin new CEO of Oceanvolt.


Helsinki 24.2.2017

Jan Österman

Chairman of the Board, Oceanvolt


About Oceanvolt

Founded in 2004 Oceanvolt is the leading manufacturer of hybrid electric power & propulsion systems for boats. Oceanvolt’s serial produced motor systems have been installed on over 200 customer boats ranging from daysailers to 80 ft catamarans worldwide. The systems are not only suitable for cruising and sailing on lakes but also for circumnavigating the globe in tough conditions.


For additional information please contact:

Jan Österman, Chairman of the Board, phone: +358 50 5121 851

Markus Mustelin, CEO, phone: +358 40 517 5037

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