Changes in the KONE Executive Board – Axel Berkling appointed Executive Vice President, Commercial & Operations

KONE Corporation, stock exchange release, October 11, 2023 at 9.00 a.m. EEST

Changes in the KONE Executive Board - Axel Berkling appointed Executive Vice President, Commercial & Operations

Axel Berkling has been appointed Executive Vice President, Commercial & Operations. Axel continues to be part of the KONE Executive Board, reporting to Henrik Ehrnrooth, President and CEO. Axel will also continue to lead the Strategy & Transformation organization until a successor has been appointed to this role.

Axel succeeds Hugues Delval, who has decided to leave KONE on 12 October 2023 to pursue other opportunities. Hugues has served as a member of KONE's Executive Board since 2017, first as leading the Service Business and more recently the Commercial & Operations organization.

Axel Berkling joined the Executive Board in 2016. Employed by KONE since 1998, he has previously served as Executive Vice President, Central and North Europe 2021-2023, as Executive Vice President, Asia-Pacific 2016-2021, as Managing Director, KONE Germany 2012-2016, and in various regional commercial roles 2007-2012.

"KONE has consistently delivered industry leading service and modernization business growth under Hugues' leadership. I would like to thank him for his 29 years of excellent service at KONE and wish him all the best in his future endeavors.

I am excited to have Axel taking over the lead of our newly formed Commercial and Operations organization. He is a values-based leader, and I am confident that with his strong track record of successfully leading KONE businesses, Commercial and Operations will drive the continued positive development of our competitiveness," says Henrik Ehrnrooth, President and CEO of KONE.

For further information, please contact:

Susanne Skippari, Executive Vice President, People and Communications, KONE Corporation, tel. +358 204 75 4524

Sender:

KONE Corporation

Henrik Ehrnrooth
President and CEO

Susanne Skippari
Executive Vice President, People and Communications

About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2022, KONE had annual sales of EUR 10.9 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.