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KONE appoints Ilkka Hara as CFO and Member of the Executive Board

Stock Exchange Release Published 24/05/2016

KONE Corporation, stock exchange release, May 24, 2016 at 3:00 p.m. EEST

KONE appoints Ilkka Hara as CFO and Member of the Executive Board

Ilkka Hara (41) has been appointed CFO (Chief Financial Officer) and a member of the Executive Board at KONE as of August 8, 2016. He will be based in Espoo, Finland and report to Henrik Ehrnrooth, President and CEO, KONE Corporation.

The appointment follows Eriikka Söderström's decision to leave KONE at the end of July 2016 to pursue other interests outside the company. Eriikka has served as CFO of KONE and a member of the Executive Board since April 2014 and prior to that as Corporate Controller.

Ilkka Hara joins KONE from Microsoft, where he has served as General Manager and CFO for the Phones Business since 2014 based in Redmond, Washington, U.S.A. His previous roles include various finance and M&A related leadership roles at Nokia since 2004. Prior to working for Nokia, Ilkka gained experience in investment banking with a special focus in the technology sector. Ilkka holds a M.Sc. (Econ) from the Helsinki School of Economics.

"I would like to thank Eriikka for developing KONE's financial processes, reporting as well as the organization in a good direction. I welcome Ilkka to the team. I am convinced that he will be a good addition, in particular given his broad international background and business oriented approach to finance," says Henrik Ehrnrooth.

For further information, please contact:

Kerttu Tuomas, Executive Vice President, Human Resources, tel. +358 (0)204 75 4373 

Sender:

KONE Corporation

Henrik Ehrnrooth
President and CEO 

Kerttu Tuomas
Executive Vice President
Human Resources

KONE as a company

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 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com

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