KONE appoints Max Alfthan as Executive Vice President, Marketing and Communications, and Member of the Executive Board

KONE Corporation, stock exchange release, August 19, 2014 at 2.00pm EET

Max Alfthan (53) has been appointed Executive Vice President responsible for Marketing and Communications as of November 17^th, 2014. He will be a Member of the Executive Board and will report to Henrik Ehrnrooth, President and CEO, KONE Corporation.

Max Alfthan has a strong and versatile background in leading marketing and communications activities in various companies. He has held several senior management positions including at Sinebrychoff and Amer Sports Corporation. For the last six years he has served as the Chief Strategy Officer for Fiskars. Max Alfthan has a M.Sc. (Econ.) degree from the Swedish School of Economics in Helsinki.

"Max has a proven track record of building strong brands and contributing to growing businesses in different geographies. He brings to KONE a wealth of valuable global marketing and communications experience as well as innovative thinking and a capability to drive renewal," 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

About KONE
KONE is one of the global leaders in the elevator and escalator industry.  KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings.  KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2013, KONE had annual net sales of EUR 6.9 billion, and at the end of the year over 43,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com