2016-04-26 KONE appoints Thomas Hinnerskov as Executive Vice President and Member of the Executive Board (2)

KONE Corporation, stock exchange release, April 26, 2016 at 2:00 p.m. EEST

KONE appoints Thomas Hinnerskov as Executive Vice President and Member of the Executive Board

Thomas Hinnerskov (45) has been appointed Executive Vice President responsible for Central and North Europe. He will be a Member of the Executive Board and will report to Henrik Ehrnrooth, President and CEO, KONE Corporation. Thomas Hinnerskov will join KONE latest on October 1, 2016.

Thomas Hinnerskov succeeds Noud Veeger, who recently left KONE to pursue other interests outside the company. In the interim, Klaus Cawén, Executive Vice President for M & A and Strategic Alliances, Legal Affairs, and Russia will head KONE's Central and North Europe area.

Thomas Hinnerskov joins KONE from ISS A/S, a global leading facility services provider, where he is part of the Executive Group Management. He has held several country and regional senior management positions within ISS, most recently as Regional CEO of Western Europe and prior to that Regional CEO of Asia Pacific. Prior to joining ISS in 2003, he worked at McKinsey and Gudme Raaschou investment bank. Thomas Hinnerskov holds a MSc, Finance and Accounting from Copenhagen Business School.

"I very much look forward to have Thomas join KONE. He has a strong track record in delivering profitable growth in service businesses in multiple geographic locations through developing customer focused organizations. Thomas' strengths fit very well in with our strategic objectives," 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.