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KONE Oyj : KONE appoints Larry G. Wash as Executive Vice President for the Americas

Stock Exchange Release Published 20/06/2012

KONE Corporation, stock exchange release, June 20, 2012 at 3.30 p.m. EET

Larry G. Wash (50) has been appointed Executive Vice President responsible for the Americas as of July 23, 2012. Larry Wash will be a Member of the Executive Board and report to Matti Alahuhta, President and CEO, KONE Corporation.

Larry Wash will succeed Vance Tang, who has decided to leave KONE to pursue other interests outside the company. Vance Tang has been leading the area since early 2007. 

Larry Wash has a proven track record in growing profitable businesses. In his latest role as the President of Global Services for the Climate Solutions sector of Ingersoll Rand he has led a USD 3 billion business in 60 countries. Previously he served as Vice President of service and contracting business for Trane within North and Latin America, and in various leadership roles with Xerox and Eastman Kodak. Larry Wash has earned a Bachelor of Science degree in electrical engineering from Wayne State University in Michigan; a Master's degree in Electrical Engineering from the Rochester Institute of Technology (NY); and a Master's degree in Business Administration from Stanford University.
 
"Larry has been very successful in developing and leading demanding businesses in various geographies and different market conditions. He brings a wealth of valuable experience to KONE," says Matti Alahuhta.

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company'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. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

For further information, please contact:
Anne Korkiakoski, Executive Vice President, Marketing and Communications, tel. +3585067411

Sender:

KONE Corporation

Matti Alahuhta
President and CEO

Anne Korkiakoski
Executive Vice President
Marketing and Communications

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