Kamux Oyj: KAMUX STRENGTHENS ITS MANAGEMENT TEAM

KAMUX CORPORATION   STOCK EXCHANGE RELEASE   31 July 2018 9:00

KAMUX STRENGTHENS ITS MANAGEMENT TEAM

Kamux has appointed Mr. Ilkka Virtanen (M. Sc. Econ, born 1980) Director, Business Development and Member of the Management Team.

Mr. Virtanen will be responsible for the company's strategic development projects and business development, focusing especially on new growth opportunities. Mr. Virtanen joins Kamux from Santander Consumer Finance where he currently holds the position of Commercial Director. Mr. Virtanen will start in his new position on November 1, 2018 at the latest.

 "Mr. Ilkka Virtanen has broad leadership experience from the car retail industry, and he has successfully managed various development projects. This, together with the finance company perspective and consultancy experience, provides an excellent background for the position of Director, Business Development at Kamux. Ilkka is also highly result oriented and ideally suited to Kamux's Management Team, complementing it with a new kind of expertise", Mr. Juha Kalliokoski, CEO, says.

Mr. Ilkka Virtanen has worked in demanding leadership positions in car retailing, among others he has been responsible for passenger car sector business development, after sales and repairs, car sales financing, rental and mobility services and insurance company cooperation in Veho. Mr. Virtanen has been in charge of car sales financing in Santander, and in addition he has worked in various consultancy tasks.

"Kamux is a trendsetter, which is positively visible and felt amongst customers and personnel. I am excited about the possibility to be involved in building the business in line with the ambitious growth targets. The attitude and tenacity of purpose at Kamux make big achievements possible, piece by piece", says Mr. Ilkka Virtanen.

Kamux Corporation

For more information:

Juha Kalliokoski, CEO

Tel. +358 50 544 5538

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. The first Kamux car showroom started its operations in 2003 in Hämeenlinna, Finland and the company currently has 43 car showrooms in Finland, ten in Sweden and two in Germany. Since its founding, the company has sold more than 170,000 used cars, of which 40,957 were sold in 2017. Kamux's revenue reached EUR 454.9 million in 2017. In 2017, Kamux's average number of employees was 418 in terms of full-time equivalent employees. The shares of Kamux are listed on Nasdaq Helsinki.

www.kamux.com