Tokmanni Group Corporation: Rautiainen and Kesko have reached an agreement in non-competition matter

Rautiainen and Kesko have reached an agreement in non-competition matter

Tokmanni has been made aware that Kesko Group and Mika Rautiainen have reached an agreement regarding their non-competition clause dispute. According to the agreement, deviating from what has been earlier announced,  Mika Rautiainen will take up his position as Tokmanni Group's CEO as of 1 June 2018. As previously announced, Harri Sivula will continue as interim CEO until Mika Rautiainen takes up his position.

Tokmanni Group Corporation

Board of Directors

For further information, please contact:

Harri Sivula
Chairman of the Board, Interim CEO 
Tel. +358 50 656 92

Joséphine Mickwitz
Head of IR and Communications
Tel. +358 400 784 889

Tokmanni in brief
Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2016, Tokmanni's revenue was EUR 776 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 162 stores across Finland as at 31 December 2016.

About Us

Tokmanni is Finland’s leading discount retailer chain. Some 3,500 Tokmanni employees make customers’ everyday life and special occasions easier by offering a versatile and up-to-date assortment of Finnish and international brand-name products and other high-quality products at prices that are always affordable. With nearly 200 stores around Finland and an online store, Tokmanni is always close to its customers. Tokmanni’s net sales in 2018 amounted to EUR 870.4 million. Tokmanni (Tokmanni Group Corporation) is listed on Nasdaq Helsinki.