Composition of Kesko's Shareholders' Nomination Committee

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Kesko's Shareholders' Nomination Committee comprises three members: two are appointed by Kesko’s largest shareholders, and the third is the Chair of Kesko’s Board of Directors. The right of nomination of members representing the shareholders belongs to those two shareholders whose share of votes conferred by all shares in Kesko is the largest according to the register of shareholders maintained by Euroclear Finland Ltd on 1 September preceding the Annual General Meeting. The two largest shareholders in Kesko on 1 September 2024 were K-Retailers' Association and Ilmarinen Mutual Pension Insurance Company, both of whom used their right of nomination.

The members of Kesko’s Shareholders’ Nomination Committee are

  • Pauli Jaakola, retailer, appointed by K-Retailers' Association
  • Jouko Pölönen, President and CEO, appointed by Ilmarinen Mutual Pension Insurance Company, and
  • Esa Kiiskinen, Chair of Kesko’s Board of Directors.

At its organisational meeting on 23 September 2024, the Committee elected Pauli Jaakola as Committee Chair.

The Committee, established by Kesko’s General Meeting of shareholders, prepares proposals related to the number, election and remuneration of Board members to the General Meeting.


Further information is available from Lasse Luukkainen, Executive Vice President, Legal and Sustainability, tel. +358 105 322 818, and Hanna Jaakkola, Vice President, Investor Relations, tel. +358 105 323 540.


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