Changes in the KONE Executive Board

KONE Corporation, stock exchange release, January 18, 2022 at 9.30 a.m. EET

Changes in the KONE Executive Board

Thomas Hinnerskov, Executive Vice President responsible for South Europe, Middle East and Africa, has decided to leave KONE for a position outside the company latest at the end of May 2022. Thomas has served as a member of KONE’s Executive Board since 2016, first as head of the Central and North Europe region and then head of the South Europe, Middle East and Africa region. The search for his successor has started.

“I would like to thank Thomas for his valuable contribution to KONE over the past six years in improving profitability as well as accountability and empowerment for results. I wish him success in his new position,” says Henrik Ehrnrooth, President and CEO of KONE.

For more information, please contact:

Susanne Skippari, Executive Vice President, Human Resources, KONE Corporation, tel. +358 20 475 4524

Sender:

KONE Corporation

Henrik Ehrnrooth
President and CEO

Susanne Skippari
Executive Vice President
Human Resources

About KONE
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 2020, KONE had annual sales of EUR 9.9 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com