KONECRANES PLC’S PRESIDENT AND CEO PEKKA LUNDMARK TO LEAVE THE COMPANY

President and CEO Pekka Lundmark has decided to leave Konecranes to pursue his career outside the company. The Board of Directors of Konecranes Plc will immediately start the search of a new President and CEO. Mr. Lundmark will leave the company in early September 2015 after the release of the January-June interim report and thereto related activities are completed. Until then, Mr. Lundmark continues as the President and CEO.

Stig Gustavson, Chairman of the Board of Konecranes Plc, comments:

“We were naturally saddened on learning about Pekka Lundmark´s new career moves and his decision to leave us. Lundmark will leave our Group in early September this year.

We also want to express our understanding for Lundmark´s wish for new challenges.

Lundmark has led our Group through both calm and stormy waters, with great success. Lundmark´s 10 years at the helm of Konecranes will be a brightly shining part of his CV.

We have a totally competent team of top managers, fully committed to pursuing all Group strategies.”

Pekka Lundmark, President and CEO, comments:

“Leaving Konecranes was not an easy decision since I truly love this company. I believe we are well positioned to take advantage of the world megatrends such as digitalization and resource scarcity. We also have a very capable management team and personnel that can execute on our strategy.

However, 10 years is a long time for a CEO and for this reason I feel this is a good time to move on with my career.”

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations

FURTHER INFORMATION
Mr. Stig Gustavson, Chairman of the Board, call-back requests tel. +358 40 77 62 314

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2014, Group sales totaled EUR 2,011 million. The Group has 12,000 employees at 600 locations in 48 countries. Konecranes is listed on the Nasdaq Helsinki (symbol: KCR1V).

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www.konecranes.com