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2015-09-17

KONE Corporation: Changes in the Executive Board - KONE establishes a new Technology & Innovation unit

KONE Corporation, stock exchange release, September 17, 2015 at 1.15 p.m. EET

Changes in the Executive Board - KONE establishes a new Technology&Innovation
unit

KONE will establish a new Technology&Innovation unit headed by a Chief
Technology Officer (CTO). Tomio Pihkala (40) has been appointed CTO of KONE
to head this unit. He has worked in various roles within KONE since 2001, and
has been a member of the Executive Board since 2013, responsible for
Operations Development.

The new Technology&Innovation unit brings together KONE's Research&Development
and IT functions.

"By establishing a dedicated Technology&Innovation unit we will speed up our
development in a changing business environment. The opportunities from
digitalization are accelerating in our industry. We see a lot of new and
exciting ways to improve customer and user experience as well as the quality
and productivity of our operations. Tomio's strong technology background and
his future-oriented approach make him an ideal person for this new role,"
says Henrik Ehrnrooth, President and CEO, KONE Corporation.

Mikko Korte (46) has been appointed Executive Vice President, Operations
Development. KONE Operations Development includes KONE's installation
operations as well as quality, safety and environment functions.

Mikko Korte has 20 years of global experience in various senior roles within
KONE, most recently heading KONE's new equipment business in the Americas
region.

"Mikko has broad experience from various business lines and geographical
regions within KONE. I am confident that his strong leadership and competence
in driving operational excellence will result in a continued improvement of
our competitiveness."

Tomio Pihkala and Mikko Korte will report to Henrik Ehrnrooth, President and
CEO. Both appointments will be effective as of January 1, 2016.

For further information, please contact:

Max Alfthan, EVP, Marketing&Communications, KONE Corporation, tel. +358 204 75
4775

Kerttu Tuomas, EVP, Human Resources, KONE Corporation, tel. +358 204 75 4373

Interview and image requests: Liisa Kivelä, Director, Communications, tel.
+358 204 75 4330, or media@kone.com

Sender:

KONE Corporation

Henrik Ehrnrooth
President and CEO

Kerttu Tuomas
Executive Vice President
Human Resources

About KONE

KONE is one of the global leaders in the elevator and escalator industry.
KONE's objective is to offer the best People Flow® experience by developing
and delivering solutions that enable people to move smoothly, safely,
comfortably and without waiting in buildings in an increasingly urbanizing
environment. KONE provides industry-leading elevators, escalators, automatic
building doors and integrated solutions to enhance the People Flow in and
between buildings. KONE's services cover the entire lifetime of a building,
from the design phase to maintenance, repairs and modernization solutions. In
2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the
year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX
Helsinki Ltd. in Finland.

www.kone.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KONE OYJ via Globenewswire

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