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2014-05-27

KONE Oyj: Changes in the KONE Executive Board

KONE Corporation, stock exchange release, May 27, 2014 at 9.00
EET

Noud Veeger has been appointed Executive Vice President responsible for
Central and North Europe as of September 1, 2014. He will continue as a
member of the Executive Board and report to Henrik Ehrnrooth, President and
CEO of KONE Corporation. Noud Veeger is currently responsible for KONE's
business in Asia-Pacific and the Middle East.

Noud Veeger will succeed Ari Lehtoranta, who has been appointed President and
CEO of Nokian Tyres plc as of September 1, 2014.

Neeraj Sharma, 53, has been appointed Executive Vice President, Asia-Pacific
and the Middle East as of September 1, 2014. He has been Managing Director
for KONE India since 2009, prior to which he served in various leadership
roles at General Electric. He will become a member of the Executive Board and
report to Henrik Ehrnrooth.

Anne Korkiakoski, Executive Vice President, Global Marketing and
Communications has decided to leave KONE as of August 1, 2014 to pursue other
interests outside the company. The search for a replacement has been
commenced.
For further information, please contact:

Kerttu Tuomas, Executive Vice President, Human Resources, tel. +358 (0)204 75
4373

Sender:

KONE Corporation

Henrik Ehrnrooth
President and CEO

Tuomas Kerttu
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
2013, KONE had annual net sales of EUR 6.9 billion, and at the end of the
year over 43,000 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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