New organisation for Kesko's building and technical trade

KESKO PRESS RELEASE 01.06.2016 AT 12.05 1(1)

Kesko announced in its stock exchange release published at 12.00 on 1 June 2016 that it renames the home improvement and speciality goods trade division as the building and technical trade division. The name is changed because operations have expanded to B2B customers and technical trade. At the same time, the division's management responsibilities have been reorganised to support international growth.

The management board led by Terho Kalliokoski, Kesko Executive Vice president and the President for the building and technical trade division, has been divided into three profit centres: foreign countries, B2B sales and Finland, all of which are supported by five common functions units.

Vice President Tommi Kasurinen is responsible for the business operations of countries outside Finland. His area of responsibility covers Estonia, Latvia, Lithuania, Belarus, Sweden, Norway, Russia and Poland. Vice President Mikko Pasanen is responsible for the sales operations to businesses. Pasanen also acts as Onninen Oy's CEO. Vice President Timo Pesonen is responsible for the business operations in Finland. His area of responsibility covers the K-rauta and Rautia chains, as well as the Asko and Sotka chains. Pesonen also acts as the President of Indoor Group Ltd.

Vice President Timo Heimo is responsible for the development of digital services, for marketing, logistics and business support. Vice President Jani Karotie is responsible for commerce, which includes selection composition, sourcing and commerce support functions. Vice President Jarno Kivinen is responsible for business development and store sites. Vice President Jennie Stenbom is responsible for the HR and communication functions. Vice President Mia Kaitaharju is responsible for the finance, credit and risk management affairs.

The operating areas of the agricultural and machinery trade as well as the leisure trade remain unchanged and their Presidents Antti Meriläinen and Jussi Mikkola report to Terho Kalliokoski.

Further information:
Terho Kalliokoski, Executive Vice President and President for the building and technical trade division, tel. +358 105 320 200, terho.kalliokoski@kesko.fi

Kesko is a Finnish listed trading sector company. Kesko operates in the grocery trade, the building and technical trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. In 2015, Kesko's net sales totalled €8.7 billion and it employed more than 20,000 people. Kesko operates in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia, Belarus and Poland. Kesko's shares are listed on Nasdaq Helsinki. The company's domicile and main premises are in Helsinki. www.kesko.fi