Stockmann - Company Announcement

LAURI VEIJALAINEN APPOINTED AS DEVELOPMENT DIRECTOR FOR THE STOCKMANN GROUP'S INTERNATIONAL OPERATIONS

STOCKMANN plc                                                                   
Company Announcement                                                            
19.3.2010 at 9.00                                                               

LAURI VEIJALAINEN APPOINTED AS DEVELOPMENT DIRECTOR FOR THE STOCKMANN GROUP'S   
INTERNATIONAL OPERATIONS                                                        

Mr. Lauri Veijalainen, currently working as the CFO for IKEA Russia and CIS, has
been appointed as new Development Director for the Stockmann Group's            
international operations and member of the Group's Management Committee as from 
1 August 2010. The present Development Director for the Group's international   
operations, Mr. Jussi Kuutsa, will take up the position of Country Manager,     
Russia, at SRV Group as from 1 August 2010. Mr. Veijalainen has long-standing   
experience and extensive knowledge of operations in the Russian market. Before  
his present position, he has worked as the Financial and Administrative Director
for Skanska's Moscow unit.                                                      

The central tasks of the Development Director for the Stockmann Group's         
international operations comprise the responsibility for the Group's        
administration in Russia and coordination of business locations between the     
Group's divisions. Mr. Veijalainen will report to Stockmann's CEO, Hannu        
Penttilä.                                                                       


STOCKMANN plc                                                                   

Hannu Penttilä                                                                  
CEO                                                                             


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