Stockmann - Changes board/management/auditors

Susanne Ehnbåge appointed CEO of Lindex

STOCKMANN plc, Changes board/management/auditors 10.1.2018 at 7:00 EET

Susanne Ehnbåge, M.Sc.(Econ.), born 1979, has been appointed CEO of Lindex. She
will start in this position at the latest in August 2018. Susanne Ehnbåge will
report to Lauri Veijalainen, Lindex Chairman of the Board and Stockmann’s CEO,
and she will also be a member of the Stockmann Management Team.

Susanne Ehnbåge currently works as the CEO of the NetOnNet Group, a Scandinavian
home electronics retailer. She has been working at the NetOnNet Group since
2003, where she has held a number of executive positions, most recently as the
CEO of the Group since 2016.

“I am confident that we have found a skilful leader with very strong retail, e
-commerce and turnaround competence, which we need in order to respond to the
rapid changes in the fashion market. Susanne Ehnbåge is very energetic and
result driven. She has experience in an industry which has changed fast and is
being continuously challenged by new e-commerce players and digitalization,”
says Lauri Veijalainen, CEO of Stockmann.

“I'm excited to start at Lindex, one of Europe’s leading fashion chains. I look
forward to working with the Lindex team and strengthening this great world-class
brand even further in the continuously evolving retail market,” says Susanne
Ehnbåge.

Elisabeth Peregi, currently the interim CEO of Lindex, will continue acting as
the interim CEO until Susanne Ehnbåge starts in her position at the latest in
August 2018.

“I would like to thank Elisabeth for the great effort she has made by taking
leadership of Lindex in a challenging situation and initiating a quick and
efficient start for the profitability improvement programme. Elisabeth has been
a key player in the Lindex team for years, and I am happy that she is committed
to further continue at Lindex,” says Lauri Veijalainen.

Further information:
Lauri Veijalainen, Stockmann’s CEO and Chairman of the Lindex Board, tel. +358
9 121 5062

www.stockmanngroup.com

STOCKMANN plc

Lauri Veijalainen
CEO

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Nasdaq Helsinki
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