KONE Oyj - Changes board/management/auditors

KONE appoints Ari Lehtoranta EVP, Major Projects, and Member of the Executive Board

KONE Corporation, stock exchange release, October 21, 2008

Ari Lehtoranta (45) has been appointed Executive Vice President
responsible for Major Projects as of November 3, 2008. Ari Lehtoranta
will be a Member of the Executive Board and report to Matti Alahuhta,
President & CEO, KONE Corporation.

Ari Lehtoranta will succeed William Orchard, who has served as
Executive Vice President since 2001, as well as in other senior
management roles since the beginning of his employment with the
company in 1988. Prior to his retirement on January 31, 2009, William
Orchard will support Ari Lehtoranta in the transition phase.

Ari Lehtoranta joins KONE from Nokia Siemens Networks, where he
worked as Head of the Radio Access Business Unit since 2005. Prior to
that, he held several senior positions at Nokia since 1985. Ari
Lehtoranta has a M.Sc. (Engineering) degree in electrical engineering
from the Helsinki University of Technology."Ari Lehtoranta joins our team to continue driving growth in our
Major Projects Business," says Matti Alahuhta. "Due to the strong
urbanization mega trend, there is a great opportunity for KONE to
expand its business in the high-rise, retail and public
transportation sectors. Ari brings along solid experience in global
business, especially in developing global sales and delivery
capabilities for complex projects."

About KONE

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 its customers with
industry-leading elevators, escalators and innovative solutions for
modernization and maintenance, and is one of the global leaders in
its industry. In 2007, KONE had annual net sales of EUR 4.1 billion
and over 32,500 employees. KONE class B shares are listed on the
NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

For further information, please contact:
Anne Korkiakoski, Executive Vice President, Marketing &
Communications, tel. +385 (0)204 75 4775
Kerttu Tuomas, Executive Vice President, Human Resources +358 (0)204
75 4373

Sender:

KONE Corporation

Anne Korkiakoski
Executive Vice President,
Marketing & Communications

Kerttu Tuomas
Executive Vice President,
Human Resources

Attachments:

Ari Lehtoranta.jpg