KONE Oyj - Changes board/management/auditors

KONE appoints Henrik Ehrnrooth as CFO and Member of the Executive Board

KONE Corporation, stock exchange release, February 25, 2009

Henrik Ehrnrooth (40) has been appointed CFO (Chief Financial
Officer) as of May 1, 2009. Henrik Ehrnrooth will be a Member of the
Executive Board and report to Matti Alahuhta, President & CEO, KONE
Corporation.

Henrik Ehrnrooth will succeed Aimo Rajahalme, who has served as CFO
since 1991, as well as in other financial management roles since the
beginning of his employment with the company in 1973. Prior to his
retirement on December 31, 2009, Aimo Rajahalme will support Henrik
Ehrnrooth during a transition phase as an Executive Advisor.

Henrik Ehrnrooth will join KONE from Goldman Sachs, where he has
worked since 1998, most currently as Managing Director in Investment
Banking. He has a M.Sc. (Econ) degree from the Hanken School of
Economics in Helsinki."Henrik Ehrnrooth will bring us great international experience and
know-how from the financial world," says Matti Alahuhta. "His proven
track-record, his capability to quickly assimilate new information
and his energizing leadership style will be great assets for KONE."


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 2008, KONE had annual net sales of EUR 4.6 billion
and over 34,800 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. +358 (0)50 674 11

Sender:

KONE Corporation

Matti Alahuhta
President & CEO

Anne Korkiakoski
Executive Vice President
Marketing & Communications