Honkarakenne Oyj - Changes board/management/auditors

PROPOSAL ON BOARD MEMBERS TO HONKARAKENNE GENERAL MEETING

Helsinki, Finland, 2011-02-16 14:00 CET (GLOBE NEWSWIRE) -- 

HONKARAKENNE OYJ           Stock Exchange Release 16 February 2011 at 3:00 pm

PROPOSAL ON BOARD MEMBERS TO HONKARAKENNE GENERAL MEETING

The shareholders who have over 50% of the votes carried by the company's shares
have decided to propose to the Honkarakenne Oyj Annual General Meeting that the
number of Board Members, on the Board to be elected, be confirmed to be seven,
and that of the members currently on the Board Lasse Kurkilahti, Mauri
Saarelainen, Pirjo Ruuska, Mauri Niemi and Marko Saarelainen be re-elected. The
curriculum vitaes of the Board Members who have been proposed for re-election
are available on the company's website at
www.honka.com/corporate/invest/en_GB/board/. 

Of the current Board Members, Tomi Laamanen has announced that he will not be
available for election to the Board for the next term. 

The shareholders who have over 50% of the votes carried by the company's shares
propose that new Board Members are Teijo Pankko and Anders Adlercreutz. 

The expertise of the proposed new Board Members will strengthen the
implementation and export of Honkarakenne's premium and luxury strategy. With
an extensive experience in finance and financing, Teijo Pankko will also
greatly contribute to the company's Russian operations. Russia is a significant
premium and luxury product market for Honkarakenne. For his part, Anders
Adlercreutz will consolidate, in particular, the company's architecture and
design competence. 

Attached are the curriculum vitaes of Teijo Pankko and Anders Adlercreutz.

HONKARAKENNE OYJ

Lasse Kurkilahti

Chairman of the Board



Further information: Lasse Kurkilahti, tel. +358 500 628 016,
lasse.kurkilahti@gmail.com. 



DISTRIBUTION

Stock Exchange OMX Helsinki

Key media

Financial Supervisory Authority

www.honka.com



Teijo Pankko, born 1964

2006-2010    Chief Financial Officer, Altimo, the telecom holding company of
the Alfa 

Group Consortium.  Member of the Board, OAO Megafon

2005-             Chief Financial Officer, Financial Corporation Uralsib

2002-2005    Chief Financial Officer, Alfa-Bank

1998-2002    Head of Treasury, Alfa-Bank

1997-1998    Chief Financial Officer, Alfa-Capital, Alfa Group (Moscow, Russia)

1995-1997    Financial Director, Lemminkainen LTD, Moscow, Russia

1989-1995    Financial Director, NHM-Commodities, Finland

1988-1989    Deputy Chief of Treasury, Rauma Repola Oy



Anders Adlercreutz, born 1970

2000-            Architect, Partner, A-Konsultit

1997-2000    Architect, SARC Architects

Attachments:

Proposal on board members Honkarakenne 16022011en.pdf