KONE Oyj - Changes board/management/auditors

KONE Oyj : Changes in the KONE Organization and Executive Board

KONE Corporation, stock exchange release, June 5, 2012 at 8.45 EET



KONE's management structure for its geographical areas will change as of July
1, 2012. This change will be made to reflect the rapid growth of the elevator
and escalator market in Asia-Pacific, especially in China.



Following the change, KONE's business in China will be separated from the
current Asia-Pacific area. The new Greater China area will comprise of Mainland
China, Hong Kong and Taiwan. William B. Johnson, who has been the country
manager of China since 2004, has been appointed Executive Vice President,
Greater China.  He will become a member of the Executive Board and will report
to Matti Alahuhta, President and CEO.



In the new structure KONE Middle East will be part of the renewed Asia-Pacific
area. Noud Veeger will continue to lead the area, now as Executive Vice
President, Asia-Pacific and Middle East."Separating our China business from our current Asia-Pacific area will further
sharpen our focus on the opportunities in this large market. We are the second
largest company in the Chinese market, which represented more than 60% of the
global market volume in our industry last year. Our market position is very
strong also in India, Australia, Southeast Asia and the Middle East. The new
structure gives us good possibilities to develop our business well in all of
these markets", says Matti Alahuhta, President and CEO of KONE Corporation.


Juho Malmberg, Executive Vice President, Customer Experience has decided to
leave KONE as of June 30, 2012 to become the CEO of a Finnish start-up high-
technology company.  In addition to his current role, Ari Lehtoranta, Executive
Vice President, Central and North Europe will assume responsibility for the
Customer Experience development program, one of the five key development
programs in KONE.


About KONE
KONE is one of the global leaders in the elevator and escalator industry. The
company has been committed to understanding the needs of its customers for the
past century, providing industry-leading elevators, escalators and automatic
building doors as well as innovative solutions for modernization and
maintenance. The company'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. In 2011, KONE had annual net sales of EUR
5.2 billion and on average 35,000 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 and Communications, tel.
+358 204 75 4775


Sender:

KONE Corporation

Matti Alahuhta
President and CEO

Anne Korkiakoski
Executive Vice President
Marketing and Communications

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