Marimekko - Changes board/management/auditors

CHANGE IN MARIMEKKO’S GOVERNANCE MODEL

Marimekko Corporation, Stock Exchange Release, 23 February 2016 at 8.30 a.m.

CHANGE IN MARIMEKKO’S GOVERNANCE MODEL

On 22 February 2016, Marimekko's Board of Directors decided to revise Marimekko
Corporation’s governance model, according to which the duties of the CEO are
currently separate from those of the President. After the change, the role of
Tiina Alahuhta-Kasko will incorporate the duties of both the President and the
CEO. The duties of the CEO include, inter alia, responsibility for the
development and implementation of Marimekko's strategy together with the
Management Group as well as managing the company's financial affairs and
stakeholder relations. Tiina Alahuhta-Kasko has served as the President of
Marimekko since 9 April 2015. 

Mika Ihamuotila will continue to be employed by the company pursuant to his
full-time executive service agreement. Also, he has announced that he will be
available for re-election as Chairman of the Board of Directors. In the event
that Mika Ihamuotila is elected as Chairman of the Board of Directors, he will
be full-time Chairman of the Board. The Annual General Meeting decides on the
remuneration payable for board chairmanship. 

The changes will take effect after the Annual General Meeting of 11 April 2016.
Following the revised governance model, the total compensation of executive
management will decline markedly. 

The Audit and Remuneration Committee established on 9 April 2015 in connection
with revising the company’s governance structure deals with and prepares
matters related to the executive management's terms of contract and
remuneration, in addition to the conventional duties and supervision allotted
to audit and remuneration committees. 



MARIMEKKO CORPORATION
Board of Directors




DISTRIBUTION:
NASDAQ Helsinki Ltd
Key media



Marimekko is a Finnish design company renowned for its original prints and
colours. The company’s product portfolio includes high-quality clothing, bags
and accessories as well as home décor items ranging from textiles to tableware.
When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a
strong and unique identity. Marimekko products are sold in about 40 countries.
In 2015, brand sales of the products worldwide amounted to EUR 186 million and
the company's net sales were approximately EUR 96 million. More than 150
Marimekko stores serve customers around the globe. The key markets are Northern
Europe, North America and the Asia-Pacific region. The Group employs about 500
people. The company’s share is quoted on NASDAQ Helsinki Ltd. www.marimekko.com