Stockmann - Changes board/management/auditors

Elisabeth Peregi appointed interim CEO of Lindex

STOCKMANN plc, Changes board/management/auditors 21.8.2017 at 9:45 EET

Ingvar Larsson, CEO of Lindex, has decided to resign from his post. Elisabeth
Peregi, currently the Country Manager of Lindex Sweden, has been appointed the
interim CEO of Lindex with immediate effect.

Elisabeth Peregi (born 1971), M.Sc. (Econ.), has held several management
positions at Lindex. She worked as the Lindex CFO from 2010 to 2013 and, before
that, as Head of Franchise Business and Country Manager for Norway.

Elisabeth will report to Stockmann’s CEO, Lauri Veijalainen, who will start as
the Chairman of the Lindex Board of Directors. The previous chairman, Per
Sjödell, continues as a member of the Stockmann Board.

Ingvar will now leave his position as the CEO, but he will be available for the
company during his period of notice.

“I would like to thank Ingvar for his excellent work in leading the company and
strengthening the Lindex position as one of the leading European fashion chains.
I am confident that the company will continue to be in good hands with Elisabeth
who has long experience in demanding sales positions at Lindex, a strong
financial background and the drive to lead the company forward,” says Lauri
Veijalainen, CEO of Stockmann.

Further information:
Lauri Veijalainen, CEO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com

STOCKMANN plc
Lauri Veijalainen
CEO

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Nasdaq Helsinki
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