Konecranes Oyj - Other information disclosed according to the rules of the Exchange

Konecranes Plc Board of Directors’ organizing meeting

KONECRANES PLC STOCK EXCHANGE RELEASE  March 23, 2017 at 15:50 EET

In the first meeting of the Board of Directors of Konecranes Plc after the
Annual General Meeting the Board of Directors elected Mr. Christoph Vitzthum
Chairman of the Board and Mr. Ole Johansson Vice Chairman of the Board. 

The Board of Directors has decided to establish a separate Nomination Committee
and a separate Human Resources Committee to replace its prior Nomination and
Compensation Committee. In addition, the Board of Directors has an Audit
Committee in accordance with previous practice. 

Mr. Ulf Liljedahl was elected Chairman of the Audit Committee, and Mr. Ole
Johansson, Ms. Malin Persson and Mr. David A. Sachs as Committee members. Mr.
Bertel Langenskiöld was elected Chairman of the Human Resources Committee, and
Ms. Janina Kugel, Mr. Oren G. Shaffer and Mr. Christoph Vitzthum as Committee
members. Mr. Christoph Vitzthum was elected Chairman of the Nomination
Committee, and Mr. Ole Johansson and Mr. David A. Sachs as Committee members. 

Mr. Ole Johansson, Ms. Janina Kugel, Mr. Bertel Langenskiöld, Mr. Ulf Liljedahl
and Mr. Christoph Vitzthum, are deemed to be independent of the company and any
significant shareholders. While Ms. Malin Persson has served as director of the
company for more than ten consecutive years, she is deemed to be independent of
the company since her independence is not compromised by this or any other
factor according to the Board's overall evaluation. She is also deemed to be
independent of significant shareholders. Both Mr. David A. Sachs and Mr. Oren
G. Shaffer are deemed to be dependent of a significant shareholder of the
company based on their positions as Chairman of the Board of Directors and
member of the Board of Directors of Terex Corporation, respectively. 

KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations


FURTHER INFORMATION
Mr. Miikka Kinnunen, Vice President, Investor Relations, tel. +358 (0) 20 427
2050 


Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity enhancing lifting
solutions as well as services for lifting equipment of all makes. The Group has
18,000 employees at 600 locations in 50 countries. Konecranes class A shares
are listed on the Nasdaq Helsinki (symbol: KCR). 



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