Stockmann - Changes board/management/auditors

Appointments to Stockmann’s management

Helsinki, Finland, 2014-10-02 08:00 CEST (GLOBE NEWSWIRE) -- STOCKMANN plc,
Changes board/management/auditors 2.10.2014 at 9:00 EET 

As a result of the new structure of the Stockmann Group, the following
appointments have been made to Stockmann's management, effective 1 November
2014. 

Jouko Pitkänen (born 1971), eMBA, has been appointed Director, Stockmann
Retail. He will head the retail business of Stockmann's department and online
stores. Jouko Pitkänen is currently Director of Stockmann's department stores
in Russia and the Baltic countries. He has held several sales management
positions at Stockmann, including Sales Development Director and Director of
Department Stores in Turku and in Moscow. 

Tove Westermarck (born 1968), M.Sc. (Econ.), has been appointed Development
Director. She will be responsible for ensuring that the Group's new strategy is
implemented in the Stockmann Retail and Real Estate divisions. Tove Westermarck
is currently Director of Distance Retail at the Department Store Division and
she is also leading the strategy process for Stockmann Retail. She has
previously worked as Director of Department Stores in Russia and in other sales
and marketing management positions at Stockmann. 

Björn Teir (born 1969), M.Sc. (Pol.), has been appointed Director, Real Estate.
He will be responsible for managing and leasing Stockmann's real estate
holdings in Helsinki, St Petersburg, Tallinn and Riga. Björn Teir has over 10
years' experience in leading real estate business, currently as the Managing
Director of Forum Capita and Mercator, which own properties in the Forum block
and manage the Forum shopping centre in Helsinki. 

All the persons mentioned above will report to the CEO and they will be members
of the Stockmann Group's Management Committee. 

Lauri Veijalainen (born 1968), B.Sc., has been appointed Deputy Director, Real
Estate. In this position, he will report to Director, Real Estate. He will also
continue as a member of the Group's Management Committee and Development
Director of the Group's international operations, and in this role he will
report to the CEO. 

The Management Committee will consist of the following members as of 1 November
2014: 
- Kaj-Gustaf Bergh, Chairman of the Board, acting CEO
- Ingvar Larsson, Director, Fashion Chains
- Jukka Naulapää, Director, Legal Affairs
- Heini Pirttijärvi, Director, Human Resources
- Jouko Pitkänen, Director, Stockmann Retail
- Kjell Sundström, Chief Strategy Officer
- Björn Teir, Director, Real Estate
- Lauri Veijalainen, Deputy Director, Real Estate
- Pekka Vähähyyppä, Executive Vice President, CFO
- Tove Westermarck, Development Director

Further details of the management committee members are available at the
Stockmann Group's website. 

Further information:
Kaj-Gustaf Bergh, Chairman of the Board of Directors, tel. +358 40 524 7730
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com


STOCKMANN plc

Nora Malin
Director, Corporate Communications


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