KONE Oyj - Changes board/management/auditors

KONE appoints Ilkka Hara as CFO and Member of the Executive Board

KONE Corporation, stock exchange release, May 24, 2016 at 3:00 p.m. EEST

KONE appoints Ilkka Hara as CFO and Member of the Executive Board

Ilkka Hara (41) has been appointed CFO (Chief Financial Officer) and a member of
the Executive Board at KONE as of August 8, 2016. He will be based in Espoo,
Finland and report to Henrik Ehrnrooth, President and CEO, KONE Corporation.

The appointment follows Eriikka Söderström's decision to leave KONE at the end
of July 2016 to pursue other interests outside the company. Eriikka has served
as CFO of KONE and a member of the Executive Board since April 2014 and prior to
that as Corporate Controller.

Ilkka Hara joins KONE from Microsoft, where he has served as General Manager and
CFO for the Phones Business since 2014 based in Redmond, Washington, U.S.A. His
previous roles include various finance and M&A related leadership roles at Nokia
since 2004. Prior to working for Nokia, Ilkka gained experience in investment
banking with a special focus in the technology sector. Ilkka holds a M.Sc.
(Econ) from the Helsinki School of Economics.

"I would like to thank Eriikka for developing KONE's financial processes,
reporting as well as the organization in a good direction. I welcome Ilkka to
the team. I am convinced that he will be a good addition, in particular given
his broad international background and business oriented approach to finance,"
says Henrik Ehrnrooth.

For further information, please contact:

Kerttu Tuomas, Executive Vice President, Human Resources, tel. +358 (0)204
75 4373

Sender:

KONE Corporation

Henrik Ehrnrooth
President and CEO

Kerttu Tuomas
Executive Vice President
Human Resources

KONE as a company

At KONE, our mission is to improve the flow of urban life. As a global leader in
the  elevator and  escalator industry,  KONE provides  elevators, escalators and
automatic building doors, as well as solutions for maintenance and modernization
to  add value to  buildings throughout their  life cycle. Through more effective
People  Flow®,  we  make  people's  journeys  safe,  convenient and reliable, in
taller,  smarter  buildings.  In  2015, KONE  had  annual  net sales of EUR 8.6
billion,  and at  the end  of the  year close  to 50,000 employees. KONE class B
shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com








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