Konecranes Oyj - Company Announcement

Konecranes Plc’s Nomination and Compensation Committee's proposal for new members of the Board of Directors

KONECRANES PLC  STOCK EXCHANGE RELEASE  August 24, 2016 at 8:45

As announced in notice to the Extraordinary General Meeting of Konecranes Plc
on July 15, 2016, the Nomination and Compensation Committee of the Board of
Directors proposes to the General Meeting to be held on September 15, 2016,
that two new members of the Board of Directors be elected for a term of office
ending at the closing of the Annual General Meeting in 2017. 

The Committee proposes that Ms. Janina Kugel and Mr. Ulf Liljedahl be elected
as new members of the Board. 

M.Sc. (Econ.) Janina Kugel, b. 1970, has been Chief Human Resources Officer and
Member of the Managing Board of Siemens AG since 2015.  Ms. Kugel joined
Siemens in 2001 and has held various executive positions in human resource
management and business development in Germany, Italy and China. In 2012-2013,
she was Chief Human Resources Officer of OSRAM. 

B.Sc. (Econ.) Ulf Lijedahl, b. 1965, has been the President and CEO of Volito
AB since 2015. Mr. Liljedahl has extensive experience from executive positions
in finance and general management from Husqvarna, Cardo and Alfa Laval. 

Both candidates are independent of both the company and its major shareholders.

The Committee’s aim is to see to that the number of the directors and the
composition of the board shall make it possible for the Board to discharge its
duties in an efficient manner. The composition shall take into account the
needs of the company’s operations and the development stage of the company. 

CVs of the proposed Board members are available in the Appendix.

Both candidates have given their consent to the election.


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Miikka Kinnunen, Director, 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 and machine tools of all
makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,400
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 


DISTRIBUTION
Nasdaq Helsinki
Media
www.konecranes.com


APPENDIX: CURRICULUM VITAES OF THE PROPOSED BOARD MEMBERS

Janina Kugel
b. 1970
M.Sc. (Econ.)

Principal occupation: Chief Human Resources Officer and Member of the Managing
Board, Siemens AG, Germany, since 2015 

Primary working experience: Siemens AG, Germany 2013–2015: Corporate Vice
President, Human Resources; OSRAM, Germany 2012–2013: Chief Human Resources
Officer; Siemens SpA, Italy 2009–2012: Director, Human Resources; Siemens AG,
Germany 2005–2009: Director, Corporate Development Executive; Siemens AG,
Germany 2001–2004: Director, Strategy and Business Transformation; Accenture,
Germany 1997 – 2000: Management Consultant 

Current key positions of trust: -

Shares: -

Janina Kugel is independent of both the company and its significant
shareholders. 


Ulf Liljedahl
b. 1965
B.Sc. (Econ. and Business Administration)

Principal occupation: President and CEO, Volito AB, Sweden, since 2015

Primary working experience: Husqvarna AB, Sweden 2011–2015: Senior Vice
President and CFO; Cardo AB, Sweden 2007-2011: Executive Vice President and
CFO; Alfa Laval 1992–2007: various financial and general management positions
in Sweden, Denmark and South Africa 

Current key positions of trust: Bulten AB, Sweden 2015-: Chairman of the Board;
Peab AB, Sweden 2015-: Chairman of the External Nomination Committee 

Shares: -

Ulf Liljedahl is independent of both the company and its significant
shareholders.