Konecranes Oyj - Changes board/management/auditors

Mr. David A. Sachs and Mr. Oren G. Shaffer have resigned from Konecranes' Board of Directors due to Terex's holding falling below 10 percent of all outstanding Konecranes shares

KONECRANES PLC  stock exchange release  May 23, 2017 at 23:55 EET


Due to Terex Corporation's ("Terex") shareholding falling below 10 percent of
all outstanding Konecranes Plc ("Konecranes") shares in the share sale
announced earlier today, the Terex appointed members to Konecranes' Board of
Directors Mr. David A. Sachs and Mr. Oren G. Shaffer have resigned from the
Board of Directors as of May 23, 2017, in accordance with § 5 of Konecranes'
Articles of Association. 

Apart from the resignations of Mr. David A. Sachs and Mr. Oren G. Shaffer,
there are no other changes to the composition of Konecranes' Board of
Directors. 


KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations



FURTHER INFORMATION
Miikka Kinnunen, Vice President, Investor Relations, Konecranes Plc, 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. In 2016,
Group (comparable combined company) sales totaled EUR 3,278 million. The Group
has 17,000 employees at 600 locations in 50 countries. Konecranes class A
shares are listed on the Nasdaq Helsinki (symbol: KCR). 



DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com