Annual General Meeting 2021

19.01.2021

The planned date for Kesko Corporation’s next Annual General Meeting is Monday, 12 April 2021. The notice of the meeting shall be given by the Board of Directors at a later date.

Possible requests from shareholders to put matters on the agenda of Kesko’s 2021 Annual General Meeting were to be sent to Kesko’s Board of Directors no later than on 15 January 2021. If Kesko’s Board of Directors convenes the Annual General Meeting in compliance with the act (677/2020) enabling temporary deviation from the Finnish Limited Liability Companies Act, only proposals submitted by shareholders who control at least one-hundredth of all shares in Kesko shall be included in the meeting notice. A written request, together with a proposal for a resolution was to be sent to Kesko Corporation, Kesko Group’s Legal Affairs, PO Box 1, FI-00016 KESKO, or by e-mail to cg@kesko.fi. The shareholder who makes the request also has the duty to ensure that their proposal for a resolution enables the Annual General Meeting to make a resolution on the matter.

Stock Exchange Release 19.01.2021: Proposals of the Shareholders’ Nomination Committee to Kesko’s 2021 Annual General Meeting

The Nomination Committee proposes that the following persons be elected as Board members:

Esa Kiiskinen, b. 1963, Kauppaneuvos (an honorary title granted by the President of the Republic of Finland), Business College Graduate.
Independence: He is considered not to be independent of the Company (entity controlled by him has a chain agreement with a Kesko Group company) but to be independent of its significant shareholders.

Domicile: Helsinki, Finland.
Principal occupation: Food retailer.
Main employment history: K-food retailer since 1990.
Main positions of trust: Taaleri Plc: member of the Board 2014-2019; Confederation of Finnish Industries EK: Chair of the Delegation for Entrepreneurs 2012-2014; Confederation of Finnish Industries EK: Vice-Chair of the Board 2012-2014; Finnish Family Firms Association: member of the Board 2011-2012; The Foundation for Vocational Training in the Retail Trade: Chair of the Board 2008-2012; Saija ja Esa Kiiskinen Oy: Chair of the Board 1995-; Finnish Commerce Federation: member of the Board 2008-2012; K-Retailers' Association: Chair of the Board 2008-2012; Vähittäiskaupan Tilipalvelu VTP Oy: member of the Board 2008-2012.
Board member since: 30 March 2009.
Kesko shares held (the amount equals the share issue without payment (share split) registered on 30 April 2020):
31 December 2019: 5,012 B shares held by him and 429,400 A shares held by him and entities controlled by him.
31 December 2020: 7,004 B shares held by him and 447,200 A shares held by him and entities controlled by him.

Peter Fagernäs, b. 1952, Master of Laws.
Independence: He is considered to be independent of the Company and of its significant shareholders.

Domicile: Helsinki, Finland.
Principal occupation: Chairman of the Board
Main employment history: Hermitage & Co Oy: Chairman of the Board 2003-, Pohjola Group Plc: Chairman of the Board 2001–2003, Conventum Ltd: CEO 1996-1999 and Chairman of the Board 1999-2002, Merita Bank Ltd: member of management board 1995-1996, Prospectus Ltd: CEO 1993-1995, Kansallis-Osake-Pankki: 1977-1993.
Main positions of trust: Oy Hermitage Ab: Chairman of the Board 2003–, Taaleri Plc: Chairman of the Board 2007-2020, Amanda Capital Plc: member of the Board 2007–2011, Winpak Ltd: member of the Board 2006–2011, Fortum Corporation: Chairman of the Board 2004-2009.
Board member since: 11 April 2018.
Kesko shares held (the amount equals the share issue without payment (share split) registered on 30 April 2020):
31 December 2019: 3,104 B shares and 4,000 A shares held by him.
31 December 2020: 13,337 B shares and 4,000 A shares held by him.

Jannica Fagerholm, b. 1961, Master of Science (Economics).
Independence: She is considered to be independent of the Company and of its significant shareholders.

Domicile: Helsinki, Finland.
Principal occupation: Managing Director.
Main employment history: Signe and Ane Gyllenberg Foundation: Managing Director 2010-; SEB Gyllenberg Private Bank: Managing Director 1999-2010; Handelsbanken Liv Finland: Country Director 1998-1999.
Main positions of trust: Sampo plc: member of the Board 2013-; Solidium Oy, member of the Board 2019-, Kelonia Ab, member of the Board 2010-; Veritas Pension Insurance, member of the Supervisory Board 2010-; The Society of Swedish Literature in Finland, member of the Board 2015-, member of the Financial Board 2001-2015; Eira Hospital Ltd: member of the Board 2010-; Hanken School of Economics: member of the Board 2008-, Chair of the Board 2019-; Teleste Corporation: member of the Board 2013-2020; Aktia Abp: member of the Board 2012-2013; Partiosäätiö foundation: member of the Board 1997-2013.
Board member since: 4 April 2016.
Kesko shares held (the amount equals the share issue without payment (share split) registered on 30 April 2020):
31 December 2019: 7,104 B shares held by her.
31 December 2020: 8,337 B shares held by her.

Piia Karhu, b. 1976, Doctor of Science, Economics and Business Administration.
Independence: She is considered to be independent of the Company and of its significant shareholders.

Domicile: Kauniainen, Finland.
Principal occupation: Senior Vice President
Main employment history: Metso Outotec: SVP Business Development 2020-; Finnair Plc: Senior Vice President, Customer Experience and member of the Executive Board 2016-2020. Various leadership positions at Finnair Plc since 2013. Previously worked as a management consultant for 12 years at Ernst & Young and Capgemini.
Main positions of trust: -
Board member since: 11 April 2018.
Kesko shares held (the amount equals the share issue without payment (share split) registered on 30 April 2020):
31 December 2019: 2,332 B shares held by her.
31 December 2020: 3,257 B shares held by her.

Jussi Perälä, b. 1970, retailer, Business College Graduate
Independence: He is considered not to be independent of the Company (entity controlled by Perälä has a chain agreement with a Kesko Group company), but to be independent of its significant shareholders.

Domicile: Helsinki, Finland
Principal occupation: Retailer, J & M Perälä Oy
Main employment history: Retailer: K-Rauta Oulunkylä 2014- and K-Rauta Procenter Pasila 2020-, K-Rauta Palokka Jyväskylä 2010-2014, Rautia-maatalous Vasarakatu Jyväskylä 2003-2010, K-Rauta Kangasniemi 1998-2008, K-Rauta Laukaa 1997-2013, Rautia Joutsa 1997-2012, K-Rauta Toivakka 1997-2005.
Main positions of trust: K-Retailers' Association: Vice Chairman of the Board 2016-, Board member 2009-2014, K-rautakauppiasyhdistys: Board member 2008, Vice Chairman of the Board 2009-2014, Vähittäiskaupan Takaus Oy: Board member 2018-, Vähittäiskaupan Tilipalvelu Oy: Board member 2017-, Finnish Hardware Association: Board member 2009-2011 and 2016-, Rautia Chain Board: Chairman 2008, member 2001-2007, K-Rauta planning group: 2011-2014.
Kesko shares (the amount equals the share issue without payment (share split) registered on 30 April 2020):
15 January 2021: held by him and entities controlled by him 105,910 A shares and 95,593 B shares.

Toni Pokela, b. 1973, Retailer, EMBA.
Independence: He is considered not to be independent of the Company (entity controlled by him has a chain agreement with a Kesko Group company) and of significant shareholders (Chair of the Board of a significant Company shareholder, the K-Retailers’ Association).

Domicile: Helsinki, Finland.
Principal occupation: Food retailer.
Main employment history: K-food retailer since 1997.
Main positions of trust: Chamber of Commerce: member of the Board 2021-; Finnish Commerce Federation: member of the Board 2017-; Finnish Tennis Federation: Chair of the Board 2017-, member of the Board 2014-2016; K-Retailers' Association: Chair of the Board 2016-, member of the Board 2008-2012; Pokela Oy Iso Omena: member of the Board and Managing Director 1998-; Iso Omenan Yrittäjäyhdistys ry: Chair of the Board 2003-; Foundation for Vocational Training in the Retail Trade: Chair of the Board 2016-; Confederation of Finnish Industries EK: member of the Skilled Workforce Committee 2014-2016, member of the Delegation for Entrepreneurs 2017-; K-instituutti Oy: Deputy Chair of the Board 2010-2012; Vähittäiskaupan Takaus Oy: member of the Board 2010-2012; K-Food Retailers' Club: Chair of the Board 2010-2012; Deputy Chair 2008-2010; Finnish Grocery Trade Association: member of the Board 2010-2011.
Member of the Board since: 16 April 2012.
Kesko shares held (the amount equals the share issue without payment (share split) registered on 30 April 2020):
31 December 2019: 2,332 B shares held by him and 717,600 A shares held by entities controlled by him.
31 December 2020: 3,257 B shares held by him and 745,600 A shares held by entities controlled by him.

Timo Ritakallio, born 1962, Doctor of Science (Technology), Master´s degree in law (LL.M.), MBA.
Independence: He is considered to be independent of the Company and of its significant shareholders.

Residence: Helsinki, Finland.
Main occupation: President and Group Chief Executive Officer.
Career: OP Financial Group: President and Group Chief Executive Officer 2018-, Ilmarinen Mutual Pension Insurance Company: President and CEO 2015-2018, Deputy Chief Executive Officer 2008-2015, Pohjola Bank Group: Deputy Executive Officer and Vice Chairman of the Executive Committee 2006-2008, OKO Bank: Deputy Chief Executive Officer and Member of the Executive Board 2001-2005, OKO Bank: Executive Vice President and Member of the Executive Board 1997-2001, Opstock Securities Ltd: Managing Director 1993-1997, Uudenkaupungin Seudun Osuuspankki: Managing Director 1991-1993.
Key positions of trust: Finance Finland, FFI: Chairman 2020-, Member of the Board of Directors 2017-2019, Confederation of Finnish Industries: Member of the Board of Directors 2020-, Finnish Chamber of Commerce: Member of the Board of Directors 2019-, OP Corporate Bank plc: Chairman of the Board of Directors 2018-, Pohjola Insurance Ltd: Chairman of the Board of Directors 2018-, The Finnish Olympic Committee: Chairman of the Board of Directors 2016-2020, Outotec Oyj: Vice Chairman of the Board of Directors 2013-2019, Technopolis Oyj: Member of the Board of Directors 2008-2015, Nasdaq OMX Nordic Inc: Member of the Board of Directors 2003-2011, SSH Communication Security Oyj: Member of the Board of Directors 2003-2009.
Kesko shares held (the amount equals the share issue without payment (share split) registered on 30 April 2020):
14 January 2021: 2,000 A shares.