Decisions taken by the organisational meeting of Kesko Corporations' Board of Directors

KESKO CORPORATION STOCK EXCHANGE RELEASE 13.04.2015 AT 16.50 1(1)

Decisions taken by the organisational meeting of Kesko Corporations' Board of Directors

The organisational meeting of Kesko Corporation's Board of Directors, held after the Annual General Meeting, elected Esa Kiiskinen as its Chair and Mikael Aro as its Deputy Chair. The Board elected Kaarina Ståhlberg as the Chair of the Audit Committee, Mikael Aro as its Deputy Chair and Matti Kyytsönen as its member, as well as Esa Kiiskinen as the Chair of the Remuneration Committee, Mikael Aro as its Deputy Chair and Anu Nissinen as its member.

After the Annual General Meeting, Kesko Corporation's Board of Directors held an organisational meeting in which it elected retailer, Business College Graduate Esa Kiiskinen as its Chair and eMBA Mikael Aro as its Deputy Chair. Master of Laws Kaarina Ståhlberg (Ch.), eMBA Mikael Aro (Dep. Ch.) and Master of Science in Economics Matti Kyytsönen were elected to the Board's Audit Committee. Esa Kiiskinen (Ch.), Mikael Aro (Dep. Ch.) and Master of Science in Economics Anu Nissinen were elected to the Board's Remuneration Committee.

Based on the Board's independence evaluation, all Board members are independent of the company's significant shareholders and, except for Esa Kiiskinen, Tomi Korpisaari and Toni Pokela, also independent of the company. Each of the companies controlled by Kiiskinen, Korpisaari and Pokela has a chain agreement with a Kesko Group company. The Committees fulfil the independence requirements referred to in the Finnish Corporate Governance Code for Listed Companies.

The Board elects the Board Chair and the Deputy Chair for the whole three-year term of Board members, and the Committee Chairs, Deputy Chairs and members for one year at a time.

Further information is available from Corporate Secretary, Director Mika Majoinen, telephone +358 105 322 206.

Kesko Corporation

Harri Utoslahti
Communications Manager

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