Real estate operations

Human resources

K-retailer career

Corporate responsibility

Kesko’s Corporate Governance

Board of Directors

Corporate Management Board

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Frontpage The Group Corporate Management Board

Corporate Management Board
on 31 December 2010

	Matti Halmesmäki b. 1952, M.Sc. (Econ.), LL.M. Kesko Corporation's President and CEO, Chair of the Corporate Management Board. Domicile: Helsinki,Finland. Other major duties: Confederation of Finnish Industries EK: Board Deputy Chair 2005–, the Finnish Fair Corporation: Board member 2005–, the Federation of Finnish Commerce: Board member 2005–, Ilmarinen Mutual Pension Insurance Company: Board member 2010–, Luottokunta: Supervisory Board member 2005– and Chair 2007–, Foundation for Economic Education: Board member 2005–, Finnish Business and Policy Forum EVA: member 2005–, Helsinki Region Chamber of Commerce: Delegation member 2006–, the Association for Promoting Voluntary National Defence of Finland: Delegation member 2005–, the Central Chamber of Commerce in Finland: Board member 2006–, ICC Finland – the Finnish Section of International Chamber of Commerce: Executive Board member 2005–, Savonlinna Opera Festival Patrons' Association, member of the Board of Trustees 2006–, East Office of Finnish Industries Oy: Board member 2008–, Varma Mutual Pension Insurance Company: Supervisory Board member 2005–. Employment history: employed by Kesko Ltd since 1980: Director of the Accounting and Office Administration Department 1985–1989, Executive Vice President, Finance and Accounting 1989–1993, Executive Vice President, Agricultural and Builders' Supplies Division 1993–1995, Executive Vice President, Speciality Goods Division 1995–1996, Managing Director of Tuko Oy 1996–1997, Executive Vice President, Speciality Goods Trade 1997–2000. Member of Kesko Corporation's Board of Directors 1989–2000. President of Rautakesko Ltd and Kesko Agro Ltd 2001–2005. Kesko Corporation's Managing Director and the Kesko Group's President and CEO since 1 March 2005. Retirement age and benefits: 60 years. Full pension is 66% of the pensionable salary. Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 12 months' salary. Corporate Management Board member since: 1 January 2001. Kesko shares and stock options held on 1 January 2010: 2,000 A shares, 7,000 B shares, 50,000 A stock options, 50,000 B stock options and 50,000 C stock options. On 31 December 2010: 2,000 A shares, 7,000 B shares, 50,000 A stock options, 50,000 B stock options and 50,000 C stock options.
	Terho Kalliokoski b. 1961, M.Sc. (Econ.). President of Kesko Food Ltd. Domicile: Kirkkonummi, Finland Other major duties: the Finnish Grocery Trade Association: Board member 2006–, the Association of Finnish Advertisers: Board member 2005–, the Association for Finnish Work: Board member 2010-, Helsinki Region Chamber of Commerce: Board member 2009–, the Finnish 4H Federation: Supervisory Board member 2009–. Employment history: employed by Kesko Ltd since 1985: Project Planner, Store Site Office (Helsinki) 1985–1987, Investment Manager, Real Estate Department (Helsinki) 1988–1990, Financial Manager, Northern Finland (Oulu) 1990–1995, Retail Services Manager, Grocery Retail Services (Oulu) 1995–1996, Sales Director, Supermarket Chain Unit (Oulu) 1996–1997, District Director, Northern Finland (Oulu) 1998–2002, Senior Vice President, Kesko Real Estate (Helsinki), 2002–2005. President of Kesko Food Ltd since 1 May 2005. Retirement age and benefits: 62 years. Full pension is 66% of the pensionable salary. Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 6 months' salary. Corporate Management Board member since: 17 March 2005. Kesko shares and stock options held on 1 January 2010:3,250 B shares, 25,000 A stock options, 25,000 B stock options and 30,000 C stock options. On 31 December 2010: 3,250 B shares, 25,000 A stock options, 25,000 B stock options and 30,000 C stock options.
	Jari Lind b. 1958, Engineer. President of Rautakesko Ltd. Domicile: Vantaa, Finland. Other major duties: tooMax-x Handelsgesellschaft mbH: Executive Board member 2009–, Eurogroup Far East Ltd.: Executive Board member 2009–. Employment history: employed by Kesko Ltd since 1990: Rautakesko, Purchase Logistics Director 2000–2001, Vice President for the K-rauta chain and B2B Service 2002–2005. President of Rautakesko Ltd since 1 March 2005. Retirement age and benefits: 62 years. Full pension is 66% of pensionable salary. Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 6 months' salary. Corporate Management Board member since: 1 March 2005. Kesko shares and stock options held on 1 January 2010: 25,000 A stock options, 25,000 B stock options and 25,000 C stock options. On 31 December 2010: 25,000 A stock options, 25,000 B stock options and 25,000 C stock options.
	Matti Leminen b. 1951, B.Sc. (Econ.). Senior Vice President, home and speciality goods trade. Domicile: Espoo,Finland. Other major duties: - Employment history: employed by Kesko Ltd since 1982: Director of the Vaatehuone chain 1990–1991, Director of the Leisure Goods Department 1992–1995, Director of Kesko Sports 1995–1998, Executive Vice President of Keswell Ltd 2005–2006. President of Anttila Oy 1998–13 August 2010. Retirement age and benefits: 60 years. Full pension is 66% of pensionable salary. Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 12 months' salary. Corporate Management Board member since: 1 January 2007. Kesko shares and stock options held on 1 January 2010: 20,000 A stock options, 20,000 B stock options, 20,000 C stock options and 3,000 F stock options. On 31 December 2010: 20,000 A stock options, 20,000 B stock options and 20,000 C stock options.
	Pekka Lahti b. 1955, M.Sc. (Agr.). President of VV-Auto Group Oy. Domicile: Vantaa,Finland. Other major duties: The Association of Automobile Importers in Finland: Board member 2007–, Board Chair 2010–, Finnish Car Recycling Ltd: Board member 2007–, Tieliikenteen tietokeskus TT Oy: Board member 2009–, Board Chair 2010–, the Federation of Finnish Commerce: Board member 2010–. Employment history: employed by Kesko Ltd since 1981: Vice President, Kesko Machinery 2000, Managing Director of Konekesko Ltd 2001–2005 and President of Kesko Agro Ltd since 2005. President of VV-Auto Group Oy since 1 February 2006. Retirement age and benefits: 62 years. Full pension is 66% of pensionable salary. Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 12 months' salary. Corporate Management Board member since: 1 March 2005. Kesko shares and stock options held on 1 January 2010: 20,000 A stock options, 20,000 B stock options, 20,000 C stock options and 17,200 F stock options. On 31 December 2010: 20,000 A stock options, 20,000 B stock options and 20,000 C stock options.
	Riitta Laitasalo b. 1955, M.Sc. (Econ.). Senior Vice President, Human Resources. Domicile: Espoo,Finland. Other major duties: Kesko Pension Fund: Board Chair 1998–, Kesko Sickness Fund: Board Chair 2005–, the Foundation for Vocational Training in the Retail Trade: Board member 1998–, Edita plc: Board member 2005–, Chair of the Audit Committee 2005–, JTO School of Management: Board member 2005–, Fintra: Board member 2005–, the Unemployment Insurance Fund of the Ministry of Social Affairs and Health: Supervisory Board member 2010–. Employment history:employed by Kesko Ltd since 1979: Personnel Director 1995–1997, Vice President, Accounting and Finance Division 1997–1998, Vice President, Finance and Administration Division 1998–1999, Senior Vice President, Administration 2000–2005. Senior Vice President, Human Resources since 30 March 2005. Retirement age and benefits: 60 years. Full pension is 66% of the pensionable salary. Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 12 months' salary. Corporate Management Board member since: 1 January 2001. Kesko shares and stock options held on 1 January 2010: 10,000 B shares, 15,000 A stock options, 15,000 B stock options, 15,000 C stock options and 16,000 F stock options. On 31 December 2010: 11,000 B shares, 15,000 A stock options, 15,000 B stock options and 15,000 C stock options.
	Arja Talma b. 1962, M.Sc. (Econ.), eMBA. Senior Vice President, CFO. Domicile: Helsinki,Finland. Other major duties: VR-Group Ltd: Board member 2006– and Chair of the Audit Committee 2006–, Sponda Plc: Board member 2007– and Chair of the Audit Committee 2007–, Luottokunta: Board member 2008–, Finnish Scout Foundation: Supervisory Board member 2010–. Employment history: KPMG Wideri Oy Ab: APA 1992–2001, partner 2000–2001. Oy Radiolinja Ab: Executive Vice President, Finance and Administration 2001–2003. Employed by Kesko Corporation since 2004: Vice President, Corporate Controller 2004–2005. Senior Vice President, CFO since 17 March 2005. Retirement age and benefits: General retirement age and pensionable salary based on the Employees' Pensions Act (TyEL). Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 6 months' salary. Corporate Management Board member since: 17 March 2005. Kesko shares and stock options held on 1 January 2010: 2,000 B shares, 25,000 A stock options, 25,000 B stock options and 25,000 C stock options. On 31 December 2010: 2,000 B shares, 25,000 A stock options, 25,000 B stock options and 25,000 C stock options..
	Paavo Moilanen b. 1951, Business College Graduate. Senior Vice President, Corporate Communications and Responsibility. Domicile: Espoo,Finland. Other major duties: Supervisory Board member 2005–, the Association for Finnish Work: member of the Communications and Research Committee 2005–, the Federation of Finnish Commerce: Chair of the Communications Committee 2010–. Employment history: employed by Kesko Ltd since 1974: Kajaani District Director 1986–1989; Jyväskylä District Director 1989–1991; Seinäjoki District Director 1991–1995; Director of the Neighbourhood Store Chain Unit 1995–1996; Director of the Speciality Goods Division 1996–1997, Vice President, Builders' and Agricultural Supplies Division 1998–2000, Managing Director of the K-Retailers' Association 2000–2005. Kesko Group: Senior Vice President, Corporate Communications since 13 October 2005. Retirement age and benefits: Retirement age 60 years. Full pension is 66% of the pensionable salary. Notice period and severance pay: 6 months. A severance pay paid in addition to the salaries for the period of notice corresponds to 12 months' salary. Corporate Management Board member since: 13 October 2005. Kesko shares and stock options held on 1 January 2010: 500 A shares, 1,500 B shares, 15,000 A stock options, 15,000 B stock options and 15,000 C stock options. On 31 December 2010: 500 A shares, 1,500 B shares, 15,000 A stock options, 15,000 B stock options and 15,000 C stock options.