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Change in the KONE Executive Board – Ken Schmid appointed Executive Vice President, KONE Americas

Press Release Published 03/30/2020

KONE Corporation, stock exchange release, March 30, 2020, orignally published at 8:30 a.m. EEST on www.kone.com

Change in the KONE Executive Board - Ken Schmid appointed Executive Vice President, KONE Americas

Ken Schmid (Master of Business Administration), has been appointed Executive Vice President of KONE Americas as of April 1, 2020. He will continue as a member of KONE Executive Board and report to Henrik Ehrnrooth, President and CEO, KONE Corporation. He will be based in Lisle, IL, United States.

In addition to his previous role as Senior Vice President, Finance for KONE Americas, Ken has served as interim leader for KONE Americas and as a member of the KONE Executive Board since February 2020.

Ken has served as Senior Vice President, Finance for KONE Americas and member of KONE's Global Finance Leadership Team since 2005, as a Senior Vice President of Global Information Services 2003-2005, as a Senior Vice President, CIO for KONE Americas 1998-2003 as well as Vice President of Quality 1995-1998. Earlier in his career Ken held various new equipment sales roles in multiple branch offices within KONE.

"I am very happy to welcome Ken as a member of the KONE Executive Board and to become the permanent leader of our Americas business. Ken has proven to be an effective leader within many parts of KONE. He has had leadership roles in different functions, businesses and geographies. Ken exemplifies KONE's culture and values and has successfully led many transformations at KONE. With his leadership and our strong team in the Americas, I am confident that we can further strengthen our performance, customer centricity and collaboration in the region," says Henrik Ehrnrooth, President and CEO of KONE.

For more information, please contact:
Susanne Skippari, EVP, Human Resources, KONE Corporation, tel. +358 204 75 4524

About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2019, KONE had annual sales of EUR 10 billion, and at the end of the year approximately 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com

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