Changes in Kesko's Corporate Management Board

KESKO CORPORATION STOCK EXCHANGE RELEASE 5.2.2013 AT 09.15 1(1) Arja Talma, M.Sc. (Econ.), eMBA, 50, has been appointed Senior Vice President responsible for the Kesko Group's store sites and capital expenditures. Terho Kalliokoski, M.S. (Econ.), 51, has been appointed Rautakesko Ltd's President. Jorma Rauhala, M.Sc. (Econ.), 47, has been appointed Kesko Food Ltd's President. Arja Talma has been a member of the Corporate Management Board since 2005, first as Kesko Corporation's CFO and from 2011, Rautakesko Ltd's President. At the end of 2012, the capital in real estate owned by Kesko was €1.4 billion and lease liabilities were €2.3 billion, and the total area of store sites owned and leased by Kesko was approximately 4.1 million square metres. In the next five years, Kesko's capital expenditures will total approximately €1.0-1.5 billion, especially in Russia. Terho Kalliokoski has been a member of the Corporate Management Board and Kesko Food Ltd's President since 2005, before which he was Kesko Corporation's Vice President for Real Estate. In 2012, the net sales of the building and home improvement trade were €2,827 million, Rautakesko is the fifth largest building and home improvement trade chain in Europe and it operates in eight countries. In Finland, the K-rauta, Rautia and K-maatalous retailers with their personnel are responsible for the operations of the building and home improvement stores and the agricultural stores. Jorma Rauhala is Vice President for the K-citymarket chain's food trade, before which he was Kespro Ltd's Managing Director starting from 2007. Rauhala joined the Kesko Group in 1992. In 2012, the net sales of the food trade were €4,311 million. More than 900 K-food retailers are responsible for serving K-food store customers in Finland. In 2012, Kesko Food expanded its operations into Russia. Starting from 5 February 2013, Kesko's Corporate Management Board is composed of Matti Halmesmäki, Chair; Jorma Rauhala, food trade; Minna Kurunsaari, home and speciality goods trade and Kesko's customer information and e-commerce projects; Terho Kalliokoski, building and home improvement trade; Pekka Lahti, car and machinery trade; Arja Talma, store sites and capital expenditure; Jukka Erlund, CFO, accounting, finance and IT management; and Matti Mettälä, human resources and stakeholder relations. Photos of the members of the Corporate Management Board can be downloaded from Further information is available from President and CEO Matti Halmesmäki, Kesko Corporation, tel. +358 1053 22201. Kesko Corporation Merja Haverinen Vice President, Corporate Communications DISTRIBUTION NASDAQ OMX Helsinki Main news media This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kesko Oyj via Thomson Reuters ONE [HUG#1675446]