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 http://aineistopankki.kesko.fi.
Further information is available from President and CEO Matti Halmesmäki, Kesko Corporation, tel. +358 1053 22201.
Vice President, Corporate Communications
NASDAQ OMX Helsinki
Main news media
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