Regulatory press release

KONE Oyj: Changes in the KONE Executive Board

KONE Corporation, stock exchange release, February 5, 2025, at 2:00 p.m. EET

Changes in the KONE Executive Board

Nicolas Alchal has been appointed Executive Vice President, Commercial & Operations as of April 1, 2025. He continues to be part of the KONE Executive Board, reporting to Philippe Delorme, President and CEO. Nicolas will continue in his current role as interim Executive Vice President for KONE's Europe organization, until Karla Lindahl returns from parental leave in late March.

Nicolas succeeds Axel Berkling who has decided to step down from his position as Executive Vice President for Commercial & Operations as of March 31. Following this date, Axel will continue to serve the company as an Executive Advisor until the end of August 2025, after which he will pursue other opportunities outside of KONE.

Kaori Uehigashi has been appointed Executive Vice President, Strategy & Transformation as of early May 2025. She continues to be a member of the Executive Board, reporting to Philippe Delorme, having served as the interim leader for the Strategy & Transformation organization since January 2024.

"I want to thank Axel for his outstanding commitment to KONE over the past 26 years. He has been a member of the KONE Executive Board since 2016, and we have greatly benefited from his extensive business acumen and values-based leadership. I wish him all the best in his future endeavors. I also want to congratulate Nicolas and Kaori and look forward to their continued contributions in driving KONE's strategy forward together with the rest of the Executive Board," says Philippe Delorme, President and CEO.

For further information, please contact:

Kaija Bridger, Executive Vice President, People and Communications, tel. +358 20 4751

Sender:

KONE Corporation
Philippe Delorme
President and CEO

Kaija Bridger
Executive Vice President, People & Communications

About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2024, KONE had annual sales of EUR 11.0 billion, and at the end of the year over 60,000 employees in close to 70 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.