Board of Directors

12.04.2018

The term of office of each Board member, in accordance with the Articles of Association, is three years with the term starting at the close of the General Meeting electing the member (11 April 2018) and expiring at the close of the third Annual General Meeting after the election (in 2021).

Chair (Chair of the Remuneration Committee)
Esa Kiiskinen, b. 1963, Business College Graduate.
Independence: He is considered by the Board not to be independent of the Company (chain agreement) but to be independent of its significant shareholders.

Domicile: Helsinki, Finland.
Principal occupation: Food retailer.
Main employment history: K-food retailer since 1990.
Main positions of trust: Taaleri Plc: member of the Board 2014-; Confederation of Finnish Industries EK: Chair of the Delegation for Entrepreneurs 2012-2014; Confederation of Finnish Industries EK: Vice-Chair of the Board 2012-2014; Finnish Family Firms Association: member of the Board 2011-2012; The Foundation for Vocational Training in the Retail Trade: Chair of the Board 2008-2012; Saija ja Esa Kiiskinen Oy: Chair of the Board 1995-; Finnish Commerce Federation: member of the Board 2008-2012; K-Retailers' Association: Chair of the Board 2008-2012; Vähittäiskaupan Tilipalvelu VTP Oy: member of the Board 2008-2012.
Board member since: 30 March 2009.
Kesko shares held:
31 December 2016: a total of 107,350 A shares held by him and entities controlled him.
31 December 2017: a total of 107,350 A shares held by him and entities controlled him.

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Deputy Chair (Deputy Chair of the Remuneration Committee)
Peter Fagernäs, b. 1952, Master of Laws.
Independence: He is considered by the Board to be independent of the Company and of its significant shareholders.

Domicile: Helsinki, Finland.
Principal occupation: Chairman of the Board
Main employment history: Hermitage & Co Oy: Chairman of the Board 2003-, Pohjola Group Plc: Chairman of the Board 2001–2003, Conventum Ltd: CEO 1996-1999 and Chairman of the Board 1999-2002, Merita Bank Ltd: member of management board 1995-1996, Prospectus Ltd: CEO 1993-1995, Kansallis-Osake-Pankki: 1977-1993.
Main positions of trust: Oy Hermitage Ab: Chairman of the Board 2003–, Taaleri Plc: Chairman of the Board 2007-, Amanda Capital Plc: member of the Board 2007–2011, Winpak Ltd: member of the Board 2006–2011, Fortum Corporation: Chairman of the Board 2004-2009.
Board member since: 11 April 2018.
Kesko shares held: None (as at 8 January 2018)

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Jannica Fagerholm, b. 1961, Master of Science (Economics).
(Chair of the Audit Committee)
Independence: She is considered by the Board to be independent of the Company and of its significant shareholders.

Domicile: Helsinki, Finland.
Principal occupation: Managing Director.
Main employment history: Signe and Ane Gyllenberg Foundation: Managing Director 2010-; SEB Gyllenberg Private Bank: Managing Director 1999-2010; Handelsbanken Liv Finland: Country Director 1998-1999.
Main positions of trust: Sampo plc: member of the Board 2013-; Teleste Corporation: member of the Board 2013-; Kelonia Ab, member of the Board 2010-; Veritas Pension Insurance, member of the Supervisory Board 2010-; The Society of Swedish Literature in Finland, member of the Board 2015-, member of the Financial Board 2001-2015; Eira Hospital Ltd: member of the Board 2010-; Hanken School of Economics: member of the Board 2008-; Aktia Abp: member of the Board 2012-2013; Partiosäätiö foundation: member of the Board 1997-2013.
Board member since: 4 April 2016.
Kesko shares held:
31 December 2016: None.
31 December 2017: None.

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Piia Karhu, b. 1976, Doctor of Science, Economics and Business Administration.
(member of the Audit Committee)
Independence: She is considered by the Board to be independent of the Company and of its significant shareholders.

Domicile: Kauniainen, Finland.
Principal occupation: Senior Vice President
Main employment history: Finnair Plc: Senior Vice President, Customer Experience and member of the Executive of Executive Board since 2016. Various leadership positions at Finnair Plc since 2013. Previously worked as a management consultant for 12 years at Ernst & Young and Capgemini.
Main positions of trust: Finnair Kitchen Ltd: Chairman of the Board 2017-, Finnair Travel Retail Oy: Chairman of the Board 2016-, SMT Oy: member of the Board 2015-2016, Finnair Aircraft Finance Ltd: member of the Board 2015-2016.
Board member since: 11 April 2018.
Kesko shares held: None (as at 4 January 2018)

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Matti Kyytsönen, b. 1949, Master of Science (Economics).
(Deputy Chair of the Audit Committee, member of the Remuneration Committee)
Independence: He is considered by the Board to be independent of the Company and of its significant shareholders.

Domicile: Helsinki, Finland.
Principal occupation: Silverback Consulting Oy: Chair of the Board.
Main employment history: ISS Palvelut Oy: Managing Director 1992-2006; Esselte Oy: Managing Director 1984-1992; Oy Perkko: Managing Director 1983-1984; Tietoura-Yhtiöt Oy: Marketing Director 1981-1983; Oy Foto-Nyblin Ab: Finance and Marketing Manager 1977-1981; Insinööritoimisto Oy Vesto: Accounting Manager 1974-1976; Oy Mobil Oil Ab: Financial Analyst 1973-1974.
Main positions of trust: Eltel AB: member of the Board 2007-2017; Lindström Invest Oy: member of the Board 2009- and Chair of the Board 2017-; KP Tekno Oy: member of the Board 2006-; Port of Helsinki Ltd: member of the Board 2015-; Esperi Care Oy: member of the Board 2008-2016; Oy Center-Inn Ab: member of the Board 2007-2012; Kiinteistöpalvelut ry: Chair of the Board 1996-2001 and 2005-2006; Palvelutyönantajat ry: member of the Board 1996-2001; Confederation of Finnish Industries (EK): member of the Board 2005-2006; The Unemployment Insurance Fund: member and Chair of the Supervisory Board 1999-2006; Varma Mutual Pension Insurance Company: member of the Supervisory Board 1998-2006.
Board member since: 13 April 2015.
Kesko shares held:
31 December 2016: a total of 995 Kesko B shares held by him.
31 December 2017: a total of 995 Kesko B shares held by him.

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Matti Naumanen, b. 1957, trade technician.
Independence: He is considered by the Board not to be independent of the Company (entity controlled by him has a chain agreement with a Kesko Group company) but to be independent of its significant shareholders.

Domicile: Joensuu, Finland.
Principal occupation: Retailer.
Main employment history: K-retailer since 1982.
Main positions of trust: The K-Retailers’ Association’s Agricultural and Building and Home Improvement Retailers’ Club: Chair of the Board 2009-2016. Former positions of trust: The K-Retailers’ Association: member of the Board 2009-2016; registered association Nurmeksen Yrittäjät: Chair of the Board; registered association Joensuun Yrittäjät: Chair of the Board.
Board member since: 4 April 2016.
Kesko shares held:
31 December 2016: a total of 20,064 A shares held by him and entities controlled by him.
31 December 2017: a total of 20,064 A shares held by him and entities controlled by him.

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Toni Pokela, b. 1973, Retailer, EMBA.
Independence: He is considered by the Board not to be independent of the Company (chain agreement) and of significant shareholders (Chair of the Board of a significant Company shareholder, the K-Retailers’ Association).

Domicile: Helsinki, Finland.
Principal occupation: Food retailer.
Main employment history: K-food retailer since 1997.
Main positions of trust: Pokela Oy Iso Omena: member of the Board and Managing Director 1998-; Iso Omenan Yrittäjäyhdistys ry: Chair of the Board 2003-; Foundation for Vocational Training in the Retail Trade: Chair of the Board 2016-; Finnish Commerce Federation: member of the Board 2017-; Confederation of Finnish Industries EK: member of the Skilled Workforce Committee 2014-2016, member of the Delegation for Entrepreneurs 2017-; K-Retailers' Association: Chair of the Board 2016-, member of the Board 2008-2012; Chairman of the Finnish Tennis Federation 2017-, board member of the Finnish Tennis Federation 2014-2016; K-instituutti Oy: Deputy Chair of the Board 2010-2012; Vähittäiskaupan Takaus Oy: member of the Board 2010-2012; K-Food Retailers' Club: Chair of the Board 2010-2012; Deputy Chair 2008-2010; Finnish Grocery Trade Association: member of the Board 2010-2011.
Member of the Board since: 16 April 2012.
Kesko shares held:
31 December 2016: a total of 179,400 A shares held by entities controlled by him.
31 December 2017: a total of 179,400 A shares held by entities controlled by him.

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