Mikko Teittinen appointed Kauko-Telko Oy's President

Executive Vice President Mikko Teittinen, 39, technician, has been appointed Kauko-Telko Oy's new President with effect from 1 March 2007. The present President Ralf Klärich, 55, will leave the company at his own request.

Mikko Teittinen has been Kauko-Telko Oy's Executive Vice President since 1 October 2006. Previously he has held many different positions in Kauko-Telko, including Senior Vice Presidency, and has also been the Deputy Managing Director and Business Development Director in the subsidiary Telko Oy.

Ralf Klärich was appointed Kauko-Telko's President on 1 October 2005 to implement a fundamental change in the company's focus from consumer trade to international technical trade. Now that the change strategy, organisational reforms and a new corporate culture have been adopted Ralf Klärich has decided to leave the company.

Kauko-Telko Oy is part of the Kesko Group and engages in international technical trade. Kauko-Telko operates in the Nordic and Baltic countries, Poland, China and Russia. Its most important products include industrial raw materials, raw materials and machines for the baking industry, packaging systems, industrial machines and equipment, electronics, and related services and concept solutions.

Further information is available from Juhani Järvi, Corporate Executive Vice President, Kesko Corporation, tel. +358 1053 22209.

Kesko is the most versatile provider of trading sector services in the Baltic Sea area. In close cooperation with retailers and other partners it produces retail and wholesale services that are highly valued by customers. Kesko operates in Finland, Sweden, Norway, Estonia, Latvia, Lithuania and Russia.