JUSSI KUUTSA TO LEAVE STOCKMANN IN AUTUMN 2010

STOCKMANN plc
Investor News
18.12.2009

JUSSI KUUTSA TO LEAVE STOCKMANN IN AUTUMN 2010

Jussi Kuutsa, Development Director for the Stockmann Group’s international
operations and member of the Group’s Management Committee, has decided to resign
from his present duties in order to take up a post at SRV Group, where he will
be Country Manager, Russia as of 1 August 2010. Stockmann and SRV have agreed
that despite his change of employer, Kuutsa will retain responsibility for the
inauguration of the Nevsky Centre shopping centre and department store property,
which is Stockmann’s major investment project currently under construction in St
Petersburg. The intention is to open the property for commercial use in
mid-November 2010.

STOCKMANN plc

Juhana Häme
Manager, Corporate Communications

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