LAURI VEIJALAINEN APPOINTED AS DEVELOPMENT DIRECTOR FOR THE STOCKMANN GROUP’S INTERNATIONAL OPERATIONS

STOCKMANN plc
Company Announcement
19.3.2010 at 9.00

LAURI VEIJALAINEN APPOINTED AS DEVELOPMENT DIRECTOR FOR THE STOCKMANN GROUP’S
INTERNATIONAL OPERATIONS

Mr. Lauri Veijalainen, currently working as the CFO for IKEA Russia and CIS, has
been appointed as new Development Director for the Stockmann Group’s
international operations and member of the Group’s Management Committee as from
1 August 2010. The present Development Director for the Group’s international
operations, Mr. Jussi Kuutsa, will take up the position of Country Manager,
Russia, at SRV Group as from 1 August 2010. Mr. Veijalainen has long-standing
experience and extensive knowledge of operations in the Russian market. Before
his present position, he has worked as the Financial and Administrative Director
for Skanska’s Moscow unit.

The central tasks of the Development Director for the Stockmann Group’s
international operations comprise the responsibility for the Group’s
administration in Russia and coordination of business locations between the
Group’s divisions. Mr. Veijalainen will report to Stockmann’s CEO, Hannu
Penttilä.

STOCKMANN plc

Hannu Penttilä
CEO

DISTRIBUTION
NASDAQ OMX
Principal media