Hannu Penttilä to continue as Stockmann’s CEO

Helsinki, Finland, 2012-04-27 07:10 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Stock Exchange Release 27.4.2012 at 8:10 EET

Stockmann plc’s CEO Hannu Penttilä is, under his current CEO agreement, entitled to retire in April 2013 when he turns 60. Mr. Penttilä will not exercise this entitlement but will continue as CEO from April 2013 onwards under an agreement that remains valid until further notice.

Further information:
Christoffer Taxell, Chairman of the Board of Directors, tel. +358 40 501 1255

www.stockmanngroup.fi

STOCKMANN plc

Christoffer Taxell
Chairman of the Board of Directors

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