Tokmanni Group Corporation: Mika Rautiainen appoin

TOKMANNI GROUP CORPORATION         COMPANY ANNOUNCEMENT 24 July 2017 08.30 EET

Mika Rautiainen appointed CEO of Tokmanni Group Corporation

The Board of Directors of Tokmanni Group Corporation has appointed M.Sc. (Econ) Mika Rautiainen (54) as CEO of Tokmanni Group Corporation. He will start in this position in January 2018, at the latest. 

Mika Rautiainen joins Tokmanni from Kesko Group where he has held several managerial positions since 1988. In his current position, which he has held since 2013, he is Vice President Store operations for Kesko Grocery Trade. In this position Mika Rautiainen has been responsible for, among others, managing digital services in the grocery trade, managing concepts, store management and training, as well as new business areas.

"We are very pleased to appoint Mika Rautiainen as Tokmanni's new CEO. Mika has wide-ranging leadership and development experience and strong evidence of strategic competence and successful implementation of major change projects. In addition he also has a track record of building and developing online and digital services in the retail environment. Mika's competence and capabilities will bring us significant added value in the implementation of our strategy and in developing a modern, omni-channel discount retailer", says Harri Sivula, Chairman of the Board of Directors at Tokmanni. 

Harri Sivula has acted as Interim CEO since June 2017 and will continue in this role until Mika Rautiainen assumes his duties as CEO. 

Mika Rautiainen's picture and resumé are attached to this release.

Tokmanni Group Corporation

Board of Directors

For further information, please contact:

Harri Sivula, Interim CEO, Chairman of the Board Tel. +358 50 656 92 Harri.sivula@tokmanni.fi

Joséphine Mickwitz, Head of IR and Communications Tel. +358 20 728 6535 josephine.mickwitz@tokmanni.fi

Tokmanni in brief Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2016, Tokmanni's revenue was EUR 776 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 162 stores across Finland as at 31 December 2016.

Distribution: Nasdaq Helsinki Ltd      Main news media                      

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...34dd3f9c17