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KESKO CORPORATION STOCK EXCHANGE RELEASE ... - Euroland

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4<br />

The new Articles of Association approved by Kesko´s<br />

Extraordinary General Meeting held on 30 October 2000 were<br />

entered in the Trade Register on 1 January 2001. The entry into<br />

force of the new Articles of Association also started the term<br />

of the Board members elected by the Extraordinary General<br />

Meeting. Their term will expire at the close of the Annual<br />

General Meeting in 2003.<br />

Kesko’s Board of Directors elected Matti Kallio as its Chairman<br />

and Keijo Suila as its Deputy Chairman at the Board meeting held<br />

on 3 January 2001. Other Board members are Kesko’s President and<br />

CEO Matti Honkala, B.S. (Econ.); Eero Kasanen, Dr.Sc. (Econ.);<br />

Maarit Näkyvä, M.Sc. (Econ.); Kalevi Sivonen, retailer; Heikki<br />

Takamäki, retailer; and Jukka Toivakka, retailer.<br />

On 1 January 2001, a Corporate Management Board was established<br />

in the Kesko Group. Its members represent the company’s<br />

operating management. President and CEO Matti Honkala acts as<br />

the Board’s Chairman, and the other members appointed are<br />

Kalervo Haapaniemi, Matti Halmesmäki, Erkki Heikkinen, Juhani<br />

Järvi, Matti Laamanen, Riitta Laitasalo and Jouko Tuunainen.<br />

Acting in accordance with a previously decided plan, Kesko<br />

Corporation transferred its foods and home and speciality goods<br />

businesses to its wholly-owned subsidiaries, Kesko Food Ltd and<br />

Keswell Ltd respectively, on 1 April 2001. Kalervo Haapaniemi<br />

was appointed President of Kesko Food, responsible for the foods<br />

trade, and Matti Laamanen the President of Keswell Ltd,<br />

responsible for the home and speciality goods trade.<br />

It is planned that two new subsidiaries, responsible for the<br />

hardware and builders’ supplies trade and the agricultural and<br />

machinery trade, will be formed on 1 October 2001.<br />

Personnel<br />

The Group’s average number of employees in the review period was<br />

10,928 (10,543), divided by division as follows:<br />

average average<br />

1-3/2001 1-3/2000 31.3.2001<br />

Kesko Food 4,887 4,672 6,293<br />

Rautakesko 1,173 688 1,295<br />

Keswell 2,453 2,749 3,202<br />

Kesko Agriculture and 668 627 718<br />

Machinery<br />

VV-Auto 110 103 113<br />

Kaukomarkkinat 841 757 875<br />

Others 796 947 860<br />

Total 10,928 10,543 13,356

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