KONE appoints Michelle Wen Executive Vice President, Procurement and member of the Executive Board

KONE Corporation, stock exchange release, June 3, 2025 at 10:00 a.m. EEST

KONE appoints Michelle Wen Executive Vice President, Procurement and member of
the Executive Board

Michelle Wen has been appointed Executive Vice President, Procurement and a
member of the KONE Executive Board (EXB), effective August 1, 2025. In this new
EXB role, Michelle will report to Philippe Delorme, President & CEO of KONE.

Michelle has held several global leadership positions in procurement,
purchasing, supply chain, and supplier quality across various industries in
Europe, Asia and the United States. From 2017 to 2022, she was with Stellantis
Corporation, most recently as Chief Global Purchasing and Supply Chain Officer.
Earlier, she has worked at companies such as Vodafone, Vallourec, Alstom
Transport, Renault Nissan, and Philips Car Systems. Currently, Michelle is a
Member of the Board at Georg Fischer Ltd. Michelle holds a Bachelor's degree in
English literature and international trade from American Christ's College and an
MBA from ESCP Business School. She has also studied economics and accounting at
the London School of Economics and executive management at INSEAD and Wharton.

“With our new strategy, Rise, we have set a high ambition for ourselves. We have
exciting growth opportunities especially in service and modernization. At the
same time, we aim to cut down our own emissions and help our customers
decarbonize. With dedicated leadership and increased focus on procurement, we
can further fuel our growth and deliver on our goals. I am delighted to welcome
Michelle to the KONE Executive Board. Michelle is a visionary leader with a
strong track record in driving operational excellence and people development”,
Philippe Delorme says.

For further information, please contact:
Kaija Bridger, Executive Vice President, People and Communications, tel. +358 20
4751

Sender:
KONE Corporation
Philippe Delorme
President and CEO
Kaija Bridger
Executive Vice President, People & Communications

About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the
elevator and escalator industry, we move two billion people every day, making
their journeys safe, convenient, and reliable with smart and sustainable People
Flow®. In 2024, KONE had annual sales of EUR 11 billion, and at the end of the
year over 60,000 employees in close to 70 countries. KONE class B shares are
listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com