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