The Extraordinary General Meetings of the Division Boards of Directors of Kesko Food Ltd, Rautakesko Ltd and Kesko Agro Ltd today elected Matti Halmesmäki, M.Sc. (Econ.), LL.M., as the Chairman of their Boards, and Keswell Ltd's Extraordinary General Meeting elected him as a Board member and the Chairman of the Board, as from 1 March 2005, the day on which he assumes office as Kesko Corporation's Managing Director and Kesko Group's President and CEO.
According to Kesko Group's corporate governance statement, Kesko's President and CEO acts as the Chairman of the Division Boards of Directors of Kesko Food Ltd, Rautakesko Ltd, Kesko Agro Ltd and Keswell Ltd. The Extraordinary General Meetings of the companies made no other changes to the companies' Boards.
The most important duties of the subsidiary Boards include defining the company strategy, operating plan and budget, and making decisions on investments, company acquisitions and contingent liabilities within the limits determined by Kesko Corporation's Board of Directors. The Kesko Group consists of the parent company Kesko Corporation and its subsidiaries.
The compositions of the Division Boards of Directors elected by the Annual General Meetings of the subsidiaries held on 26 March 2004 were published on the same day in a stock exchange release. The compositions of the Boards can be read on Kesko's Internet pages at www.kesko.fi > Group > Administration and management.
Further information is available from Erkki Heikkinen, Senior Vice President, Corporate Communications, tel. +358 1053 22721.
KESKO CORPORATION
Corporate Communications
Corporate Communications
Erkki Heikkinen
Senior Vice President
Senior Vice President
DISTRIBUTION
Helsinki Stock Exchange
Main news media
Helsinki Stock Exchange
Main news media