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Kesko

#2088

Rank

$7.47B

Marketcap

FI Finland

Country

Kesko
Leadership team

Mr. Mikko Helander M.Sc., M.Sc. (Eng.) (Chairman of the Group Management Board, Pres, CEO & MD)

Mr. Jukka Erlund eMBA, M.B.A., M.Sc., M.Sc. (Econ.) (CFO, Exec. VP & Member of Group Management Board)

Mr. Ari Akseli M.Sc. (Econ.) (Pres of Grocery Trade & Member of Group Management Board)

Products/ Services
Retail, Trading Platform
Number of Employees
1,000 - 20,000
Headquarters
Helsinki, Southern Finland, Finland
Established
1940
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
KESKOA.HE
Social Media
Overview
Location
Summary
Kesko Oyj engages in the grocery trading business in Finland. It operates through Grocery Trade, Building and Technical Trade, and Car Trade segments. The company's Grocery Trade segment is involved in the wholesale and B2B trade of groceries; and the retail sale of the home and specialty goods. This segment operates approximately 1,200 K-food stores, including K-Citymarket, K-Supermarket, K-Market, and Neste K. Its Building and Technical Trade segment engages in the retail, wholesale, and B2B trade of building and home improvement, and electrical and HEPAC products, as well as trades in leisure goods. This segment operates retail store chains under the K-Rauta, K-Bygg, Byggmakker, and Onninen names, as well as leisure goods trade chains under the Intersport and Budget Sport names in Finland, Sweden, Norway, and the Baltic countries. The company's Car Trade segment imports, markets, and retails Volkswagen, Audi, SEAT, CUPRA, Bentley, and Porsche passenger cars, as well as Volkswagen and MAN commercial vehicles in Finland. This segment is also involved in car leasing activities; and the provision of repair and maintenance, spare parts, and accessories services, as well as charging network for electric vehicles under the K-Charge name in Finland. Kesko Oyj was founded in 1940 and is headquartered in Helsinki, Finland.
History

Kesko was formed when four regional wholesaling companies that had been founded by retailers were merged in October 1940.

The new Kesko company started operating at the beginning of 1941. The need to purchase goods for the shareholder-retailers and to support their business operations and start cooperation among them resulted in the forming of the K-retailer group.

By the end of the 1940s, Kesko's sales amounted to about 15 billion old Finnish markkas , which was about 12% of the overall sales of the central companies operating in the Finnish trading sector.

Mission
Kesko’s mission is to create innovation and values in the lives of its customers and to secure the future of its stakeholders.
Vision
Kesko envisions a world of connected customers and services, where retailing is easy and intuitive, creating a better customer experience.
Key Team

Mr. Matti Antero Mettala (Exec. VP of HR & Member of Group Management Board)

Mr. Jorma Rauhala (Pres of Building & Technical Trade, Deputy CEO and Member of Group Management Board)

Ms. Karoliina Partanen (EVP of Communications, Brand & Stakeholder Relations and Member of Management Board)

Mr. Matti Virtanen M.Sc., M.Sc. (Eng.) (Pres of Car Trade & Member of Management Board)

Ms. Riikka Joukio eMBA, M.Sc. (Tech.) (Exec. VP of Sustainability & Public Affairs and Member of Group Management Board)

Mr. Arto Hiltunen eMBA, M.Sc., M.Sc. (Econ.) (Chief Information Officer & VP of IT Management)

Ms. Hanna Jaakkola M.Sc.BA. (VP of Investor Relations)

Recognition and Awards
Kesko has won various awards for its sustainability initiatives, such as the Nordic Council of Ministers’ Sustainability Award, the WWF Business and Biodiversity Award and the Ekologisti Prize. It was also named one of the World’s Best Employers in 2020 by Fortune.
References
Kesko
Leadership team

Mr. Mikko Helander M.Sc., M.Sc. (Eng.) (Chairman of the Group Management Board, Pres, CEO & MD)

Mr. Jukka Erlund eMBA, M.B.A., M.Sc., M.Sc. (Econ.) (CFO, Exec. VP & Member of Group Management Board)

Mr. Ari Akseli M.Sc. (Econ.) (Pres of Grocery Trade & Member of Group Management Board)

Products/ Services
Retail, Trading Platform
Number of Employees
1,000 - 20,000
Headquarters
Helsinki, Southern Finland, Finland
Established
1940
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
KESKOA.HE
Social Media