Listing prospectus for YIT’s EUR 100 million secured green notes is available and the amendments to the terms of EUR 100 million green notes 2026 have become effective
OCT. 8, 2007 AT 10:00 CORPORATE RELEASE CHANGES IN THE BOARD/MANAGEMENT/AUDIT
REDIVISION OF TASKS IN YIT'S GROUP MANAGEMENT
The division of tasks in YIT's Group management has been realigned in order to firm up management and strengthen key functions.
CFO Sakari Ahdekivi (44), M.Sc. (Econ.), is responsible for YIT Corporation's accounting and finance functions, investor relations, legal services, human resources administration, internal audit as well as equipment services, insurance services, facility management, logistics and IT. Executive Vice President Sakari Toikkanen (40), Lic. (Tech.), attends to the Group's strategic planning and acquisitions.
Antero Saarilahti (59), Vice President, Administration, M.Sc. (Eng.), focuses on preparatory work on YIT Corporation Board matters and serves as the secretary to the Board. Saarilahti is responsible for the Group's administrative services, strategic personnel planning as well as shop steward and labour market relations at the Group level.
Juha Kostiainen (42), Vice President, Business Development, Ph.D. (Admin.), M.Sc. (Eng.), has been appointed as Vice President, Corporate Communications and Business Development, with Virva Salmivaara (29), M.Sc. (Pol.Sc.), as his deputy. In addition to communications, Kostiainen is responsible for the brand, stakeholder relations as well as the R&D strategy.
Veikko Myllyperkiö (61), M.Sc. (Pol.Sc.), formerly Vice President, Corporate Communications, will focus on the analysis of changes in the Group's business environment and mentoring Corporate Communications. Vice President Myllyperkiö reports to the Vice President of Communications and Business Development.
Ahdekivi, Toikkanen, Kostiainen and Saarilahti report to Group CEO Hannu Leinonen.
The changes in positions come into effect on October 8, 2007.
For additional information, contact: Group CEO Hannu Leinonen, YIT Corporation, tel. +358 20 433 3301
YIT Corporation
Hannu Leinonen Group CEO
Distribution: OMX Nordic Exchange in Helsinki, principal media, www.yitgroup.com