YIT appoints Juha Kostiainen as Senior Vice President of Urban Development and Corporate Relations

YIT APPOINTS JUHA KOSTIAINEN AS SENIOR VICE PRESIDENT OF URBAN DEVELOPMENT AND CORPORATE RELATIONS

YIT Group has appointed Juha Kostiainen, 47, as Senior Vice President, Urban Development and Corporate Relations. The position has a strong focus on the development of urban environments and residential construction. Kostiainen will also be responsible for stakeholder relations at YIT.

Kostiainen holds a Master of Science in Engineering and a Doctor of Administrative Sciences. He serves as adjunct professor of strategic urban development at the University of Tampere. Kostiainen held various managerial positions at YIT between 2001 and 2008. Since 2008, he has worked for the Finnish Innovation Fund Sitra.

Kostiainen will assume his duties at YIT on November 1, 2012. He will join the Group Management Board and report to Juhani Pitkäkoski, President and CEO of YIT Group.

For additional information, please contact: 

Juhani Pitkäkoski, President and CEO, YIT Corporation, tel. +358 20 433 3301, juhani.pitkakoski@yit.fi

YIT CORPORATION

Hanna-Maria Heikkinen
Vice President, Investor Relations

Distribution: NASDAQ OMX, principal media, www.yitgroup.com

YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. We have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2011, YIT’s revenue was approximately EUR 4.4 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com