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- Stock Exchange Release
- 17.12.2008 11:30 CET
YIT GROUP'S BUSINESS SEGMENT STRUCTURE AND COMPOSITION OF MANAGEMENT BOARD WILL BE AMENDED
DECEMBER 17, 2008 at 12:30 COMPANY RELEASE
YIT GROUP'S BUSINESS SEGMENT STRUCTURE AND COMPOSITION OF MANAGEMENT BOARD WILL BE AMENDED
YIT Group's business segment structure as well as the composition of the Group's management board will be amended as of beginning of 2009.
YIT's current business segments Building Systems and Industrial Services will merge to Building and Industrial Services business segment. The other two business segments of YIT Group are Construction Services Finland and International Construction Services.
YIT Group's management board will consist of Juhani Pitkäkoski, President and CEO of YIT Corporation and head of Building and Industrial Services business segment, Kari Kauniskangas, Deputy CEO of YIT Corporation and head of International Construction Services business segment, Tero Kiviniemi, head of Construction Services Finland business segment, Arne Malonaes, head of Norwegian company and person responsible for development in building systems, Pekka Frantti, head of industrial services, Sakari Ahdekivi, CFO, Christel Berghäll, Senior Vice President, Human Resources, Sakari Toikkanen, Senior Vice President, Business Development, and as secretary Antero Saarilahti, Senior Vice President, Administration.
The purpose of the changes is to focus the Group management close to the operative business and emphasize the business segments' role as a response to the changes in the business environment.
For additional information, contact: President and CEO Juhani Pitkäkoski, YIT Corporation, phone: +358 20 433 3301
Attachment: Segment information 1-9/2008
YIT CORPORATION
Juhani Pitkäkoski President and CEO
Distribution: NASDAQ OMX, principal media, www.yitgroup.com