YIT CORPORATION STOCK EXCHANGE RELEASE CHANGES IN MANAGEMENT
NOV 20, 2008 AT 9:00
JUHANI PITKÄKOSKI APPOINTED AS THE PRESIDENT AND CEO OF YIT CORPORATION
The Board of Directors of YIT Corporation has today appointed Juhani Pitkäkoski
(50), LL.M., as the President and CEO of YIT Corporation. He is the President of
YIT's largest business segment Building Systems and has been employed by YIT
Corporation since 1988. Kari Kauniskangas (34), M.Sc. (Eng.), B.Sc. (Econ.) has
been appointed as Executive Vice President and Deputy to the President and CEO.
He will continue as head of International Construction Services business segment
and he has been employed by YIT Corporation since 1997. The appointments are
effective immediately.
The purpose of the Board of Directors' decision 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.
The former President and CEO Hannu Leinonen will resign from YIT Corporation.
Additional information:
Reino Hanhinen, The Chairman of the Board of Directors,
+358 20 433 2453
The press conference
is held in Helsinki at 1.00 p.m., at Unioninkatu 14, in a
cabinet in the basement.
Attachment:
CVs of Juhani Pitkäkoski and Kari Kauniskangas
YIT CORPORATION
Juha Kostiainen
Senior Vice President, Corporate Communications and Business Development
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT is a successful European service company in building systems, construction
services and services for industry. We build, develop and maintain quality
living environments in Nordic countries, Russia, Baltic countries and Central
Europe. In 2007, YIT's revenue amounted to EUR 3.7 billion. YIT's share is
listed on OMX NASDAQ Helsinki Ltd. www.yitgroup.com
