Lehto Group Plc: Lehto’s Board of Directors to decrease its remuneration

Lehto Group Plc
Stock exchange release
14 April, 2020 at 9.00 a.m. (EET)

Lehto Group Plc’s Annual General Meeting, held on April 14, 2020 decided on remuneration of Board of Directors.  Now the Board of Directors will, at its own initiative, reduce the remuneration with amount that corresponds with 20% decrease for five months. As the board remuneration includes both share and money components, the reduction is allocated to both components. With this arrangement Board of Directors, for its own part, supports the profitability of the company and participates the same saving measures that the management and operative personnel participates.   

Along with the reduction of Board of Directors’ remuneration, Lehto’s CEO, members of the group executive board and management teams of the service areas are committed to decrease their earnings by 20% for five months. Significant part of Lehto’s office employees are partly or fully temporarily laid off for approximately five months.

Further information:
Veli-Pekka Paloranta
Chief Financial Officer
veli-pekka.paloranta@lehto.fi
+358 400 944 074

Lehto Group PLC:

Lehto is an innovator in the construction sector. We build housing, business premises, care homes and schools. In addition, we carry out pipeline renovations in apartment buildings. Our goal is to transform our industry – to build faster, at a more affordable price and with higher quality. Lehto’s approach to construction is in line with the megatrends in the sector: industrial prefabrication, digitalisation and ecology.