Hannu Lokka appointed SRV Group Plc’s Executive Vice President, Strategic Project Development

SRV GROUP PLC     STOCK EXCHANGE RELEASE     20 DECEMBER 2022      9:00 EET

Hannu Lokka appointed SRV Group Plc’s Executive Vice President, Strategic Project Development

Construction Engineer Hannu Lokka, 59, has been appointed SRV Group Plc's Executive Vice President, Strategic Project Development and a member of the Management Team as of 16 January 2023. In September, SRV announced that the company's current Executive Vice President, Strategic Project Development, Deputy to CEO Timo Nieminen, will retire by the end of January 2023.

Lokka has most recently served as a founding partner and Chairman of the Board of Realidea Oy, a consulting company focusing on project and property development and the management of the design and implementation phases of construction projects, among others. Prior to this, he has worked for example as the CEO and partner of the construction company Jatke Oy and at YIT Plc in various management positions, such as project development director of CSF business area.

"The role of strategic project development is significant in improving the profitability of SRV's future business. Our goal was to find the best expertise in the country to continue Timo's work, so that we can continue to create value as a partner for cities and our customers," says Saku Sipola, President and CEO of SRV. ”Hannu has decades of experience in project and urban development. I believe that thanks to his long and diverse experience, extensive networks and innovative project development vision, he has a lot to contribute to the position."

"The saying a rolling stone gathers no moss is concretized for me now in a nationally significant vantage point. After five rewarding years as a consultant, it is great to return to the construction company for more concrete project development and construction projects. I am looking forward to January, when I will be able to continue the strategic project development outlined by Timo Nieminen, whom I appreciate, as part of the company's professional personnel," Hannu Lokka says.
 

For further information, please contact:
Saku Sipola, President & CEO, tel. +358 (0)40 551 5953, saku.sipola@srv.fi
 

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SRV in brief

SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes into consideration the wellbeing of both the environment and people. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2021, our revenue totalled EUR 932.6 million. In addition to about 1,000 SRV employees, we have a network of around 3,600 partners.

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