SRV Group Plc to renew its organisation and Corporate Executive Team

SRV GROUP PLC         STOCK EXCHANGE RELEASE            16 DECEMBER 2019   10.55 EET

SRV Group Plc to renew its organisation and Corporate Executive Team

SRV Group Plc renews its organisation and Corporate Executive Team as of 1 January 2020. The change is part of the recovery programme, announced on 31 October 2019, focusing on organisation and organisational culture reformation, lightening the company’s balance sheet, strengthening cash flow, and cost savings. The change will not affect to the current reporting structure, which consists of Construction and Investments business areas.

“The restructuring of the organisational structure will clarify responsibilities and strengthen the creation of a new operating culture. Our goal is to improve the efficiency and quality of our operations while ensuring our future profitability,” says President and CEO Saku Sipola.

The new organisation consists of four business units and group functions. Business units are Business premises, regional units and infrastructure, Housing, Investments and Operations in Russia and Estonia.

Juha Toimela, who continues as a member of Corporate Executive Team and Executive Vice President, leads Business premises, regional units and infrastructure business unit.

As of 1 January 2020, Lic.Sc. (Tech.) Kim Jolkkonen has been appointed Senior Vice President, Housing business unit and a member of Corporate Executive Team. Jolkkonen, 48, has held project development director position in SRV since February 2019. Prior to that, he has acted as Real Estate Director in Kojamo Plc and CEO in FCG Design and Engineering Ltd.

Jarkko Rantala has been appointed Senior Vice President, Investments business unit. Rantala continues as a member of Corporate Executive Team.

As of 1 January 2020, Jussi Tuisku, BA, eMBA, has been appointed Senior Vice President, Operations in Russia and Estonia and a member of Corporate Executive Team. Tuisku, 52, has an extensive experience in managing business operations in Russia. He has held various management positions in Rautaruukki and YIT Groups in Russia and in Stockmann's Moscow operations.

In the new structure, the Group functions will include the following: strategic project development, finance and administration, legal affairs, communications and marketing, business development and internal services. Timo Nieminen, Executive Vice President, is responsible for the company's strategic project development. In the Group functions will continue Finance and Administration, led by Ilkka Pitkänen, Legal affairs, led by Johanna Metsä-Tokila, and Communications and marketing, led by Maija Karhusaari.

Antti Nummi, Master of Social Sciences, has been appointed Senior Vice President, Business development business unit and a member of Corporate Executive Team as of 1 January 2020. Nummi, 48, has been responsible for development of Energy and lifecycle services in SRV. Prior to that, he has been a management consultant and has held several commercial management positions in Renewable Energy Group Inc. and Neste Corporation.

Kimmo Kurki, BSc. (Eng.) has been appointed Senior Vice President, Internal services business unit and a member of Corporate Executive Team as of 1 January 2020. Kurki, 59, has acted as Director, Technical and internal services units in SRV Construction Ltd. Prior to that, he has held several management positions in production since 1998.

SRV Corporate Executive Team as of 1 January 2020

In the same context, the composition of the SRV Corporate Executive Team changes. New members of Corporate Executive Team are Kim Jolkkonen, Jussi Tuisku, Antti Nummi and Kimmo Kurki.

SRV Corporate Executive Team as of 1 January 2020:

    • Saku Sipola, President and CEO
    • Timo Nieminen, Executive Vice President, Deputy CEO, Senior Vice President, Strategic project development
    • Juha Toimela, Executive Vice President, Senior Vice President, Business premises, regional units and infrastructure
    • Kim Jolkkonen, Senior Vice President, Housing
    • Jarkko Rantala, Senior Vice President, Investments
    • Jussi Tuisku Senior Vice President, Operations in Russia and Estonia
    • Ilkka Pitkänen, CFO
    • Johanna Metsä-Tokila, Senior Vice President, General Counsel
    • Maija Karhusaari, Senior Vice President, Communications and Marketing
    • Antti Nummi, Senior Vice President, Business Development
    • Kimmo Kurki, Senior Vice President, Internal Services

 

For further information, please contact:
Saku Sipola, President & CEO, tel. +358 (0)40 551 5953, saku.sipola@srv.fi 
Ilkka Pitkänen, CFO, tel. +358 (0)40 667 0906, ilkka.pitkanen@srv.fi
Maija Karhusaari, Senior Vice President, Communications and Marketing, tel. +358 (0)45 218 3772, maija.karhusaari@srv.fi

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SRV in brief
SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.

Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in selected growth centres in Finland and Russia. Our revenue in 2018 was EUR 960 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.

SRV - Building for life

 

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