Proposal of Toivo Group's Shareholders’ Nomination Board for a New Member of the Board of Directors
Toivo Group Plc – Company release
15 June 2022 at 8:30 a.m.
Toivo Group Plc's (”Toivo” or the ”Company” ) shareholders’ Nomination Board (”Nomination Board”) proposes to the Extraordinary General Meeting that Jonna Toikka is elected as a new member of the Company's Board of Directors. Toikka has multifaceted experience in digital marketing and sales duties in both global and domestic business environments and she has specialized in the growing market of online advertising, and therefore Toikka would strengthen Toivo’s board work particularly in the aforementioned areas.
Jonna Toikka, MSc (Econ), has served as the Country Lead of Google Ads in Finland since 2019, where she is the business owner for Google Ads Sales in Finland. She has also served as the Industry Head of Google Finland in 2011–2019. Prior to working at Google, she has held various management positions in tourism and advertising companies during 2001–2011. Toikka has also been the Chair of the Board of the Finnish Marketing Association (MARK) in 2017–2019 and member of the Board of IAB Finland in 2010–2011.
Toikka has given her consent to the election. Toikka is independent from the Company and its major shareholders.
The notice to the Extraordinary General Meeting where Toikka’s election is resolved upon will be published on or about 30 June 2022 at the latest.
Toivo Group Plc
The Board of Directors
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
Certified Adviser: Danske Bank A/S, Finland branch, +358 (0)50 575 4422
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of developing apartment lots, constructing housing and ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of residential real estate with its own team, from raw land development to renting apartments. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop apartments in accordance with the Toivo concept. The apartments aim for a strong development margin and a stable and attractive return, and this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience.
Toivo’s revenue in 2021 was EUR 13.6 million and its operating profit was EUR 15.8 million.