Change to YIT Corporation's Management Board – Juha Kostiainen nominated as a member of Group Management Board

YIT Corporation Stock Exchange Release on September 26, 2016 at 1:40 p.m.

YIT Corporation's Board of Directors has today nominated M.Sc. (Tech.), D.Sc. (Adm.) Juha Kostiainen (51), as a member of Group Management Board at YIT as of October 1, 2016. He will take the lead and responsibility of sustainable urban development operations. He reports to the President and CEO Kari Kauniskangas. Previously, Kostiainen has had several positions within YIT in 2001–2008, and onwards from 2012.  During his career, Kostiainen has also worked in Finnish Innovation Fund (Sitra), and as the director of economic development of the city of Tampere.  

“In YIT’s renewed strategy, urban development will be the engine for growth. The nomination of Juha Kostiainen strengthens the implementation of our strategy. He has a significant role in innovating and developing upcoming major real estate development projects. In addition to that, leading the Regenero collaboration is on his responsibility”, Kari Kauniskangas says.   

Juha Kostiainen’s CV and photo will be available on the company's website: http://www.yitgroup.com/YIT_GROUP/Investors/Corporate-Governance/management-board 

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi 

YIT CORPORATION

Hanna Jaakkola
Vice President, Investor Relations

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com 

YIT creates sustainable cities and better living environment by developing and constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com