Change in the YIT Management Team

YIT Corporation Stock Exchange Release August 15, 2018 at 12:00 noon

Jan Gustafsson, Executive Vice President, Strategy and Development, has announced to resign from the company to work for another employer.

Jan Gustafsson will continue in his position until the end of October 2018. His duties will be shared among other members of the YIT Management Team. There will not be any other changes in the composition of the management team.

"Jan Gustafsson has played an important role in the merger of YIT and Lemminkäinen and building the new YIT. I want to thank Gustafsson for his significant contribution to the company", says Kari Kauniskangas, President and CEO.

For further information, please contact:

Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 50 560 0855


Kari Kauniskangas
President and CEO

Distribution: NASDAQ Helsinki, major media,

YIT is the biggest construction company in Finland and a major player in Northern Europe. We construct and develop apartments, business premises and entire residential areas. Furthermore, we are specialists in infrastructure construction and paving. Together with our customers, our 10,000 professionals create increasingly functional, appealing and sustainable cities and living environments. We have operations in 11 countries: Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was created by the merger of YIT Corporation and Lemminkäinen Corporation, both over 100 years old, on February 1, 2018. In 2017, our pro forma revenue amounted to over EUR 3.8 billion. YIT Corporation’s share is listed on Nasdaq Helsinki.