Change in the YIT Management Team

YIT Corporation Stock exchange release 1 April 2022 at 9:05 a.m.

Change in the YIT Management Team

Teemu Helppolainen, Executive Vice President, Housing Russia and the member of YIT Management Team will leave the company. He will continue in his position until the completion of the sale of YIT’s businesses in Russia, which was published earlier today. The completion is estimated to take place during April.

"Teemu Helppolainen played a key role in building the success of YIT's Housing Russia business. Operating in the Russian market required strong strategic and operational capabilities and deep local knowledge. Teemu led the business in an excellent way, maintaining the trust of both customers and staff. I warmly thank Teemu for his long-term commitment to the company," says President and CEO Markku Moilanen.

For further information:
Markku Moilanen, President and CEO, YIT Corporation, media inquiries via Group Communications, tel. +358 44 743 7536,

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media,

YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,000 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.9 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy.