Change in the YIT Management Team

YIT Corporation  Stock Exchange Release  30 April 2021 at 8:45 a.m.

Change in the YIT Management Team

YIT Corporation's Board of Directors has appointed Ilkka Tomperi (45, Ph.D., Finance) as Executive Vice President of Partnership Properties segment and a member of the Group Management Team. He shall take over his position at the beginning of August 2021.

Ilkka Tomperi is currently working as an Investment Director, Head of Real Estate at Varma Mutual Pension Insurance Company. Prior to Varma, he has worked for CapMan, Franklin Templeton Investments and the State Pension Fund of Finland, among others. 

“We want to create more value in YIT by growing the share of self-developed and longer value chain projects in our portfolio. Property investments and services are a core part of our business model: co-ownership allows us to successfully start and carry out large commercial development projects, the services increase property incomes as well as the value of properties. Ilkka Tomperi has an outstanding experience in property development and managing successfully property investment portfolios. I am sure that under his leadership we will significantly develop our Partnership Properties business. I warmly welcome Ilkka to the company and to the leadership team of YIT”, says Markku Moilanen, President and CEO of YIT.

“I am really excited to take over this position at YIT. In addition to construction, the company emphasises the growth of property investments and services business in its strategy and it has taken an active role as a developer of sustainable urban environments but also as a property investor. It is a great opportunity to lead and develop Partnership Properties segment in this situation”, says Ilkka Tomperi.

Timo Lehmus will continue as the interim Executive President of Partnership Properties segment until the end of July, and thereafter, he will continue his position as SVP, Development director of Partnership Properties segment.

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

Tommi Järvenpää
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, 

YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy.