Change in the YIT Management Team

YIT Corporation Stock exchange release 30 July 2021 at 8:45 a.m.

Change in the YIT Management Team

YIT Corporation's Board of Directors has appointed Tuomas Mäkipeska (43, M.Sc. in Economics) as YIT’s Chief Financial Officer and a member of the Group Management Team. He shall take over his position latest at the beginning of February 2022.

Tuomas Mäkipeska is currently working as the Senior Vice President of Facility Services division at Lassila & Tikanoja Plc. Prior to his current position, he worked as the Group CFO, as well as Interim CEO of Lassila & Tikanoja Plc.

“I am very pleased to welcome Tuomas to the YIT Group Management Team. Tuomas has wide understanding of the role of finance as an enabler for a successful organisation. He has an extensive track record of delivering high-performing results both in business and in finance. CFO is wingman for a CEO. With his strategic capability, leadership and energy, I am confident that he will become a key contributor to the overall success of YIT in the future. I warmly welcome Tuomas Mäkipeska to YIT”, says Markku Moilanen, President and CEO of YIT.

“I am excited to join the YIT Group. YIT is a great company and its mission - Creating better living environments - inspires me personally. I am committed to contribute to the performance and risk management of the company to create even more successful YIT in the coming years”, says Tuomas Mäkipeska.

The YIT Group’s current CFO Ilkka Salonen has requested to leave YIT to focus on Board membership and advisor roles in the future. He will continue as the CFO of YIT until Tuomas Mäkipeska joins the company.

“I want to give my warm thanks to Ilkka Salonen for his work as a CFO at YIT and Lemminkäinen. Ilkka has had a key role in the integration process of the two companies. As a result, the balance sheet of YIT has been strengthened and financing of the company is secured for years to come. Ilkka is a highly respected colleague at YIT. I wish him all the best in his future endeavours”, says 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 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.