YIT takes significant steps in Russia to reduce capital and enhance profitability according to its strategy
- Stock exchange release
Investment and Project Committee for YIT’s Board of Directors
YIT Corporation Stock Exchange Release December 19, 2018 at 5.30 p.m.
The Board of Directors of YIT Corporation has decided to establish a new Investment and Project Committee.
The newly established committee reviews and prepares for the Board of Directors’ decision, inter alia, significant tenders, projects and investments as well as monitors portfolio development, reporting and risk management.
Members of the Investment and Project Committee are Eero Heliövaara (chairman), Harri-Pekka Kaukonen and Kristina Pentti-von Walzel. The members are nominated after the establishment of the committee, and thereafter the election will take place at the Board meeting following the General Meeting. The new committee will begin its work on January 1, 2019.
After the establishment of the Investment and Project Committee, YIT’s Board of Directors have three committees: Personnel Committee, Audit Committee as well as Investment and Project Committee.
For further information, please contact:
Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 40 570 1313, email@example.com
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 566 6070, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com