YIT Corporation's Board of Directors decided the composition of its committees

YIT Corporation's Board of Directors held its organizational meeting on April 3, 2025. In the meeting, the Board decided on the composition of the Audit Committee and the Personnel Committee as well as the Investment and Project Committee.

From among its number, the Board elected Jyri Luomakoski as chairperson and Anders Dahlblom, Sami Laine and Leena Vainiomäki as members of the Audit Committee. The Audit Committee assists the Board of Directors in the supervision of the Group's reporting and accounting processes. Its duties include overseeing the financial reporting process of the company and the effectiveness of internal control, internal audit and risk management systems, in addition to monitoring and assessing the audit. The committee participates in the preparation of the Group's financing policy, financing plan and financing arrangements. In addition, the committee reviews the financial statements and interim and half-year reports, assesses compliance with laws and regulations, and monitors the audit and the Group's financial situation.

From among its number, the Board elected Kerttu Tuomas as chairperson and Jyri Luomakoski and Leena Vainiomäki as members of the Personnel Committee. The task of the Personnel Committee is to assist the Board of Directors in matters related to the appointing and rewarding key personnel. Its duties include preparing proposals for the development of corporate culture and personnel policy and terms of remuneration and incentive schemes, as well as the performance bonus rules and performance bonuses for the management. The committee oversees the talent identification process, key personnel development, and succession planning for the management, in addition to preparing the remuneration policy and the remuneration report for governing bodies.

From among its number, the Board elected Casimir Lindholm as chairperson and Anders Dahlblom and Sami Laine as members of the Investment and Project Committee. The Investment and Project Committee discusses and prepares for the Board of Directors significant tenders, property development projects, plot and area project investments and divestments, acquisitions, disposals and equity investments. It also monitors the related portfolios, financial reporting and risk management.

For further information:
Juha Jauhiainen, Corporate General Counsel, YIT Corporation, tel. +358 40 725643,  juha.jauhiainen@yit.fi

YIT Corporation

Tuomas Mäkipeska
CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

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