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YIT Oyj: Change to YIT Corporation's management board - Esa Neuvonen nominated as YIT's CFO

YIT Corporation Stock Exchange Release September 5, 2016 at 12.15 p.m.

YIT Corporation's Board of Directors has today nominated M.Sc. Econ.
Esa Neuvonen (49), as YIT Corporation's new Chief Financial Officer
and member of the management board. He reports to the President and
CEO Kari Kauniskangas. Mr. Neuvonen will start in his new position by
the end of the year. Esa Neuvonen is currently the CFO at Sato
Corporation. Before joining Sato he worked for TeliaSonera in several
positions, including Sonera's CFO.

"Esa Neuvonen is an experienced CFO who also has knowledge of the real
estate business. His expertise combines all those capabilities that
we need in our company's financial operations over a longer time
span," says Kari Kauniskangas.

The current CFO Timo Lehtinen leaves the company. "Timo Lehtinen has
had a significant role at YIT Corporation concerning the demerger,
the balance sheet consolidation, and recent financial arrangements.
Together, we have agreed that at the beginning of a new three-year
strategy period it is an opportune moment for a change of CFO. I want
to thank Timo for his contribution to the company," adds Kari

Ari Ladvelin, Director, Internal audit, will act as YIT's interim CFO
until Esa Neuvonen takes up his position at YIT.

Esa Neuvonen's CV and photo will be available on the company's website

For further information, please contact:

Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 40
570 1313 (http://tel:+358%2040%20570%201313)


Kari Kauniskangas
President and CEO

Distribution: NASDAQ Helsinki, major media,

YIT creates sustainable cities and better living environment by
developing and constructing housing, business premises,
infrastructure and entire areas. We focus on providing a first-class
customer experience, high quality and continuous development of our
diverse expertise. Our operating area covers Finland, Russia, the
Baltic countries, the Czech Republic, Slovakia and Poland. In 2015,
our revenue amounted to nearly EUR 1.7 billion, and we employ about
5,300 employees. Our share is listed on Nasdaq Helsinki.


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