SATO Oyj - Company Announcement

Organizational meeting of SATO Corporation Board of Directors

Helsinki, Finland, 2015-03-03 12:57 CET (GLOBE NEWSWIRE) -- SATO Corporation,
Stock Exchange Release, 3 March 2015 at 13:57 

On 3 March 2015, the annual general meeting of SATO Corporation elected Esa
Lager to serve as Chairman of the Board. 

At its organizational meeting also held on 3 March 2015, the Board elected from
among its number Jukka Hienonen to serve as Deputy Chairman. 

The Board appointed Esa Lager to chair the Nomination and Remuneration
Committee and Andrea Attisani and Jukka Hienonen to serve as Committee members. 

The Board appointed Ilkka Tomperi to chair the Audit Committee. Tarja
Pääkkönen, Niina Rajakoski and Timo Stenius were appointed to serve as
Committee members. 


For more information please contact:

Erkka Valkila, President and CEO, phone +358 201 34 4001 or +358 50 62 050


www.sato.fi


SATO is one of Finland's leading corporate investors in housing. SATO's aim is
to offer comprehensive alternatives in rental housing and an excellent customer
experience. All told, SATO holds roughly 24,200 rental homes in Finland's
largest growth centres and in St Petersburg. 

In our operations, we promote sustainable development and initiative-taking,
and work in open interaction with our stakeholders to create added value. We
operate profitably and with a long-term view. We increase the value of our
housing property through investments, divestments and repair work. 

SATO Group's net sales in 2014 were €312.3 million, operating profit €191.3
million and profit before taxes €152.2 million. SATO's investment properties
have a value of roughly €2.5 billion.