YIT - Company Announcement

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

Helsinki, Finland, 2013-03-15 12:10 CET (GLOBE NEWSWIRE) -- 



YIT CORPORATION         STOCK EXCHANGE RELEASE             MARCH 15, 2013 AT
1:10 P.M. EET 



YIT Corporation's Board of Directors held its organizational meeting on March
15, 2013. In the meeting the Board decided on the composition of the Personnel
Committee, Audit Committee as well as the Working Committee. 


From among its number, the Board elected Henrik Ehrnrooth as chairman and Kim
Gran and Reino Hanhinen as members of the Personnel Committee. The Personnel
Committee prepares, among other things, proposals for the development of the
Group's corporate culture and HR policy, remuneration and incentive schemes,
the rules for performance bonuses, and the bonuses paid to the management. In
addition, identifying talents, the development of key personnel, and planning
for management replacements fall under the preparation responsibility of the
Committee. 


From among its number, the Board elected Michael Rosenlew as chairman and Satu
Huber and Erkki Järvinen 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 tasks include overseeing the financial reporting
process of the company, effectiveness of internal control, internal audit and
risk management systems as well as monitoring and assessing the audit. 


In addition, the Board elected Henrik Ehrnrooth as chairman and Reino Hanhinen
and Michael Rosenlew as members of the Working Committee. The tasks of the
Working Committee include addressing of matters related to business development
and preparing proposals for the Board of YIT. The Working Committee addresses
matters related to Group strategy, business segment structure, business
organisation and significant investments. 




For additional information, please contact:



Juhani Pitkäkoski, President and the CEO, YIT Corporation, tel. +358 20 433
3301, juhani.pitkakoski@yit.fi 





YIT CORPORATION



Hanna-Maria Heikkinen

Vice President, Investor Relations



Distribution: NASDAQ OMX, principal media, www.yitgroup.com





YIT is an established European service company in building systems and
construction as well as in industrial sectors. More than 25,000 of our
professionals serve clients in 14 countries in the Nordic countries, Central
Europe, Russia and the Baltic countries. We have grown over the last hundred
years with our clients and developed our services as the communities
surrounding us have changed. We intend to continue following the same path. Our
vision is to be the pioneer in creating and sustaining a healthy living
environment. YIT's net sales amounted approximately to EUR 4.7 billion in 2012.
YIT's share is listed on Nasdaq OMX Helsinki. www.yitgroup.com