“YIT's business is based on sustainable urban development. In addition to construction, the company emphasizes the growth of property investments and services business in its strategy. Lately, the Business premises segment has faced significant profitability challenges. The main priorities of a future CEO will be implementing strategy, ensuring operational efficiency and promoting customer oriented and inclusive culture in rapidly changing markets,” says Harri-Pekka Kaukonen, Chairman of the Board of Directors of YIT.

Kauniskangas has held the position of President and CEO since 2013. He previously served as Segment Head of International Construction Services and Deputy CEO of YIT Corporation in 2008–2013.

“I want to thank Kari Kauniskangas for his long-standing contribution to the company. YIT has undergone a significant change in recent years. Kari has done uncompromising and committed work with the extensive integration following the Lemminkäinen merger and selling YIT’s Nordic paving and mineral aggregates businesses. YIT is a stable and strong company, and a pioneer in its field. Kari’s deep industry knowledge and inspirational leadership were instrumental in achieving great changes,” says Harri-Pekka Kaukonen.

Marko Oinas, VP, Strategy and Development of Housing Finland and CEE segment at YIT, is appointed as EVP of the segment and member of the Management Team while Antti Inkilä serves as interim President and CEO.