SRV Group announces upcoming appointment of Saku Sipola to its Board of Directors as next CEO

– FINLAND, Espoo –  SRV Group Plc (HEL: SRV1V) today announced that its Board of Directors has appointed Tech Saku Sipola as President and CEO of SRV Group Plc. He will start in his role at a later specified date, latest on 1 January 2020.

Sipola joins SRV from SATO Corporation, where he has worked as the President and CEO since 2015. Prior to that Sipola, 50, has worked as President and CEO of Pohjolan Design-Talo Oy, director at Rautaruukki Corporation and held various management positions with YIT Group.

”SRV is known as a skilled builder of demanding projects, and the company has around 50 ongoing projects in growth centers, for example, Finavia T2 terminal, Bridge Hospital in Helsinki, Hospital Nova in Jyväskylä, Hospital TAYS Etupiha in Tampere, several schools and housing, and naturally Tampere Arena. Sipola’s experience and skill set give him excellent requirements to continue developing SRV further. The company wants to be the best in its field, the best developer of urban city centers, housing producer and innovative forerunner. The Board of Directors is pleased that Sipola accepted the challenge and we wish him warmly welcome to the SRV team,” says Ilpo Kokkila, Chairman of the Board of SRV Group Plc.

”SRV’s challenges are widely known and the company needs a clear turnaround and new thinking. On the other hand, the company has a lot of expertise and strengths to build on its future. I am excited to start renewing SRV together with its’ personnel, customers and partners,” states Saku Sipola, the future President and CEO.

About SRV

SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centers, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work come across in every encounter. Sustainability is reflected in all our activities.

Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in selected growth centers in Finland and Russia. Our revenue in 2018 was EUR 960 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.

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