CEO and Group Management

As Lehto stated in the stock exchange release published on February 15, 2024, as part of the corporate restructuring proceedings Lehto plans to divest its whole construction business and any holdings related thereto and reviews options to expand to new business areas and acquire new business.

In the current situation, Lehto Group Oyj (“Lehto”) does not have activities that would require group executive board in its previous scope, and Lehto has decided to terminate the group executive board for the time being.

Matti Koskela, the manager responsible for the Premises and Apartments business, and Matti Kuronen, the manager responsible for the wooden construction business, who previously worked in the group executive board, will no longer continue with Lehto. Other persons who previously worked in the group executive board continue to work for Lehto.

The company’s CEO is Juuso Hietanen. No replacement has been named for him.

The CEO is in charge of the day-to-day management of the
company in accordance with the instructions and orders
issued by the Board of Directors. The CEO is responsible
for ensuring that the Company’s accounting practices are
in compliance with the law and that the financial matters
are organised in a reliable manner. The CEO has a duty to
provide the Board of Directors and its member(s) with any
information that the Board of Directors may need in order
to see to its duties.

The CEO may undertake measures that are unusual
or extensive, considering the scope and nature of the
Company’s operations, only with the authorisation of
the Board of Directors or if it is not possible to wait for a
decision of the Board of Directors without causing essential
harm to the Company’s operations. In the latter case, the
Board of Directors shall be notified of the measures as soon
as possible.