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 terminated the group executive board for the time being.
The company’s CEO is Juuso Hietanen until 30 April 2024. No replacement has been named for him.
The company’s board has appointed board member Hannu Lehto as CEO as of 1 May 2024. Hannu Lehto will continue in the board member role in addition to assuming his duties as the CEO.
Juuso Hietanen, born 1977, has been the Company’s CEO from May
2021. Hietanen was Bonava Finland’s CEO prior to joining the Company. Prior to that, he held management positions in housing production at NCC since 2004 in Finland, Russia, and the Baltic countries. Juuso Hietanen holds the degree of M.Sc. (Eng.).
Hannu Lehto is the Company’s founding shareholder and has been the Company’s CEO from 2008 to 2013 and from 2014 to May 2021. Furthermore, he has previously been a member of the Board of Directors and the Chairman of the Board of Directors. Hannu Lehto has been involved in operation on the Company’s and its subsidiaries for over 35 years. Lehto holds the degree of Construction engineer.
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.