CEO and Group Management

The CEO is in charge of the day-to-day management of the Company in accordance with the Companies Act and 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 with any information that they may need in order to see to its duties.

The CEO is supported by the Lehto Group’s executive board which supports the CEO in duties falling within the CEO´s authorization, as well as their implementation and monitoring, particularly as regards business development, financing, asset management, internal control and risk management.

Hannu Lehto


b. 1963, Finnish citizen
Construction engineer

Hannu Lehto has been the Company´s CEO since 2014, and before that he was CEO also in 2008–2013. Lehto is the Company’s founding shareholder, and he has also functioned as the Chairman of the Board of Directors in 2008–2014. In 2014–2016, he was a member of the Board of Directors. Lehto became the Company’s shareholder through an arrangement in which the Company, in connection with its establishment, bought the entire share capital of the construction company Rakennusliike Lehto Oy. Hannu Lehto has worked in Rakennusliike Lehto Oy since its foundation in 1985, when he and Tapio Mustonen established a limited partnership by the name Rakennusliike Mustonen & Lehto Ky.

Positions of trust

Lehto Oyj (previously Päätoimija Plc), Chairman of the board 2008–2014, member of the board 2014–2016

Veli-Pekka Paloranta

Chief Financial Officer

b. 1972, Finnish citizen
Master of Science in Economics

Veli-Pekka Paloranta has been the Company’s Chief Financial Officer since November 2015. In 2010–2015, he was the CFO of Bittium Oyj (former Elektrobit Oyj), in addition to which he has served as Chairman of the Board of several subsidiaries of Elektrobit Group.

Positions of trust

Member of the Board of Bittium Corporation
Arkkitehtitoimisto Jorma Paloranta Oy, Chairman of the board

Juha Höyhtyä

EVP, Housing
b. 1965, Finnish Citizen
M.Sc. (Civil Eng.), MBA

Mr Juha Höyhtyä has a long experience of construction business. He has served altogether 24 years in Lemminkäinen in Finland as well as abroad. Previously he has acted as CEO of Telinekataja Oy, in which position he worked for approximately four years.

Jaakko Heikkilä

EVP, Business Premises
b. 1971, Finnish Citizen
Master of Civil Engineering

Jaakko Heikkilä has served Lehto Group since the year 2011. He has worked as area manager, business director and deputy managing director of Lehto’s subsidiary Rakennusliike Lehto. Previously he has worked in construction sector for Finnish Defence Administration and National Board of Customs. In addition to these he has worked in leading positions in various production tasks in building sector.

Timo Reiniluoto

EVP, Business Support Services
b. 1966, Finnish Citizen
Master of Science in Civil Engineering, Hanken MBA in Real Estate Financing

Timo Reiniluoto has served since 2014-2017 as CEO of Lehto’s subsidiary Rakennusliike Lehto Oy. He has 30 years’ experince in various tasks in building sector, for example as EVP and SVP for Skanska. He has also ten years’ working experince from Russia. In addition to these Reiniluoto acted as board member of Oy Lautex Ab during the years 2006 – 2013.

Arto Tolonen

Chief Development Officer, CDO
s. 1966, Finnish Citizen
Master of Science

Previously Tolonen has worked in various leadership positions in Nokia Networks for a development of business processes, product development, productization and product data management globally. In the University of Oulu, Tolonen established a new research and education stream for product management for faculty of technology, industrial engineering and management research unit within the last five years.

Kaarle Törrönen

Vice President, Human Resources
b. 1966, Finnish Citizen
General Staff Officer

Kaarle Törrönen has served as Vice President, Human resources since 2018. Previously he has worked over 33 years in leading HR positions in The Finnish Defence Forces.

Jukka Haapalainen

EVP, Factory Production
b. 1975, Finnish Citizen
Master of Science

Mr Haapalainen has nearly 20 years of experience in versatile and demanding industrial development and management roles. Most recently he has worked for Nestor Cables Oy and Eastman Chemical Company.

Antti Asteljoki

Chief Commercial Officer
b. 1974, Finnish citizen
M.Sc. (Econ.)

Antti Asteljoki has wide experience in real estate sector and he has worked in management position in various companies since 2004. Most recently he has worked in SATO Corporation as Executive Vice President, Housing Business.