Antti Aarnio appointed President and CEO of SATO Corporation, new members join corporate management group

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SATO Corporation
Market press release, December 10, 2021 at 8:30 a.m.

The Board of Directors of SATO Corporation has appointed Antti Aarnio, 49, MSc (Tech.) As President and CEO of SATO effective January 1, 2022. Aarnio has served as Interim President and CEO since December 2020.

In addition, the board of directors appointed three new members to the corporate management group.

Elina Vaurasalo, MSc, has been appointed SATO EVP for Rental Housing Business and a member of the Corporate Management Group effective January 1, 2022. She will report to President and CEO Antti Aarnio. Vaurasalo has been SATO’s Service Director since 2017.

Arto Aalto, BSc (Construction Engineering), EVP, Investments, and Janne Ojalehto, MBA, Chief Commercial Officer, are also appointed to the business management group.

Members of the SATO Corporation business management group as of January 1, 2022:

Antti Aarnio, President and CEO
Arto Aalto, Executive Vice President, Investments
Markku Honkasalo, Chief Financial Officer
Janne Ojalehto, Commercial Director
Elina Vaurasalo, Executive Vice President, Rental Housing Company

For more information please contact:

SATO Corporation

Erik Selin, Chairman, Board of Directors, phone: +46 31 10 95 92
Antti Aarnio, President and CEO, phone: +358 40 164 7052
www.sato.fi

DISTRIBUTION: NASDAQ Helsinki Ltd, Euronext Dublin, main media, www.sato.fi

SATO is one of the leading providers of rental housing in Finland. SATO aims to offer a complete choice of rental housing and an excellent customer experience. At the end of 2020, SATO had nearly 26,800 apartments in Finland’s largest growth centers and in Saint Petersburg.

We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term vision. We increase the value of our real estate portfolio through investments, divestments and repairs.

SATO Group’s net turnover in 2020 was € 303.4 million, operating profit € 179.6 million and profit before tax was € 129.5 million. The value of SATO’s investment properties is around 4.8 billion euros

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