Katri Innanen returns to SATO as General Counsel
4 May 2016
SATO Corporation, Changes board/management/auditors, 4th May 2016 at 2:00 pm
SATO has appointed Katri Innanen, LL.M, as the new General Counsel of the company. She will begin in her new role during the summer. Reporting to President and CEO Saku Sipola, the General Counsel also serves as the secretary of the Board of Directors of the Group.
Innanen joins SATO from SRV where she served as General Counsel since 2008. Prior to that, she had been Head of Legal Affairs at SATO since 1999.
SATO's President and CEO Saku Sipola:
- Our operating environment is undergoing constant changes as regards issues including the diversification of financing solutions and the regulation governing our sector. The larger property development projects and transactions also call for extensive knowledge of the legal aspects of our business. Katri has an excellent knowledge of the regulatory environment and law relevant to our company and sector and has years of experience in our sphere of operation. It's a great pleasure to welcome Katri back to SATO.
Riitta Salo will begin in new duties as SATO's Chief Compliance Officer and will also be responsible in particular for expert duties relating to legislation governing subsidies under Housing Finance and Development Centre of Finland (ARA) schemes as well as other legal issues relating to our business. Salo will continue as SATO's Corporate Counsel until Innanen begins in the role.
For more information please contact:
Saku Sipola, President and CEO, phone +358 40 551 5953
SATO is one of Finland's leading rental housing providers. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. All told, SATO holds roughly 23,400 rental homes in Finland's largest growth centres and in St Petersburg.
In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. *We operate profitably and with a long-term view.*We increase the value of our housing property through investments, divestments and repair work.
SATO Group's net sales in 2015 were €323.4 million, operating profit €196.5 million and profit before taxes €159.4 million. SATO's investment properties have a value of roughly €2.8 billion.