Saku Sipola appointed President and CEO of SATO Corporation

Saku Sipola, M.Sc. (Tech), aged 47, has been appointed new President and CEO of SATO Corporation. He will take up the position later in the year on a date to be announced. Current President and CEO Erkka Valkila will retire at the end of the year. His employment was extended by two years in 2013 when he reached contractual retirement age.

Sipola comes to SATO from the position of CEO of Pohjolan Design-Talo Oy, where he has served for some four years. Previously, he has also been director at Rautaruukki Corporation and held management positions with YIT Group.

Esa Lager, Chairman of the Board of SATO:

- Under Erkka Valkila, SATO has grown into a major housing investment company while also delivering excellent financial performance. Going ahead, profitable growth and improved customer experience will remain our goals.

- Saku Sipola has solid management and leadership experience as well as a proven track record of delivering results. I believe that SATO will further solidify its standing as a leading housing investment company under the leadership of Sipola in cooperation with our highly skilled staff.

Saku Sipola:

- SATO is an outstanding company and the demand for its services is supported by intense urbanisation. This provides the framework for sound financial performance also in the future. I am excited at the chance to work together with SATO employees and to take the company further in a rapidly evolving environment.

For more information please contact:
Esa Lager, Chairman of the Board, phone +358 40 506 5929
Saku Sipola, phone +358 40 551 5953

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Photo of Saku Sipola