Sitowise Group Plc Stock Exchange Release 12.4.2023 09.00 am EEST English translation. 

Change in Sitowise's Group Management Team

Timo Palonkoski resigns from his position as Business Area Director of Buildings business area and as a member of the Group Management Team. Jan Tapper, Business Unit Director of special design services, temporarily takes over the business area director’s tasks as of 1.5.2023.

Timo Palonkoski has been in his position since September 2018. Previously he worked at Wise Group Finland Oy, a company preceded Sitowise, since 2012.

– Timo has had a diverse career at Sitowise and he has played an important role in the Group's turning points in recent years, such as the merger of Sito and Wise, several acquisitions and the company's IPO process. The post-corona years have been challenging for the Buildings business area due to market uncertainties, but we have managed to grow during challenging times, strengthen our special services, expand our customer base, and renew the organization to support nationwide cooperation. From here we continue developing the business area, and I would like to thank Timo for his committed work for Sitowise's success, says CEO Heikki Haasmaa.

Jan Tapper, who will take over the interim duties of the business area director, has been with the company since 2013. He has previously worked as a Business Unit Director of MEP engineering and special design services. He has also been responsible for the Buildings business area's acquisitions.

The recruitment process for a new Business Area Director has been started.

Additional information:

Heikki Haasmaa, CEO, Sitowise Group Oyj, +358 50 304 7765


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Information about Sitowise:

Sitowise is a Nordic expert in the built environment with strong focus on digitality. We provide design and consulting knowhow to enable more sustainable and smarter urban development as well as smooth transportation. Sitowise offers services related to real estate and buildings, infrastructure, and digital solutions both in Finland and in Sweden. Global megatrends drive huge changes that require a re-evaluation of the smartness in the built environment – therefore we have set our vision to be Redefining Smartness in Cities. The Group's net sales were EUR 204 million in 2022 and the company employs more than 2,200 experts. Sitowise Group Plc is listed on Nasdaq Helsinki under the trading symbol SITOWS.