Kojamo plc Appoints Reima Rytsölä as New President and CEO

Reima Rytsölä Takes the Helm at Kojamo

In a significant leadership shift, Kojamo plc has confirmed the appointment of Reima Rytsölä as President and CEO, effective from June 1, 2025. The decision, backed by the company's Board of Directors, comes as Kojamo seeks to enhance its strategic direction in the residential property sector. Rytsölä succeeds Erik Hjelt, who will continue to serve as the interim CEO until the new CEO assumes his position.

Reima Rytsölä brings with him a wealth of experience from various leadership roles within the financial and investment sectors, specializing in real estate investments. Prior to joining Kojamo, he held the position of CEO at Solidium, a notable investment company. His career also includes pivotal roles within Varma, where he served as deputy CEO overseeing investments, and several key positions at OP Financial Group. Notably, he has been a part of Kojamo's Board of Directors from 2014 to 2023, which further enhances his familiarity with the company’s operations and strategic goals.

Mikael Aro, the Chairman of the Board of Kojamo plc, expressed optimism regarding Rytsölä's appointment, stating, "The company's goal is to maintain a strong financial position and create better conditions to respond to the changed market conditions. We believe that Reima Rytsölä's strong expertise and experience in key areas for Kojamo will bring the necessary long-term strategic understanding and ability to advance Kojamo's goals of providing sustainable urban living in good locations."

In his first public comments following his appointment, Reima Rytsölä conveyed gratitude towards the Board of Directors for the opportunity. "I would like to warmly thank Kojamo's Board of Directors for the opportunity to join in developing Finland's largest private residential real estate company and its well-known Lumo brand to become an increasingly desirable choice for the customers. I am excited to advance the excellent business operations focused on Kojamo's apartments and related services together with Kojamo's skilled personnel," he remarked.

Kojamo is positioned as Finland's leading private residential real estate company and operates the well-known Lumo brand, which focuses on providing high-quality, environmentally friendly housing solutions. The company is dedicated to enhancing the value of its properties by not only developing new projects but also improving its existing portfolio. Kojamo aims to be the frontrunner in the property market while establishing itself as the number one choice amongst customers seeking urban living solutions.

Kojamo's commitment to creating sustainable urban housing aligns with broader trends in the residential market, where demand for quality living spaces continues to soar. Rytsölä's expertise in investment and strategic planning is expected to be instrumental in advancing the company’s mission and objectives.

With the real estate landscape continually evolving, the appointment of Reima Rytsölä marks a pivotal moment for Kojamo as it prepares to navigate future challenges and opportunities in the housing sector. The company is determined to leverage Rytsölä's insights and leadership to strengthen its market position and fulfill its vision of greater urban living solutions for Finnish residents.

For further inquiries or details, interested parties can reach out to Mikael Aro, Chairman of the Board of Directors, via Kojamo's Executive Assistant Outi Komi. Kojamo's shares are publicly traded on Nasdaq Helsinki, marking its significance as a key player in the Finnish investment landscape.