Administration

Espoon Asunnot is a limited company owned entirely by the City of Espoo. Its control and management are divided between the General Meeting, the Board of Directors and the CEO.

General Meeting

The General Meeting is our supreme decision-making body, in which shareholders exercise decision-making power. The General Meeting selects the members of the Board of Directors and the auditors and approves the financial statements.

According to the Articles of Association, the General Meeting is to be held once a year on a date determined by the Board of Directors, no later than six months after the end of the financial year. The invitation to the General Meeting is delivered in writing no earlier than four weeks and no later than two weeks before the meeting.

Board of Directors

According to the Articles of Association, Espoon Asunnot has a Board of Directors consisting of a chairman, a vice-chairman and five other members, as well as personal deputies elected for all of them. Two of the members of the Board of Directors and their deputies are elected from candidates nominated by the Espoon Asunnot's tenants.

The Board of Directors is responsible for the administration of Espoon Asunnot and the proper organisation of its operations. The Board of Directors directs and monitors the senior management and confirms the company’s strategy. The Board of Directors consists of seven members, two of whom are elected by the residents. The term of office of the Board of Directors is four years.

The financial statements are signed by the Board of Directors

The City of Espoo corporate group guidelines state that the most important subsidiaries of the city must prepare a public summary of Board meetings. We follow the guidelines and publish the summaries of the meetings in the news stream on our website (in Finnish).

CEO

The CEO of Espoon Asunnot is Jaakko Kammonen. He took up the post on 1 January 2018.

Toimitusjohtaja Jaakko KammonenThe CEO is responsible for the company’s business and the achievement of its objectives, as well as its administration in accordance with the Board’s instructions. Espoon Asunnot’s Management Team, supported by the CEO, is responsible for the preparation and implementation of the company’s strategy.

The Deputy CEO is Pirjo Räihä, Director of Housing Development.

Management Team

The Management Team handles all issues related to strategy, budgeting, investments, operational planning and financial reporting. The tasks of the Management Team include implementing the decisions of the Board of Directors under the direction of the CEO. The Management Team does not have any legal or statutory powers; it acts as an auxiliary body to the CEO..

Composition of the Management Team

Composition of the Management Team From left to right: Director of Facilities Management Aki Moilanen, Chief Financial Officer Milla Kalmi, HR Manager Minni Lumme, Director of Customer Relations Juha Heino, Director of Housing Development Pirjo Räihä, Communications Manager Hanna-Maija Loikkanen and CEO Jaakko Kammonen.

From left to right: Director of Facilities Management Aki Moilanen, Chief Financial Officer Milla Kalmi, HR Manager Minni Lumme, Director of Customer Relations Juha Heino, Director of Housing Development Pirjo Räihä, Communications Manager Hanna-Maija Loikkanen and CEO Jaakko Kammonen.

Organisation

Espoon Asunnot employs more than a hundred housing, construction and real estate professionals.

Strategy

Our task is to promote the well-being of our customers and the competitiveness of the City of Espoo.