Company
We create better urban living
Company
Lumo Homes plc is Finland’s largest residential real estate company and a bold innovator in urban living. Our homes are located in the largest growth centres, with excellent transport connections and diverse services nearby. We invest in sustainable, modern and digital solutions that make life in a rental home smooth and flexible. We create better urban living by delivering the best customer experience.
Strategy
Our strategic focus areas
- Seamless customer journey enabled by data, technology and AI
- A truly customer-centric portfolio renewal and growth
- The most capable and dynamic organisation in the industry
- Industry leading operational excellence
- Strong contribution to sustainable urban living
Values
Our values
Our operations are strongly based on our values.
Happy to serve
Our service is high-quality, professional, friendly and respectful of the customer. We want to listen to and understand the customer and solve the customer’s needs. We treat and serve each person as an individual. We earn our customers’ trust each day.
Strive for success
We want to always do things better, achieve results and accomplish our goals. We bear responsibility for our work and we take pride in our results. We value each other’s expertise and we work together. We encourage each other. We recognise each other’s strong performance. We keep our promises.
Courage to change
We have an open-minded attitude towards change. We dare to look for new ideas and best practices by challenging conventional ways of working. Development includes experimentation and we are not afraid to try new things. We learn from our mistakes. We are also a pioneer in the use of new technologies. Renewal requires that we continuously learn new things.
Management team
CEO
The CEO is responsible for the company’s business in general and the achievement of objectives, as well as the company’s governance in accordance with the Board of Directors’ instructions.
Reima Rytsölä
CEO
Reima Rytsölä
CEO
b. 1969
Finnish citizen
M.Soc.Sc., CEFA, AMP
Rytsölä has been the CEO of Lumo (previously Kojamo) since June 2025. Before this, Rytsölä worked as the CEO of Solidium in the years 2022-2025. Rytsölä worked in Varma Mutual Insurance Company as the Chief Investment Officer in the years 2014-2022. He also worked e.g. at OP Financial Group in various managerial and investment-related positions in 1998-2013.
Accounting, Financing and Administration
The Finance department produces the financial management and financing services required in the steering of the Group’s business operations. The department consists of the financing, Group reporting and financial services units.
Erik Hjelt
CFO
Erik Hjelt
CFO
b. 1961, Finnish citizen
Licentiate in Laws, eMBA
Hjelt has been the CFO and Deputy to CEO of Lumo (previously Kojamo) since 2015. He was the Interim CEO between November 2024 and June 2025. Previously, Mr. Hjelt has acted at Sponda Plc as the Chief Financial Officer (CFO) in 2009–2015 and Senior Vice President for Legal Affairs and Treasury, in 2007–2009. He has also acted at Kapiteeli Plc as Senior Vice President for Finance and Legal Affairs, HR and Communications in 1999–2006.
People, Brand and Sustainability
The People, Brand and Sustainability function is responsible for leading and developing the company’s human resources, brand, communications and sustainability.
Katri Viippola
Executive Vice President, People, Brand and Sustainability
Katri Viippola
Executive Vice President, People, Brand and Sustainability
b. 1976, Finnish citizen
MA, eMBA
Viippola has been Executive Vice President, People, Brand and Sustainability of Lumo (previously Kojamo) since October 2025. Previously, Ms. Viippola has acted at as the CEO of Suomalainen työ (Finnish work) and Avainlippu Oy in 2023–2025. She has also worked in various managerial positions in Mutual Pension Insurance Company Varma in 2016–2023 and in Keva in 2013–2015.
Investments and Portfolio Management
The Investment function is responsible for the portfolio management and profitability of our assets, real estate transactions, development and refurbishment projects, as well as energy management.
Ville Raitio
Executive Vice President, Investments and Portfolio Management
Ville Raitio
Executive Vice President, Investments and Portfolio Management
b. 1978
Finnish citizen
M.Sc. (Econ), EMBA
Raitio has been the Executive Vice President, Investments and Portfolio of Lumo (previously Kojamo) since 2019. Mr. Raitio has previously been, among others, Co-Head of Direct Property, Nordics and Country Head, Finland at Aberdeen Standard Investments in 2013–2019. Before that, he was Partner, Investments at ATP Real Estate from 2007 to 2013 and Research Director at INREV from 2004 to 2007, among others.
Housing
Housing is responsible for redeeming the customer experience both in its own operations (renting, property management and customer service) and those implemented by partners.
Janne Ojalehto
Executive Vice President, Housing
Janne Ojalehto
Executive Vice President, Housing
b. 1982
Finnish citizen
MBA
Ojalehto has been the Executive Vice President of Housing at Lumo (previously Kojamo) since 2023. Previously, Ojalehto has worked as the commercial director of SATO Corporation, responsible for sales, marketing, communication and the development of the digital commercial environment in the years 2018-2022. Before this, he has worked at Restel in the years 2015-2018 e.g. as sales director and in various other management positions in 2007-2015.
Data and Technology
The Data and Technology function is responsible for company’s data and analytics solutions as well as its technological solutions. Its objective is to ensure efficient, strategy-aligned business operations and to develop customer-centric digital services.
Tuomas Kaulio
Executive Vice President, Data and Technology, CTO
Tuomas Kaulio
Executive Vice President, Data and Technology, CTO
b. 1978
Finnish citizen
M.Sc. (Tech.)
Kaulio has served as Lumo’s (previously Kojamo’s) Chief Technology Officer since 2023 and as a member of the Management Team since July 2025. Previously, Mr. Kaulio worked as the CIO of Finnvera Oyj from 2013 to 2023 and as the IT Director at the TeliaSonera Group from 2013 to 2023. Before that, he held various management and development positions within the TeliaSonera Group from 2000 to 2009.
Operating environment
As Lumo operates in the residential real estate sector, the company is affected particularly by the situation in the residential property market and development in Finnish growth centres. The company is also affected by macroeconomic factors, such as economic growth, employment, disposable income, inflation, regional population growth and household sizes.
Value creation model
We create better urban living by providing value to our customers, owners, other stakeholders, and the wider community through our Lumo homes and housing services.
Company history
Our company’s history dates back to the 1960s. Here are some highlights along the way.
Years 1969–2026
2026 – Company name changes to Lumo Kodit Plc
2022 – First skyscraper rental building built
2019 – Launch of the My Lumo service
2018 – Company listed on Nasdaq Helsinki
2017 – Company name changes to Kojamo Plc
2015 – First online marketplace for rental apartments
2014 – Launch of the Lumo brand
2001 – Company becomes a public limited company
1997 – Company becomes a limited company
1970 – First rental buildings completed
1969 – Company founded
Kuluttajille
Lumo – Simply the right home
You know what your perfect home is made of. Find it easily in our online store – or let us help you find a place where you’ll truly feel at home.