Corporate governance
CEO
The Board of Directors appoints the CEO and the Deputy CEO. The CEO is responsible for the running administration of the Company in accordance with the instructions and regulations given by the Board of Directors (general jurisdiction). The CEO oversees that the accounts of the Company are in compliance with the law and that the Company’s financial affairs have been arranged in a reliable manner.
The CEO is responsible for the Company’s business in general, and for ensuring that its operations are properly organised and its objectives achieved. The CEO prepares and presents to the Board of Directors the Company’s strategic plan, budget and investments and divestments plan as well as ensures that they are implemented as decided by the Board of Directors. The CEO shall give the Board of Directors and its members all the information necessary to carry out their tasks. The CEO reports to the Board of Directors on the Company’s financial position, business environment and other significant matters related to the Company’s operations. The CEO also chairs the Management Team.
The terms of the CEO’s service are specified in writing in the CEO’s service contract approved by the Board of Directors.
Management Team
The Management Team assists the CEO in the handling of operational issues, preparation of Group strategy issues and in facilitating internal communications. The Management Team is also responsible for implementing the Board of Directors’ decisions under the leadership of the CEO. The Management Team analyses changes in the operating environment and prepares actions accordingly as well as prepares matters for the Board of Directors and its committees.
CEO
Reima Rytsölä
CEO
Reima Rytsölä
CEO
b. 1969
Finnish citizen
M.Soc.Sc., CEFA, AMP
Rytsölä has been the CEO of Lumo 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
Antti Syvänen
Interim CFO
Antti Syvänen
Interim CFO
b. 1982
Finnish citizen
M.Sc. (Tech.)
Syvänen has served as Head of Group Accounting, Financial Administration and Business Control at Lumo since 2025. Prior to this role, Syvänen served as Head of Group Accounting and Business Control from 2020. Previously, Syvänen worked as Group Controller at Hartela (2017–2020). Before that, Syvänen held various Business Controller positions at Technopolis (2015–2016) and NCC (2010–2015).
People, Brand 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, Sustainability and Public Affairs of Lumo 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. Before that, she worked as a journalist, most notably at the Finnish Broadcasting Company Yle.
Investments & Portfolio 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 Management of Lumo 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
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 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
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 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.