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Jyrki Tammivuori appointed CEO of Caruna as of 13 May 2022
Caruna’s Board of Directors has appointed Jyrki Tammivuori, M.Sc (Econ) CEO of Caruna as of 13 May, 2022. Tammivuori has been working for Caruna since 2015, first as CFO. Since 2018 Tammivuori has held the position of CFO and deputy CEO at Caruna. Tammivuori was appointed Acting CEO of Caruna in March 2022.
Caruna's Annual Report 2021 published
The Caruna Group (Caruna) Annual Report for 2021 has been published at caruna.fi/vuosiraportti2021. The Annual Report contains sections on Corporate Responsibility and Governance and, as separate pdf files, also the ESG indicator section that summarises number data, as well as the financial statements for 2021.
CEO of Caruna to change
Tomi Yli-Kyyny, CEO of the electricity distribution company Caruna, has announced his resignation to assume a new position outside Caruna. He will continue in his current position until 1 May 2022, ensuring a smooth transfer of duties and responsibilities to his successor.
In the first week of October, Caruna will analyse the condition of the electricity network at night in various parts of Espoo
In the first week of October, beginning Monday 4 October, you may see Caruna's vans on the move at night in various parts of Espoo. The vans carry a device that monitors Caruna's low-voltage electricity network and indicates any network faults it detects. Similar studies have previously been conducted in the United States, Canada and various parts of Europe. The technology is now being put to the test in Finland for the first time.
A new organisation to support Caruna's updated strategy
Caruna's organisation and the composition of its Management Team are changing to align more closely with the company's updated strategy. The new organisation will consist of four units: Network Management and Operations, headed by Elina Lehtomäki; Customer Value and New Ventures, headed by Kosti Rautiainen; Company Services, headed by Jyrki Tammivuori; and People, Public Affairs and Regulation, headed by Noora Neilimo-Kontio. The company's Management Team will consist of CEO Tomi Yli-Kyyny and the four unit heads. Caruna's Change Management Office will be headed by Katriina Kalavainen.
Construction of Sinimäki primary substation and related 110 kV underground cable connection begins in Espoo – effects on traffic arrangements
In the next few years, a new substation will be built in Sinimäki to meet the needs of growing electricity consumption and to support Espoo's carbon-neutral strategy. An underground high-voltage cable of six kilometres will also be installed during the project to connect the substations in Leppävaara and Sinimäki.
A carbon-neutral future is the common goal of Espoo and Caruna – cooperation agreement signed
The City of Espoo and electricity distribution company Caruna Espoo Oy signed an agreement on strategic cooperation on March 31, 2021. The aim of the cooperation is to support Espoo's growth and carbon-neutrality targets with a strong electricity network that meets future energy needs, enabling clean energy solutions for Espoo residents and companies.
Caruna develops its electricity network and improves the reliability of approximately 1,500 customers' electricity distribution in Espoo and Kirkkonummi
Electricity distributor Caruna continues renewing its electricity network and improving reliability of supply. The focus is now in Suvisaaristo, Espoo and the coastal area of Kirkkonummi. The project will be implemented with N3M Power Oy Ab.
AMF, Ontario Teachers’ Pension Plan Board and KKR become new shareholders in Caruna alongside Elo
Ontario Teachers' Pension Plan Board (Ontario Teachers’) and KKR have each acquired a 20% holding in Caruna, Finland’s largest electricity distribution company, from First Sentier Investors (FSI). In a separate transaction that also completed today, AMF has acquired Keva’s 12.5% holding in Caruna. Both transactions have received all necessary regulatory approvals.
Primary substation to be built in Sinimäki, Espoo, to meet growing energy demand and improve reliability of electricity distribution in Espoo
Caruna is building a new primary substation in Sinimäki, Espoo, in response to the increasing energy consumption in Espoo as well as to support Espoo's carbon-neutral strategy and leadership in clean energy solutions. An underground cable will be installed during the project to connect the primary substations in Leppävaara and Sinimäki. The main contractor is Destia Oy. The total value of the Sinimäki project is approximately EUR 30 million of which Destia's share is EUR 15 million.