Mats Williamson new President of Skanska UK

Mats Williamson new President of Skanska UK

Mats Williamson has been appointed new President of Skanska UK. He assumes his
position immediately and succeeds David Fison, who has decided to leave Skanska
after ten years. 

Mats Williamson joined Skanska in 1981. He has held several positions including
the roles as Project Executive of the Öresund bridge between Denmark and Sweden,
President of Skanska International Projects and, since 2002, he has been the
President of Skanska Sweden. Skanska Sweden's performance in areas such as
business ethics, safety, leadership development and competitiveness has
developed significantly under Mats leadership. Profitability has also improved
considerably. 

During May and June of this year Skanska conducted a review of Skanska UK's
construction projects in the PPP (Public Private Partnership) sector. The review
resulted in further project write downs in Skanska UK and also shows that
Skanska UK needs to improve some internal processes and procedures relating to
PPP projects. 

“The results in these projects are clearly unsatisfactory. We will therefore
change our processes and procedures within Skanska UK and change our way of
working in these types of projects. I'm convinced that Mats Williamson with his
deep experience, his proven performance track record and strong leadership is
the right person to lead the development of Skanska UK,” says Johan Karlström,
Skanska's President and CEO.

“Skanska UK will continue to be a very important part of Skanska. We see good
growth potential in the UK market and will continue to develop our PPP business
in the UK. We believe that PPP offers interesting business opportunities for
Skanska,” says Johan Karlström. 

The recruitment process for a new President of Skanska Sweden has been
initiated. Petter Eiken, Executive Vice President of Skanska AB, will serve as
President of Skanska Sweden until a successor is appointed. Petter Eiken will
continue to serve on the Group Executive Team with responsibility for Skanska
Sweden, Skanska Norway, Skanska Finland and Residential Development Nordic. 

Skanska UK reported revenues of SEK 17.7 billion in 2007, with about 5,500
employees. The company is active in building and civil construction, utilities
and building services. Skanska is also a leader in the British program for
private public partnerships, PFI (Private Finance Initiative).


For further information please contact:

Tanya Barnes, Head of Communications, Skanska UK,
tel +44 1923 423 905 
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: tel +46 8 753 88 99


This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 60,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2007 totaled SEK 139 billion.