Rich Cavallaro named new President of Skanska USA Civil

Rich Cavallaro named new President of Skanska USA Civil 

Rich Cavallaro will succeed Sal Mancini as President of Skanska USA Civil,
Skanska's U.S. Business Unit for civil engineering projects, effective January
1, 2009.

Cavallaro is a graduate engineer with 25 years of experience in the industry. He
joined Skanska in 1996 and was named Vice President in 2001. In 2006 he was
appointed Executive Vice President responsible for Skanska USA Civil's largest
region, Northeast. 

Over the years he has been instrumental in securing some of the largest
construction assignments in New York including the subway projects Second
Avenue, 7 Line Extension and Dey Street, the FDR Drive highway reconstruction
project, Newtown Creek wastewater treatment plant and the drinking water
treatment plants Croton Water Filtration Plant and Catskill/Delaware UV Water
Treatment Facility. 

“Thanks to Rich's personal drive and experience, we have been able to capture
and successfully implement a series of prestigious projects,” says Johan
Karlström, President and CEO of Skanska AB.  

”We expect that the civil engineering market in the U.S. will continue to offer
us major opportunities. I am convinced that Rich has the right prerequisites to
lead the unit to continued success. He is a great leader who is firmly committed
to our company values.”

Sal Mancini will retire after 41 years of continuous service to the company
having served for the last 10 years as Business Unit President. 

”Delivering what we promise and profitable execution have been hallmarks of
Sal's legacy. He is largely responsible for the fact that Skanska USA Civil has
reported favorable margins and growth in recent years. In addition, Sal has been
a role model in developing and inspiring employees at all levels of the
organization,” says Karlström. 

Skanska USA Civil is focused on the construction of infrastructure projects in
the highway, bridges, mass transit, water/waste water and power sectors. The
business unit has about 4,500 employees and operations in the eastern U.S.,
Colorado and California. Skanska USA Civil's revenues in 2007 were SEK 10.8
billion.




For further information please contact:

Karen Diemer, Communications Manager, Skanska USA Civil, 
tel +1 718 746 2785
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38.
Direct line for media: +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.