Espen Pay new president of NCC Construction Norway

Espen Pay new president of NCC Construction Norway Due to the ongoing reorganization of the NCC Group, contracting operations in Norway are entering a new phase. Against this background, it has been decided, with the agreement of current president Paul E. Lødøen, that the time is now appropriate for a change of president. Paul Lødøen has been a member of executive management for Norwegian contracting operations since 1985, with the past five years as president. Espen A. Pay, aged 43, has been appointed to succeed Paul Lødøen as president of NCC Construction Norway. Espen Pay is currently president of Naturbetong, one of Norway's largest private housing-development companies. He also has experience from executive positions in the Norwegian contracting sector. The change of president will become effective on May 1. For further information, please contact: Alf Göransson, Chief Executive Officer NCC AB, tel +46 8 585 51150 All of NCC's press releases are available on www.ncc.se NCC is one of the leading construction and property development companies in the Nordic region. NCC has annual sales of approximately SEK 45 billion, with 27,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/01/16/20020116BIT00720/bit0001.doc http://www.waymaker.net/bitonline/2002/01/16/20020116BIT00720/bit0001.pdf