Jan Johansson, President and CEO of Peab

Jan Johansson has been appointed new President and CEO of Peab and will take up this position at the AGM on 10 May 2011. Jan Johansson, 52, has a master of science in engineering and joined Peab 1986.  Jan has held the position of Deputy CEO with responsibility for Peab's operations since 2009.

Mats Paulsson, 67, will remain in the Peab Group as Vice Chairman.

"Jan Johansson has been Deputy CEO and responsible for operations since 2009. He has during that time have convincingly shown that he is competent and qualified to assume the role as president and CEO. I am sure that Jan will bring the company forward in Peab's spirit in an excellent manner. It is also very satisfying that Mats Paulsson will remain on the Peab Group as Vice Chairman and to be available to the Group on issues relating to market and customers, "says Peab Chairman Göran Grosskopf.

For additional information, please contact:

Göran Grosskopf, Chairman Peab +41 786157761

Gösta Sjöström, CIO Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 8 a.m. on 17 March 2011.

Previous press releases from Peab are available at www.peab.com

Peab is one of the leading construction and civil engineering companies in the Nordic countries with approximately 14,000 employees and a net sale amounting to around SEK 38 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.