Peab’s executive management expands to suit a new business area structure

As previously reported as of 1 January 2012 Peab is divided into four business areas: Construction, Civil Engineering, Industry and Property Development. The Nordic region is the domestic market for all the business areas. In keeping with this, executive management will expand to include the managers of each business area.

Tore Nilsson has been appointed Division Manager of business area Civil Engineering. Tore is 61 years old and has worked at Peab since 1986.

Karl-Gunnar Karlsson has been appointed Division Manager of business area Industry. Karl-Gunnar is 56 years old and has worked at Peab since 2003.

Thomas Anderson has been appointed Division Manager of business area Property Development. Thomas is 56 years old and has worked at Peab since 1996.

Tore Hallersbo was and will continue to be Division Manager of business area Construction

Peab’s executive management after the change:
     Jan Johansson, President and CEO
     Jesper Göransson, Deputy CEO and CFO

     Mats Johansson, Deputy CEO, Strategy / HR
     Tore Hallersbo Deputy CEO and Division Manager Construction
     Tore Nilsson, Division Manager Civil Engineering
     Karl-Gunnar Karlsson, Division Manager Industry
     Tomas Anderson, Division Manager Property Development

- The split into four business areas and an expanded executive management provides us with a well-defined structure and a solid platform for our continued efforts to become the Nordic Community Builder, says Peab’s President and CEO, Jan Johansson.

For further information, please contact:

Jan Johansson, CEO Peab + 46 431 89329

Fredrik Wahrolén, Head Communication Peab +46 733 371007

Gösta Sjöström, Communication 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 10.00 am on 19 January 2012.

Peab is the Nordic Community Builder with 15,000 employees and a net sale amounting to around SEK 40 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.