New head of Skanska BOT

Simon Hipperson has been appointed the new President of Skanska BOT. He succeeds Bert-Ove Johansson, who will assume responsibility for the Group’s new Staff Purchasing unit.

Skanska BOT is Skanska’s unit for investments in privately financed infrastructure and Public Private Partnership. Simon Hipperson has many years of experience from various roles in the UK’s Private Finance Initiative (PFI) program, the UK program for the private financing of public infrastructure. Most recently, he was Executive Vice President at Skanska UK where he was responsible for construction operations within PFI. “We have been very successful and Skanska is the leader in the UK’s PFI sector. Our ambition is to further develop the Group’s BOT operations in all our home markets,” says Thomas Alm, Executive Vice President, Skanska AB. “Simon Hipperson’s experience within the British operations will be highly valuable in this effort.” Simon Hipperson will assume his new position as President of Skanska BOT on January 1, 2005. He will be based in Stockholm. For further information please contact: Peter Gimbe, Senior Vice President Communications, Skanska AB, tel +46 8 753 88 38