New President for Skanska USA Building

Skanska has appointed Ron Oakley as the new President of business unit Skanska USA Building. He will assume his duties immediately, replacing Johan Karlström, Executive Vice President of Skanska AB, who has served as Acting President of Skanska USA Building since February.

Karlström will continue to be based in the US as the member of the Group’s Senior Executive Team with responsibility for Skanska’s US operations, including Skanska USA Civil. Ron Oakley has more than 30 years’ management experience in the construction industry, and has been involved in construction operations for both private-sector and public-sector customers, as well as real-estate operations and project financing. For 24 years, Mr. Oakley was employed by Fluor Corporation, one of the largest construction companies in the US, where his responsibilities included commercial, process and industrial construction, design/build and government assignments. He was also active in initiating the company’s unit for transportation and public-private partnering projects. His most recent position was that of CEO of Lend Lease Americas. “We are pleased to welcome Ron Oakley to Skanska,” says Stuart Graham, President and CEO of Skanska. “We are convinced that his extensive experience of the US market will prove extremely valuable to us. We know that he shares our values regarding profitability, as well as our Code of Conduct, with its focus on ethics, safety and the environment.” Skanska USA Building is a leading national and local provider of construction, pre-construction consulting, general contracting and design build services to a broad range of U.S. industries, including biopharmaceutical, educational, high-tech, healthcare, transportation and sports and entertainment. The company also provides pharmaceutical validation services of facilities for pharmaceutical and biopharmaceutical customers. The company is headquartered in Parsippany, New Jersey, and has more than 3,800 employees. Skanska is one of the world's leading construction groups with expertise in construction, project development of commercial and residential projects and public-private partnerships. Skanska is committed to finding innovative solutions by cooperating closely with customers and combining the company's international expertise with local presence. The Group currently has 53,000 employees in selected home markets in Europe, in the US and Latin America. Sales in 2004 totaled SEK 121 billion. For further information please contact: Anna Wenner, Press Officer, Skanska AB, tel +46 8 753 88 99 Tom Crane, Senior Vice President, Corporate Communications, Skanska USA Building, tel +1 973 285 8004