Mats Williamson has been appointed new President of Skanska UK. He assumes his position immediately and succeeds David Fison, who has decided to leave Skanska after ten years.

Mr Williamson joined Skanska in 1981. He has held several positions including the roles as Project Executive of the Öresund bridge between Denmark and Sweden, President of Skanska International Projects and, since 2002, he has been the President of Skanska Sweden. Skanska Sweden's performance in areas such as business ethics, safety, leadership development and competitiveness has developed significantly under his leadership.

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During May and June of this year Skanska conducted a review of Skanska UK's construction projects in the PPP (Public Private Partnership) sector. The review resulted in further project write downs in Skanska UK and also shows that Skanska UK needs to improve some internal processes and procedures relating to PPP projects.

"The results in these projects are clearly unsatisfactory. We will therefore change our processes and procedures within Skanska UK and change our way of working in these types of projects. I'm convinced that Mats Williamson with his deep experience, his proven performance track record and strong leadership is the right person to lead the development of Skanska UK," said Johan Karlström, Skanska’s President and CEO.

(CD/JM)