STOCKHOLM, Sweden, March 04, 2002 (PRIMEZONE) -- Espen Pay took over the position of President of NCC Construction Norway today.
Espen A. Pay, a Master of Business Administration aged 43, has long-standing and extensive experience of senior positions in the Norwegian contracting sector. He joins NCC from Naturbetong, one of Norway's largest housing-development companies, where he served as president for four years. Prior to that, he had been president of Selvaabygg and held positions at Moderne Bygg. Espen A. Pay also has international experience, which he gained from five years in the Norwegian shipping sector.
"My main task will be to increase the profitability of NCC's Norwegian contracting operations, which is what I will be focusing on in the immediate future.
"NCC must be the best construction company in terms of satisfying customer requirements and creating added for our customers at competitive prices. It is therefore reassuring to know that the company has highly skilled and competent employees. This will be the key factor in our efforts to achieve the objective of increased profitability," Espen Pay emphasized.
Espen A. Pay succeeds Paul E. Lodoen, who had been a member of the executive management group for NCC's operations in Norway since 1985, including the latest five years as President.
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NCC is one of the leading construction and property development companies in the Nordic region. NCC has annual sales of SEK 46 billion, with 28,000 employees.
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