Skanska's CEO Stuart Graham to step down in 2008

Skanska's CEO Stuart Graham to step down in 2008

Skanska's President and CEO Stuart Graham has notified the Skanska AB Board of
Directors that he wishes to step down in 2008 at the convenience of the Board.
He will remain in his position as President and CEO until a successor is in
place.

Stuart Graham was appointed President and CEO of Skanska in September 2002 and
has been a member of Skanska's Senior Executive Team since 1998. He has been
employed by Skanska since 1990 when the American company Sordoni was acquired. 

“It has been very stimulating to lead such a great company as Skanska. I have
really appreciated working with all the professional and dedicated people around
the world, and I'm proud of what we have achieved together,” says Stuart Graham,
President and CEO of Skanska. 

“Skanska's profitability and financial performance has improved significantly
under Stu's leadership and today Skanska stands stronger than ever. Equally
important are his achievements in implementing Skanska's values and increasing
focus on management development within the Group. I'm therefore pleased that Stu
will continue in the company in some senior advisory role,” says Sverker
Martin-Löf, Chairman of the Skanska AB Board of Directors. 

“The Board has already initiated the search for a successor and we look for
candidates both internally and externally. The ambition is to have a successor
selected in early 2008,” says Sverker Martin-Löf. 



For further information please contact:

Sverker Martin-Löf, Chairman of the Board of Directors, Skanska AB, 
tel +46 8 788 51 51.
Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, 
tel +46 70 689 99 91.
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38. 
Direct line for media: tel +46 8 753 88 99.



This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 56,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2006 totaled SEK 126 billion.