Tore Hallersbo has been made a Deputy CEO of Peab

Tore Hallersbo has been made a Deputy CEO of Peab

•  Tore Hallersbo becomes Deputy CEO
•  Redistribution of responsibility within executive management
•  Newly created executive management advisory board

The construction market has changed dramatically since the autumn of 2008. Peab
is taking the offensive by making revamping management. This will strengthen our
management organisation which will be better equipped to handle the coming
challenges and opportunities in the construction and civil engineering industry.
One of these challenges is to develop a work method and production process that
suits the new market situation and thereby enhances Peab's competitive capacity.
This means a greater focus on operative matters and consequently the decision
was taken to augment executive management and redistribute responsibilities
within it.

Tore Hallersbo has been made a Deputy CEO and member of executive management,
responsible for Business Development. Tore, age 54, has been at Peab since 2005
and is currently Operational Manager for Peab's Division West. He has a Master
of Science in Engineering from Chalmers and will be stationed at Peab's
headquarters in Förslöv.

In connection with this change an executive management advisory board has been
created aimed at raising our preparedness for future markets and at the same
time increase focus on our current undertakings.

Peab's new executive management and its division of responsibility:
Mats Paulsson, President and CEO
Jan Johansson, Vice President
Mats Johansson, Human Resources and communication
Jesper Göransson, Group Accounting/Finance
Tore Hallersbo, Business Development

Peab's executive management advisory board and its division of responsibility:
Anders Elfner, large construction projects such as Arenastaden i Solna
Mats Leifland, IR, investments and structural business
Niclas Winkvist, acquisitions and business support

“We are glad to have Tore join executive management. We have made these changes
to boost, and increase focus on, our operations, something I think will be a
necessity in the future. Altogether this provides us with the tools I believe
will be crucial for our ability to compete well in existing and future
construction markets,” comments Mats Paulsson, Peab's CEO.



For additional information, please contact:
Jan Johansson, Vice President Peab +46 733 374000
Mats Leifland, IR Peab +46 733 371006
Gösta Sjöström, CIO Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. 
The information was submitted for publication at 8.30 a.m. on 8 July 2009. 

Previous press releases from Peab are available at www.peab.com

Peab is one of the leading construction and civil engineering companies in the
Nordic countries with a net sale exceeding SEK 35 billion and approximately
13,000 employees. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.