Johan Karlström named new President and CEO

Johan Karlström named new President and CEO 

Skanska AB's Board of Directors has appointed Johan Karlström as the new
President and Chief Executive Officer of Skanska. He will succeed Stuart Graham,
who has previously announced his intention to step down from his position during
2008. 

Johan Karlström will assume his duties on April 3, in conjunction with Skanska's
Annual Shareholders' Meeting 2008. He will be based at the Skanska Group
Headquarters in Stockholm (Solna), Sweden. 

“I'm pleased to be able to present our new CEO today. The Board has been aware
of strong internal candidates, but decided to conduct a thorough internal and
external search process to ensure that we would find the best possible person
for Skanska,” says Sverker Martin-Löf, Chairman of the Board of Directors,
Skanska AB. 

“Skanska's profitability and financial performance has improved significantly
under Stuart Graham's leadership and today Skanska stands stronger than ever.
The Board has looked for a successor with equally strong characteristics - a
very solid performance record, a genuine personal value base and great
leadership skills. Johan Karlström fills all of these requirements and also has
extensive experience of Skanska and the industry,” says Sverker Martin-Löf. 

Johan Karlström, 51, holds a Master of Science in Engineering. He first joined
Skanska in 1983 and has worked in many different positions in the company,
ranging from site manager, estimator, project engineer, project manager to
regional manager for the Northern Region in Skanska Sweden. 

After five years as President and CEO for the listed mechanical and electricalinstallation group BPA (later Bravida), Johan Karlström joined Skanska again in
2001 and became Executive Vice President and member of the Senior Executive Team
(SET). In this position he has among other areas previously been responsible for
Skanska's business units in the Nordic countries and since 2004 he has been
responsible for Skanska's construction business units in the Unites States. He
has also been responsible in SET for Skanska's new Green Construction
initiative, with the aim of developing environmentally friendly solutions for
Skanska's customers. 

“I'm excited to take on this new role and I look forward to delivering on the
targets we have set for the coming years in Skanska. I think we are very
well-positioned, with our strong Skanska values and a solid strategy that we
will continue to pursue with very dedicated employees around the world. I also
foresee great opportunities for Skanska with the increasing focus on
environmentally friendly solutions,” says Johan Karlström, designated President
and CEO of Skanska. 

Stuart Graham will continue to serve Skanska in the role as Chairman of
Skanska's construction business units in the United States, Skanska USA Building
and Skanska USA Civil, and as an advisor to the CEO and Skanska AB Board of
Directors.

Press conference and background information
A press conference presenting the appointment of Johan Karlström as new CEO and
Skanska's Year-End Report 2007 will take place today at 11.00 at IVA Conference
Center, Grev Turegatan 16, in Stockholm. The presentation of the new CEO will be
hosted by Sverker Martin-Löf, Chairman of the Board of Directors. The report
will be presented by the President and CEO, Stuart Graham, and the CFO, Hans
Biörck. 

To participate in the telephone conference, please register via 
https://eventreg1.conferencing.com/webportal3/reg.html?Acc=486718&Conf=153126

Photos and further background information on Johan Karlström can be found at
www.skanska.com/newceo.


For further information please contact:

Sverker Martin-Löf, Chairman of the Board, Skanska AB, 
tel +46 70 574 88 08
Anders Lilja, Senior Vice President Investor Relations, Skanska AB,
tel +46 8 753 88 01
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 60,000 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.