X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SOLNA, SWEDEN-Skanska AB is shuffling executives for 2005. The locally based global contractor and developer says the changes are designed to improve profitability and grow its core operations while cross training its senior executives. Among other moves, Petter Eiken, currently president of Skanska Norway will join Skanska AB’s senior executive team as an executive vice president and assume responsibility for the construction operations in the Nordic region from Johan Karlström. In turn, Karlstrom, already a senior executive, will assume responsibility for the American operations within Skanska USA Building and Skanska USA Civil, while also continuing to be responsible for operations in the Czech Republic and Russia. All of these units report to Stuart Graham, Skanska AB President and CEO. “Part of our management development is to provide our senior executives the possibility to gain experience of various parts of the Group,” says Graham. “Karlström has been highly successful in improving profitability in our Nordic operations and he is well qualified to assume responsibility for development in the US, [while] Eiken…has succeeded in turning the Norwegian operations back to profitability and is the right person for continuing to develop the Nordic operations.”Replacing Eiken as president of Skanska Norway will be Geir M Aarstad, who has worked in the Norwegian company since 1991, most recently as a regional manager. In another shuffle, Juha Hetemäki will take over management of Finland-based Skanska Oy from Mauri Niemi, who retires at year-end. Hetemäki has worked within Skanska Oy for 10 years, most recently as a senior vice president with responsibility for the building construction business stream. Finally, Skanska also is creating a new business unit specifically for residential development in Sweden, Finland and Norway that will be called Skanska Project Development Residential Nordic Region. The work previously was part of the Nordic construction units. Skanska says its development of residential projects in recent years has shown a positive profitability trend. With the new unit, Skanska says it is intensifying its efforts to meet demand and to become the leading residential developer in the Nordic region. The president will be Anders Kupsu, who has lengthy experience in project development as well as in construction operations. “Residential development is part of Skanska’s core operations on which we will be focusing harder,” says Graham. “Demand for our residential projects is strong and we foresee good potential for further growth within this business. Through combining our know-how in the Nordic region, we will become more efficient and better at meeting the demands of the Nordic customers.” All of the aforementioned personnel and organizational changes become effective on Jan. 1, 2005.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.