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.