Veidekke

Board/Management Information • Jun 29, 2021

Veidekke ASA: Changes its organisational structure in Sweden

Veidekke ASA: Changes its organisational structure in Sweden

Veidekke has decided to implement a structural and organisational change in its

Swedish operations, whereby Veidekke Sweden is split into two operational units,

Construction Sweden and Infrastructure Sweden. The change is part of Veidekke's

strategy as a streamlined contractor and ensures an efficient organisation with

a focus on operations and a shorter distance from management to projects.

The split generates changes in the group management team. Mats Nyström leaves

his roles as executive vice president, member of the group management team, and

CEO of Veidekke Sweden. Charlotta Nilsén and Marcus C. Nilsson will join the

group management team as executive vice presidents for Construction Sweden and

Infrastructure Sweden, respectively, and will report directly to Veidekke CEO

Jimmy Bengtsson.

"The organisational change will result in a more efficient and distinct

organisation of Veidekke, ensuring improved operational focus, with a shorter

distance from projects to group management," says Jimmy Bengtsson, CEO of

Veidekke.

The new organisational model is based on positive experience from the 2020

reorganisation of Veidekke in Norway. Construction Norway and Infrastructure

Norway function as efficient operational profit units, while retaining a close

focus on projects.

Mats Nyström started in Veidekke in 2017, where he was first in charge of

Veidekke Sweden's residential construction unit, and later became executive vice

president and CEO of Veidekke Sweden. Under his management the sales and order

book have both grown, and profitability has improved. Veidekke is currently

Sweden's fourth largest contractor.

"I would like to thank Mats for his tireless efforts and focus. Mats has been an

important and distinct CEO of Veidekke Sweden and has contributed to Veidekke's

current position in Sweden," says Jimmy Bengtsson.

Mats Nyström leaves his position on 1 July 2021 but will continue to support

Veidekke Sweden and the Veidekke Group until 31 December 2021.

Veidekke will report in accordance with the new organisational structure from

the third quarter 2021.

For more information, contact:

Jimmy Bengtsson, Group CEO, ph. +47 984 70?000

Veidekke press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

maintains roads and produces asphalt and aggregates. Veidekke emphasises

stakeholder involvement and local experience. Its annual turnover is

approximately NOK 38 billion, and half of its 8,100 employees own shares in the

company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit

every year since its inception in 1936.