Veidekke

Board/Management Information • Sep 9, 2020

Changes in Veidekke's corporate management

Changes in Veidekke's corporate management

Veidekke ASA is making changes in the group's management team, effective 15

September 2020. The purpose is to ensure renewal, broaden the experience base of

the management team, and bolster the group structure.

The divestment of the property development operation and the establishment of

Veidekke Infrastructure have altered the group's structure, and Veidekke is now

a streamlined contractor.

"Over the past year, Veidekke has made important changes to the group structure,

and is now a streamlined contractor. The changes in the group management team

will make Veidekke a stronger organisation in important areas. With several

members of the management team entering new positions, their expertise and

experience can be applied to areas of great strategic importance," says Jimmy

Bengtsson, CEO of Veidekke.

Jørgen Wiese Porsmyr has already taken over as EVP (Executive Vice President)

and CFO. In addition, the following changes have been made to the group

management team:

· Terje Larsen has been appointed EVP Risk Management and IT. Larsen

previously served as EVP and CFO.

· Anne Thorbjørnsen has been permanently appointed to the group management

team, as EVP HR and OHS.

· Kristina Andreasson has been appointed EVP Communications and Branding.

Andreasson has served as marketing and communications manager for Veidekke

Sweden.

· Lars Erik Lund has been appointed EVP Strategy and Sustainability. Lund

previously served as EVP Communications and Public Affairs.

Veidekke's four operational organisations remain unchanged; Veidekke

Construction, Veidekke Infrastructure, Veidekke Sweden, and Hoffmann (Denmark).

· Hans Olav Sørlie continues as EVP Veidekke Construction (Norway).

· Øivind Larsen continues as EVP Veidekke Infrastructure, which comprises the

civil engineering and industrial operations in Norway.

· Mats Nystrøm continues as EVP Veidekke Sweden.

· Torben Bjørk Nielsen, who heads up Veidekke's operations in Denmark, will

report directly to the group CEO Jimmy Bengtsson, and will participate in

corporate management meetings on strategic topics.

"The new group management team have complementary skills, and fulfill my top

three priorities for the upcoming years: They contribute high competence and

broad experience, they collaborate well, and, most importantly, they have the

capacity to achieve our objectives for the new group structure," concludes Jimmy

Bengtsson.

For more information, contact:

Jimmy Bengtsson, CEO Veidekke ASA, ph. +47 984 70 000,

jimmy.bengtsson@veidekke.no

Lars Erik Lund, EVP, ph. +47 413 31 369, lars.lund@veidekke.no

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

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest contractors. Undertaking all types of

building and civil engineering contracts, the group also maintains roads, and

produces asphalt and aggregates. The company emphasizes stakeholder involvement

and local experience. The annual turnover is NOK 37 billion, and half of the

8,200 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.