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Skanska adapts internal control to new corporate code

9/6/2005 11:44 AM CET
Press release

Skanska’s Group Staff Controlling is responsible for business control support for the Senior Executive Team. This staff has now been assigned extended responsibility for establishing the internal control function prescribed by the new Swedish Code of Corporate Governance. Mariann Östansjö has been appointed Senior Vice President for the staff unit.

   Press Release


September 6, 2005


Skanska adapts internal control to new corporate code

Skanska's Group Staff Controlling is responsible for business control support for the Senior Executive Team. This staff has now been assigned extended responsibility for establishing the internal control function prescribed by the new Swedish Code of Corporate Governance. Mariann Östansjö has been appointed Senior Vice President for the staff unit.

Group Staff Controlling will from now on be responsible for business control, with focus on risk management, as well as internal control with regard to the demand in the Swedish Code of Corporate Governance.

"Our Group-wide risk management system shall, in addition to being a control instrument, also function as a support in efforts to achieve our financial "Outperform" targets," says Hans Bi��rck, Executive Vice President and CFO, Skanska AB. An important role for Group Staff Controlling is also the responsibility for the transfer of experience with regard to risk assessment between the different units.

Mariann Östansjö has been appointed Senior Vice President Group Staff Controlling. She replaces Anders Herslow who has been appointed Administrative Manager of the A1 PPP (Private Public Partnership) project in Poland.

Mariann Östansjö joined Skanska in 2000 as Vice President Finance for Skanska Services, which was divested during 2004. Since 2004, she has worked within Group Staff Controlling.

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For further information please contact:

Peter Gimbe, Senior Vice President Communications,
Skanska AB, tel +46 8 753 88 99