Skanska's U.S. Strategy Firmly in Place as New Chairman Named
- Swedish builder has no plan for change in U.S., investor says
- Skanska to expand U.S. development, be more choosy, CEO says
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Skanska AB will remain committed to the U.S. market despite recent challenges in completing projects in that country, according to the Swedish construction company’s biggest shareholder.
“The U.S. is a large and expansive part of Skanska’s business and there are no plans to change that,” Helena Stjernholm, chief executive officer of Skanska’s largest investor Industrivaerden AB said in a phone interview on Wednesday. She was speaking following the proposal by the board’s nomination committee -- which she heads -- of Hans Biorck as Skanska’s chairman.