UK chief exec to be replaced immediately after global boss dissatisfied with British first-half loss

Skanska UK chief executive David Fison has been replaced after the construction company reported an operating loss of £41.5m in the first six months of 2008.

He will be replaced with immediate effect by Mats Williamson, who moves from his role as president of Skanska Sweden.

David Fison
Fison: replaced with immediate effect

The loss followed a writedown of £19.6m on a problem PFI hospital job in the second quarter of the year. The first quarter saw a writedown of £30m

Johan Karlstrom, chief executive of the Skanska group, said: “The results in these projects are clearly unsatisfactory. We will therefore change our processes and procedures within Skanska UK.

“I'm convinced Mats Williamson, with his deep experience, his proven track record and strong leadership, is the right person to lead the development of Skanska UK.”

Over the six months, turnover at Skanska UK rose 9% from £695m to £758m.

Over the same period, the global group boosted its turnover by 8% from £5.3bn to £5.7bn while operating profit rose 10% from £183m to £202m.