Emil Paaske (39) has been appointed new Managing Director of Veidekke Eiendom AS. He replaces Arne Giske, who will take up position as President and CEO of Veidekke. Paaske has been employed in the property development operations since 2008 and is currently the head of Veidekke Eiendom Oslo Region. He takes up the position on 1 February.

Emil Paaske is a civil engineer from the Norwegian University of Science and Technology and holds an MBA from ESC Grenoble. He has experience as construction manager with Veidekke Entreprenør (1999-2002) and as project manager with Selvaag Bygg (2002-2006) and Heimdal-gruppen (2006-2008).

"We are very pleased to have recruited a new head of the property development operations in Norway from our own ranks. Developing and building the expertise of associates is a high priority in Veidekke. Emil's background, experience and personal qualities make him very well suited to the task as manager," says Arne Giske.

At the turn of the year Veidekke Eiendom AS had 1,213 homes in production, whereof the company's share comprised 906 homes.

"I greatly appreciate the confidence that has been shown in me, and I look forward to getting started. We have an extremely competent organisation and solid portfolio of sites. Going forward, focus will be on developing and building on the good foundation we already have," Emil Paaske says.

Emil Paaske will report to Arne Giske, who will continue as Executive Vice President of Veidekke's property development operations in Scandinavia until further notice.

For more information please contact:
Executive Vice President Property Development, Arne Giske, tel +47 21 05 77 80/+47 905 89 526, arne.giske @ veidekke.no
Regional Director Emil Paaske, tel. +47 21 05 76 60/+47 958 19 170, emil.paaske @ veidekke.no
Executive Vice President Communication, Kai Krüger Henriksen, tel. +47 21 05 77 04 / +47 905 19 360, kai.henriksen@veidekke.no


Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of 18 billion (2011) and 6,500 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20% of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.

distributed by