In alignment with the strategic review Skanska undertakes a comprehensive restructuring of the business to improve profitability. Skanska will also make a number of organizational and leadership changes. Skanska announced a new Group Leadership Team working closer to the Business units in order to strengthen the units' performance. A review of the Group Governance in order to reduce costs and increase organizational effectiveness has been initiated. The company announced Paul Hewins, COO Skanska USA Building, succeeds Richard Kennedy as Business Unit President Skanska USA Building. Richard Kennedy, Executive Vice President, responsibility for Skanska USA Construction and Skanska Infrastructure Development. Magnus Persson, Executive Vice President Skanska Poland with responsibility for the Building operations, succeeds Piotr Janiszewski as Business Unit President Skanska Poland. All changes are effective as of January 17, 2018 with the exception of CFO Magnus Persson, who will take on his position as of February 2. Members of the former Executive team, Pierre Olofsson, Veronica Rörsgård, Peter Wallin and Christel Åkerman will leave Skanska.