In November 2019, Veidekke's board of directors made the decision to spin out
the property development operation with an amended ownership structure. As
reported at Q4 2019, the work is progressing as planned. Consideration will be
given to both stock-exchange listing and the sale of the operation, and Veidekke
will make a decision regarding ownership structure and transaction model in the
first half of 2020.
In the event Veidekke should decide on a stock exchange listing, Jørgen Wiese
Porsmyr, currently EVP at Veidekke, will take on the position as CEO of the new
listed company. Likewise, Siv Hege Solheim, currently Senior VP Accounting and
Controlling at Veidekke ASA, will become the new company's CFO.
Jørgen Wiese Porsmyr (48) started in Veidekke in 1995 and has been part of the
corporate management group since 2007. He served as CFO of the Veidekke Group
before, as EVP, taking on responsibility for i.a. the property development
operation. Jørgen Wiese Porsmyr has a Master of Science degree (siviløkonom)
from Norwegian School of Economics and Business Administration and Hochschule
St. Gallen.
Siv Hege Solheim (45) started in Veidekke in 2009 and has held the position as
financial director in Veidekke ASA since 2011. Siv Hege Solheim has a Master of
Science degree (siviløkonom) from Norwegian School of Economics and Business
Administration.
The agreements entered into today do not affect the choice of future ownership
model for the property development operation but provide Veidekke Property
Development with a structure in place to cover any possible outcome of the
process.