Skanska Chief Stuart Graham To Step Down in Early 2008
Stuart Graham, the Wilkes-Barre, Pa., native who has spent the last five years as chief of Stockholm-based contracting giant Skanska AB, announced Dec. 7 that he is resigning as president and CEO of the multi-billion-dollar conglomerate. He is set to return to the U.S. and will remain involved with the firm as a senior advisor, says Skanska AB Chairman Sverker Martin-Lof.
Graham, who will be 62 in 2008, was the first American to lead the firm, which has grown to become the eighth largest global contractor, with $15.7-billion in total worldwide revenue and the second largest in contracting revenue outside its home country, with more than $12.3 billion, according to ENR’s current rankings of the largest firms.