Exbud to reorganize next year as Skansa SA for more efficient management

Exbud plans to implement a new organizational structure on January 1, 2000, based on the company's chief areas of construction activity. Exbud as a company will no longer be quoted on the Warsaw Stock Exchange (WSE). A new company called Skanska SA will begin operation. Exbud president Leszek Walczyk has already become the president of the company now in creation. Skanska SA will manage all the undertakings of the Swedish investor in Poland, overseeing its divisions of separate segments of the construction industry: Exbud, in the field of general and industrial constructing; Hydrotest in hydro-engineering; Gdynskie Przedsiebiorstwo Robot Drogowych for transportation related construction; and Skanska Development in general development activity. Leaders of sectors will oversee the smaller, subordinated but autonomous companies. According to Leszek Walczyk, this change will make the organizational structure of the company clearer and thus improve its overall management.(Puls Biznesu, p.4