Changes to the Building business area
They are succeeding Henning Olsen who is leaving AF to become CEO of a listed Norwegian company.
In recent years the Building business area has experienced strong growth. In 2018 the portfolio comprised almost half of overall business in AF Gruppen. In order to be equipped for further growth, Building is being divided into two operative portfolios headed by two EVPs. Geir Flåta (born 1978) arrives from the position as head of the AF Nybygg business unit. He will head the wholly-owned building operations in Norway that comprise AF Byggfornyelse, AF Bygg Oslo, AF Nybygg and AF Bygg Østfold. Amund Tøftum will, in addition to his current responsibilities for the Offshore business area, be responsible for the part-owned Norwegian building operations comprising LAB, Strøm Gundersen, MTH and Eiqon. The Building business area will continue to report as a combined portfolio to the stock and investor market.
“Henning has put in an excellent effort as EVP for Building, and it is a pity to lose a good colleague. At the same time, it is satisfactory to see that we time and time again are capable of promoting great managers from our own ranks when new opportunities arise. Geir has long experience from AF with broad project and management experience from both construction and building, and I’m looking forward to him joining my management team. Amund has good capacity and broad experience from both Offshore and construction operations. I am confident that both the part-owned building portfolio and the offshore area will develop further under his leadership,” says Morten Grongstad, CEO of AF Gruppen.
Contacts
Geir FlåtaVP Building Norway
Tel:47 994 01 510geir.flata@afgruppen.noAmund TøftumEVP Offshore and Building Norway
Tel:+47 920 26 712Amund.Toftum@afgruppen.noImages
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group. The purpose of our business is to create value for our customers, owners, employees and society at large. We are proud of our good financial results, but every bit as important are the non-financial values that we create every day. A safe working environment for our employees and sub-contractor personnel, new services that help solve society’s environmental challenges and ethical business operations that create security for our customers. This in turn provides us with the opportunity to create additional value for our owners.
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Latest releases from AF Gruppen ASA
Rehabilitating Handelens og Sjøfartens Hus in Bergen14.7.2025 08:55:18 CEST | Press release
LAB Entreprenør, a subsidiary of AF Gruppen, has entered into an agreement with Handelens og Sjøfartens Hus AS for the rehabilitation of Handelens og Sjøfartens Hus in central Bergen. The contract is valued at NOK 342 million excluding VAT, and will be carried out as a turnkey project.
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New building project at the Oslo police headquarters4.7.2025 07:30:00 CEST | Press release
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Upgrades smolt facility2.7.2025 11:00:00 CEST | Press release
Helgesen Tekniske Bygg AS (HTB), a company within AF Gruppen, has signed a turnkey contract with a fish farming company for the upgrade of a smolt facility in Western Norway. The contract value is approximately NOK 160 million, excluding VAT.
Building production facility in Ølen30.6.2025 15:00:00 CEST | Press release
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