Amund Tøftum will be the new Group Chief Executive Officer of AF Gruppen
Executive Vice President Amund Tøftum will be the new Group Chief Executive Officer of AF Gruppen as of 24 August. Amund Tøftum has been with AF for 15 years, and has experience from both construction, building and offshore, as well as 5 years of experience with group management.
- AF Gruppen is based on clear core values, a strong sense of community and with a clear goal of cultivating its own leaders. With Morten Grongstad as Group CEO, AF Gruppen has strengthened its position as a leading construction group. As Morten now wishes to pass the baton, it is very satisfying to see that we can now promote a new internal leader, says chairman of the board, Pål Egil Rønn.
Amund Tøftum has been with AF for 15 years, and has experience from both construction, building and offshore, as well as 5 years of experience with group management. A joint board was behind the assessment that Amund Tøftum is the right person to lead the company going forward, says Pål Egil Rønn.
- The timing is right to pass the baton. AF Gruppen has a size and a commercial breadth that provide Amund Tøftum and 5,600 fantastic colleagues good opportunities to continue the profitable growth that characterises AF, Morten Grongstad says.
Upon the wish of the incoming Group CEO, Morten Grongstad will be available to the company.
- I am looking forward to the opportunity of leading a company with so many talented employees. The company has been through a significant growth phase and is now in the process of establishing itself as one of the larger construction companies in the Nordic region. AF will continue to strive at being a forward-looking company, in which safety and profitability are key elements for our value creation, Amund Tøftum says.
Director of communications+47 930 02 firstname.lastname@example.org
Morten GrongstadCEO+47 991 53 email@example.com
Amund TøftumEVP Offshore and Building Norway+47 920 26 712Amund.Toftum@afgruppen.no
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 5,700 employees and revenue reached NOK 22.5 billion in 2019. AF Gruppen is listed on Oslo Stock Exchange (AFG).
We provide a broad range of services with seven operational business areas: Civil Engineering, Building, Betonmast, Property, Energy and Environment, Sweden and Offshore.
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Latest releases from AF Gruppen ASA
Continued growth and record high order backlog21.8.2020 07:04:05 CEST | Press release
AF Gruppen recorded revenues in Q2 of NOK 6,568 million. This is equivalent to growth of 12 per cent compared to the same quarter last year. Profit before tax was NOK 258 million during Q2, and the order backlog at the end of the quarter was worth NOK 34,155 million.
Building the first homes in a new district in Västerås12.8.2020 08:11:29 CEST | Press release
AF Gruppen's subsidiary HMB Construction is building three tower blocks with 120 apartments for Riksbyggen in Råby in Västerås, 100 km west of Stockholm.
Appointed for the development of Støren Verksted17.7.2020 10:40:13 CEST | Press release
Bane NOR Eiendom AS has appointed AF Gruppen as contractor for the development of Støren Verksted.
Building homes for Riksbyggen in new Gothenburg suburb6.7.2020 08:08:26 CEST | Press release
AF Bygg Göteborg, an AF Gruppen subsidiary, is set to build 143 new homes in the Backa suburb of Gothenburg on behalf of Riksbyggen. The contract is worth a total of approximately SEK 200 million, excluding VAT.
Acquisition of plot for Construction City3.7.2020 12:06:35 CEST | Pressemelding
Construction City Holding AS, a company owned by OBOS BBL (70% stake), AF Gruppen Norway (20% stake) and AF Gruppen subsidiary Betonmast (10% stake), has agreed to purchase all shares in the company Construction City Eiendom AS from OBOS Eiendom AS.
Sale of the office building "K5" at Hasle Linje in Oslo2.7.2020 14:05:50 CEST | Press release
Hasle Linje Næring DA, a company of which 49.5% is owned by AF Gruppen, 49.5% by Höegh Eiendom and 1% by Vind AS, has accepted an offer by Clarkson Platou Real Estate regarding the sale of all the shares in the Karvesvingen 5 AS company. This company owns the newly constructed smart building "K5" at the same address.
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