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Martin Asp new Business Unit Manager

Press release 6/28/2011 2:00 PM

Martin Asp has been appointed the new Business Unit Manager of the JM Group Management Team. He will take over the position on 1 July 2011. Martin Asp is currently the President of Kvarnholmen Utveckling AB, which is partly owned by JM. He will become the new head of the following business units: JM Residential Norway and JM Residential Denmark, Finland, Belgium. Martin Asp will replace Sten Hamberg in JM’s Group Management Team. After nearly 30 years at JM, Sten Halmberg has decided to reduce his workload and he will now transition to a more senior role in order to work with, among others, strategic tasks that have been assigned by JM’s President and CEO, Johan Skoglund.

“Martin has a great deal of experience and involvement in housing development,” says Johan Skoglund, President and CEO of JM. “He will be an asset to both the Group Management Team and JM’s foreign operations,” he says.

Martin Asp has worked at JM for 15 years in such roles as supervisor, head of project planning and project manager. For the last five years, he has been President of Kvarnholmen Utvecklings AB, responsible for developing the new city district, Kvarnholmen in Nacka.

JM is one of the leading developers of housing and residential areas in the Nordic region.  Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM shall promote long-term quality and environmental management in all its operations. Our annual sales total approximately SEK 10 billion and the company has about 2,200 employees. JM AB is a public limited company listed on the NASDAQ OMX Stockholm, Mid Cap segment.