Peab appoints new CEO of Peab Byggsystem

Nordic contractor Peab has appointed Peter Lindstedt as CEO of its Peab Byggsystem business, which includes rental companies Lambertsson Sverige and Lambertsson Kran.

Lindstedt has worked for Peab for 35 years, joining as an apprentice carpenter, and now leads the Byggsystem business unit which employs 1,400 people. Most recently he was regional manager for Peab’s Building Housing South operation.

Byggsystem’s companies include Swedish general rentals company Lambertsson Sverige; crane rental company Lambertsson Kran (operating in Sweden, Norway and Finland); Byggelement, which manufactures prefabricated concrete elements, and structural contractor Smidmek.

Peter Lindstedt is the CEO of Peab Byggsystem. (Image: Peab)

“A major competitive advantage is that we control the entire supply chain ourselves,” said Lindstedt. “At the same time, these companies are leaders in sustainability and demonstrate through their advanced position that there is much to be gained from prefabricated elements compared with casting on site.”

He said part of his role will be to identify synergies between the companies within Byggsystem to optimise deliveries to customers, and said being involved early in projects was important.

“Projects must be designed correctly from the outset. We need to be involved at the structural design stage – that is when a structural frame can truly be optimised.

“We should also be open to gaining deeper knowledge of all materials, such as timber alongside concrete.”

Safety is one aspect of his job that he takes seriously. He was involved in a serious accident 20 years ago in which he broke his back and has since been a wheelchair user.

“We must never compromise on safety, and everyone has a responsibility to follow procedures and guidelines”, said Lindstedt, “Effective safety is a fundamental hygiene factor that I will never let go of.”

Peab has 13,000 employees and annual revenues of SEK58 billion (€5.4 billion). Its head office is in Förslöv, southern Sweden. Its shares are listed on Nasdaq Stockholm.