The Board of Directors has decided to expand the Executive Management of Per Aarsleff Holding A/S effective from July 1, 2016 as Divisional Manager Jesper K. Jacobsen and Group Chief Financial Officer Mogens Vedel Hestbæk will join the Executive Management. The Executive Management of the company will consist of General Manager Ebbe Malte Iversen; Deputy General Manager Lars M. Carlsen; Group Director Jesper K. Jacobsen; and Group Chief Financial Officer Mogens Vedel Hestbæk. Jesper K. Jacobsen has been employed in Aarsleff since 1995. He has worked with a number of construction projects and is responsible for the Group's offshore wind farm projects which over time have comprised international multi-billion contracts. Jesper K. Jacobsen is in charge of Construction’s activities in the regions Jutland and Funen. Mogens Vedel Hestbæk has been employed in Aarsleff since June 1, 2015. Previously, he has worked for four years in the US for Veolia Water Technologies as CFO, responsible for the company's international design and build contracts.