ROSEMONT, IL — National real estate development and construction services provider The McShane Companies announces that its Board of Directors has appointed Molly McShane as Chief Executive Officer. Molly previously held the position of Chief Operating Officer.

"During this time of transformation, there is no better person to lead The McShane Companies than Molly," said Jim McShane, company Founder and Chairman of the Board. "Molly is a proven leader with a clear business vision and the ability to bring people together. Her vision for growth and diversification is exactly what The McShane Companies needs as we enter our next chapter."

Since joining the company in 2002, Molly has spearheaded major strategic initiatives across its portfolio of services, most notably its expansion into new geographic markets and a conscious effort to create a diverse workplace. During her tenure as Chief Operating Officer, the organization posted record growth. Before serving as COO, Molly was Chief Investment Officer — and the first woman to rise to the c-suite leadership level in the firm's history.

"It is a privilege to be part of an organization that delivers high quality services and innovative solutions to the best clients. We are committed to developing the most talented professionals into leaders, and we will do our part to improve and give back to the communities in which we operate," Molly said. "I am truly honored to have been elected as The McShane Companies' next CEO."

Molly was named NAIOP Chicago's first female President in 2018. She was also a founding Co-Chair of WLI Chicago's executive board. Several organizations and publications have recognized her accomplishments.

Molly received an undergraduate degree in marketing from Boston College and an Master of Business Administration from Northwestern University's Kellogg School of Management.