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Gilbane Building Company Announces CEO Transition

PROVIDENCE, RI — Thomas F. Gilbane, Jr., Chairman & CEO of Gilbane, Inc. & Chairman of Gilbane Building Company announces plans for executive leadership transition as President and CEO Michael McKelvy retires from Gilbane and Thomas M. Laird, Jr. is appointed President and CEO.

McKelvy departs Gilbane after multiple years of growth and company-wide accomplishment. The company recorded $6.5 billion in revenue in 2020 — the highest total in its 150-year history — and is projecting revenue to be in excess of $6 billion for 2021. Gilbane enters 2022 with a record backlog of projects in diverse and growing market sectors across the country and the globe. Under McKelvy’s leadership, the company chaired two industrywide initiatives in 2021: the inaugural Construction Inclusion Week and National Construction Safety Week.

“Mike McKelvy leaves Gilbane in a tremendously strong position, with company revenues reaching new heights during his tenure,” Gilbane said. “Under Mike’s leadership, Gilbane has strategically grown its diverse portfolio, expanded into new markets, built a five-year plan for profitable growth, and developed a talented team of executive leaders."

“With his 35 years of experience, Tom Laird is a leader who knows our business, our people, and our clients," Gilbane said. "He takes the reins at a time when Gilbane is expanding into growing market sectors and geographies, delivering innovation and new solutions for our clients, and leading positive industry change in the areas of inclusion, safety, and sustainability."

Laird joined Gilbane shortly after graduating from college more than 35 years ago and is a product of the company’s management training program. He is the company’s longest-serving executive leader and has directed multiple divisions in various geographies. He has also spearheaded key Gilbane initiatives, including both the company’s Environmental, Social, and Governance commitment and its Innovation Council.

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“I am honored to succeed Mike McKelvy as Gilbane’s next leader and am incredibly excited to help shape the future of one of the world’s oldest and most celebrated construction management companies,” Laird said. “Gilbane is filled with the most talented and innovative builders in the industry, and I know that we are poised for continued success.”

In his new role, Laird will advance the company’s Vision 2025 strategy, a comprehensive multi-year plan for profitable growth, innovation, and people investment, and continue Gilbane’s leadership in furthering safety and inclusion across the construction industry.

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