42-Year Company Veteran Edward T. Broderick to become Chief
Executive Officer effective October 1,
2024; Steven T. Halverson to
become Non-Executive Chair of the Board on January 1, 2025, succeeding Thomas F. Gilbane, Jr.
PROVIDENCE, R.I., June 18,
2024 /PRNewswire-PRWeb/ -- Gilbane, Inc., the parent
organization to Gilbane Building Company and Gilbane Development
Company, announced today that the board of directors has appointed
Edward T. Broderick, a
fifth-generation member of the Gilbane family and a 42-year company
veteran with deep expertise in building, development, and industry
innovation, as chief executive officer, effective October 1, 2024. Broderick who currently serves
as President and CEO of Gilbane Development Company, succeeds
Thomas F. Gilbane, Jr. as he
prepares to retire from his longstanding dual role as Chairman and
CEO of Gilbane, Inc.
"With Ed at the helm of Gilbane, Inc. and a
deep bench of talent at every level of Gilbane–we are poised for
another 150 years of opportunity, innovation, and growth," said
Tom Gilbane, Jr., chairman and CEO,
Gilbane, Inc.
As part of its succession plan, the board also named current
board director Steven T. Halverson,
the retired CEO and chair of The Haskell Company, a leading
diversified design-build firm, as non-executive chair of the
Gilbane, Inc. board of directors, effective January 1, 2025, assuming the board chair
position from Gilbane, Jr.
"Gilbane is a family-owned company with a record of delivering
results for clients and partners in providing world-class
construction and real estate development services," said
Tom Gilbane, Jr., who has worked for
the company full-time since 1970. "We have been an industry leader
for 150 years, known for our culture of caring and putting people
first, and I am proud to have played a part in that legacy. With Ed
at the helm and a deep bench of talent at every level of Gilbane–we
are poised for another 150 years of opportunity, innovation, and
growth. The board will be shepherded by a great strategic leader in
Steve Halverson, who brings deep
experience in construction, real estate, engineering, and
manufacturing."
Tom has been the driving force behind Gilbane Building Company's
substantial growth, expansion beyond the U.S., and market sector
diversification. The company now includes more than 45 U.S. and
international offices with an annual revenue of $7.3 billion. Among his many achievements are
civic and industry leadership, innovations, and advancements within
the construction sector, including safety and helping to found
Construction Safety Week, promoting diversity and inclusion through
the creation of Construction Inclusion Week, and championing the
transition from hard hats to helmets.
"It's an exciting time for Gilbane as we are at the forefront of
both the construction and real estate industries," said
Ed Broderick. "A commitment to
delivering value for our people, our clients, partners, and
communities is embedded in our vision for continued success. I am
grateful to Tom for his guidance and support as I step into this
role, and for modeling the kind of leadership I hope to provide as
we collectively uphold the Gilbane legacy and accelerate growth in
service of our clients. I look forward to working with Adam Jelen as he drives opportunity and a bright
future for Gilbane Building Company."
Edward T. Broderick
Currently the President and CEO of Gilbane Development Company,
Broderick began his career as a laborer and later a management
trainee with Gilbane Building Company. His 42 years of experience
encompasses every sector of the building development and
construction industries, from engineering and development to
contracts and financial modeling. Prior to being named CEO in 2018,
he held the positions of VP of Operations, Executive Vice
President, and President in the company.
"At Gilbane, our greatest strength is our people, who are
committed to excellence and deeply engaged in serving our
communities. We care–about our clients, about our communities, and
about one another–and nowhere is that more evident than in Ed's
leadership," said Adam Jelen,
President and CEO, Gilbane Building Company.
Mr. Broderick holds a Master of Business Administration degree
in finance from Providence College, a
Bachelor of Science degree from Manhattan
College, and completed an advanced executive management
program at the University of Chicago
Booth School of Business. Among his notable projects are the
development of dynamic mixed-use community Madison Yards in
Wisconsin and The Peninsula in New
York, which is transforming a former youth detention center
into a vibrant new community.
Mr. Broderick is married to Sheila
Broderick, with whom he shares two sons, one daughter, and
one granddaughter.
Steven T. Halverson
"From real estate solutions and property management to building
some of the most complex and dynamic projects in the world, this is
an extraordinarily exciting time for Gilbane," said Halverson. "I
look forward to working with our board to guide Gilbane in its
continued growth, reaching new heights in project delivery and real
estate development services."
Halverson added, "I want to thank Tom for his exceptional
leadership and commitment to Gilbane's success and to strengthening
the entire construction industry. He is an incredible leader who
inspires everyone around him with his caring commitment."
During Halverson's tenure as CEO of Haskell, the company grew to
become a multibillion enterprise, with several key acquisitions and
investments in technology and innovation, and a focus on safety and
core values guiding decision-making.
Mr. Halverson is an experienced corporate board director and active
industry and civic leader. He currently serves on the boards of CSX
Corporation, GuideWell Mutual Holding Company, InProduction, and
Acuren. Mr. Halverson has chaired the Construction Industry
Roundtable, the Design Build Institute of America, and the National
Center for Construction Education and Research and was elected to
the National Academy of Construction.
Mr. Halverson received a Bachelor of Arts from St. John's University and earned his Juris Doctor
from American University. He is a
Fellow and Certified Director of the National Association of
Corporate Directors. He received certification in ESG governance
from Berkeley Law School and has completed executive business
education programs at Dartmouth University and The Wharton
School.
About Gilbane, Inc.
Gilbane, Inc., headquartered in Providence, Rhode Island, is one of the
largest privately held, family-owned construction and real estate
development firms in the industry. A family business founded in
1870, Gilbane has active participation from the 4th, 5th and 6th
generations of the Gilbane family. Concentrating in diverse markets
throughout North America and
international strategic locations, Gilbane has more than 45 offices
around the world. Gilbane Building Company and Gilbane Development
Company are the primary entities under Gilbane, Inc.
For more information, visit https://www.gilbaneco.com/
Media Contact
Lynn Rasic, Gilbane, Inc.,
212-822-0319, lrasic@gilbaneco.com, www.gilbaneco.com
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SOURCE Gilbane, Inc.