cloudy.png
Wednesday September 18th, 2019 1:55PM

McCarthy Holdings, Inc. Names Raymond Sedey as Next Chief Executive Officer

By The Associated Press

ST. LOUIS--(BUSINESS WIRE)--Aug 9, 2019--

After a deliberate, multi-year succession process, McCarthy Holdings, Inc., one of America’s premier building companies, announced this week the selection of Raymond J. Sedey, 42, as the firm’s next chief executive officer. On Jan. 1, 2020, Sedey will assume this position, currently held by Michael D. Bolen, who will continue in the role as chairman of the McCarthy board of directors.

This press release features multimedia. View the full release here:

Raymond Sedey (Photo: Business Wire)

Founded as a family-owned business in 1864, McCarthy transitioned to 100 percent employee ownership in 2002, becoming one of the nation’s largest Employee Stock Ownership Plan (ESOP) companies. Serving communities across the country, McCarthy is currently the nation’s 12th largest domestic general contractor ( , May 2019) with 2018 revenues exceeding $3.9 billion. Sedey will be the second non-family member to hold the McCarthy CEO position since the firm became employee-owned, and just its third CEO in the last 50 years.

“McCarthy stands on a strong, solid foundation poised for continued growth and success,” explained Bolen. “Today’s announcement concludes a comprehensive, deliberate and thoughtful evaluation and selection process. Ray Sedey is an experienced leader grown from within McCarthy. He brings a deep understanding of our company strategy and unique ownership culture, together with a strong commitment to delivering an exceptional experience for clients. I am pleased to have Ray succeed me in the CEO position.”

“It is a true honor to be selected as Mike’s successor,” commented Sedey. “I look forward to working with all our employee owners, trade partners and clients in the years to come as we continue to positively impact the communities we serve.”

Sedey began with McCarthy in 2000 as a project engineer in the firm’s Southwest Region. He then moved through several core operations roles including superintendent, project manager and director, before being promoted to vice president, operations for the Las Vegas office in 2009. In 2012, Sedey was promoted to executive vice president responsible for leading business operations in Nevada, New Mexico and Colorado. In this role, he was instrumental in helping position McCarthy as a builder of choice in infrastructure, aviation, commercial, healthcare and entertainment projects, including successfully positioning the firm as a builder of choice for complex projects on the Las Vegas Strip.

In 2015, Sedey was selected to lead the McCarthy Texas Region as regional president. Under his leadership, McCarthy strengthened its position across the state of Texas with a focus on client results, safety, financial performance and talent management. In 2018, Sedey then led efforts to combine operations of the McCarthy Southeast Division and Texas Region to form a new Southern Region and assumed the position of Southern regional president.

Throughout his career, Sedey has taken on new challenges, positively impacting client relationships and business results, and creating strategies to drive change and position McCarthy for long-term success. Passionate about the workforce of the future, he serves as the executive sponsor for the firm’s national craft initiative, ensuring that McCarthy builds the foundation to attract, hire, develop and engage the next generation of craft professionals. He is also an active instructor and mentor in McCarthy’s leadership development program and advocate for diversity in the industry, with a focus on encouraging and supporting women in construction careers.

In addition to Sedey’s experience with McCarthy, he is actively involved in a variety of professional and community organizations including the Dallas Regional Chamber, TEXO, American Heart Association, Make-A-Wish Foundation, Montana State University College of Engineering advisory board and more. Sedey has repeatedly been recognized for these efforts including an Southwest 20 Under 40 Award, among others.

Sedey is expected to maintain an office in Dallas as well as in the McCarthy Corporate Headquarters in St. Louis.

Bolen continued, “As an employee-owned company, the evolution of company leadership at all levels is a continuous and ongoing process. Over the past two decades, we have developed and implemented a best-in-class leadership development program to build and support outstanding leaders across our business. With Ray Sedey at the helm, the opportunities in front of McCarthy are incredibly bright.”

McCarthy Holdings, Inc. is the oldest privately held national construction company in the country – with more than 150 years spent collaborating with partners to solve complex building challenges on behalf of its clients. McCarthy Holdings, Inc. is comprised of and . With an unrelenting focus on safety and a comprehensive quality program that spans all phases of every project, McCarthy utilizes industry-leading design phase and construction techniques combined with value-add technology to maximize outcomes. Repeatedly honored as a Best Place to Work and Healthiest Employer, McCarthy is ranked the 12th largest domestic general builder ( , May 2019). With nearly 5,000 salaried employees and craft professionals, the firm has offices in St. Louis, Atlanta; Collinsville, Ill.; Portage, Ind.; Kansas City, Kan.; Omaha, Neb.; Phoenix; Las Vegas; Denver; Dallas, Houston; and San Diego, Newport Beach, San Francisco, San Jose and Sacramento, Calif. McCarthy is . More information about the company is available online at or by following the company on , , and .

View source version on businesswire.com:

CONTACT: Susan Garritano

314-968-3300

sgarritano@mccarthy.com

KEYWORD: TEXAS MISSOURI UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BUILDING SYSTEMS ARCHITECTURE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: McCarthy Holdings, Inc.

Copyright Business Wire 2019.

PUB: 08/09/2019 05:05 PM/DISC: 08/09/2019 05:05 PM

http://www.businesswire.com/news/home/20190809005412/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Chaos of Dayton shooting echoes in 911 calls, radio traffic
Emergency calls and radio traffic from the mass shooting in Dayton, Ohio, last weekend provide a window into a chaotic scene as strangers sought help for the wounded and emergency responders tried to sort out whether there was a second shooter
5:10PM ( 14 minutes ago )
Stocks fall again on trade-war worries, capping a wild week
Stocks stumbled Friday as worries flared yet again that President Donald Trump's trade war with China may be worsening. It was a fitting end to a wild week
5:04PM ( 19 minutes ago )
EPA won't approve warning labels for Roundup chemical
The Trump administration says it won't approve warning labels for products that contain glyphosate, a chemical in the weed killer Roundup.
5:04PM ( 19 minutes ago )
Associated Press (AP)
Huge UK power cut disrupts rail, road traffic in rush hour
Large chunks of Britain, including London, were hit with a power cut Friday afternoon that disrupted train travel and snarled rush-hour traffic.
4:32PM ( 52 minutes ago )
Georgia's new voting machines certified by the state
Georgia's secretary of state certifies new touchscreen voting machines that provide a paper record to audit; $106-million contract for the machines formally awarded to Denver-based company
4:29PM ( 55 minutes ago )
Documents: Epstein ducked sex abuse questions in deposition
Newly released court documents show that financier Jeffrey Epstein repeatedly declined to answer questions about sex abuse as part of a lawsuit.
4:22PM ( 1 hour ago )
AP Business
Walmart pulls violent game displays but will still sell guns
Walmart has ordered workers to remove violent marketing material, unplug Xbox and PlayStation consoles that show violent video games and turn off any violence depicted on screens in its electronics departments
2:41PM ( 2 hours ago )
Alaska budget woes prod debate over oil-wealth fund checks
For decades, Alaska has had an uneasy reliance on oil, building budgets around its volatile boom-or-bust nature
2:11PM ( 3 hours ago )
Fukushima nuclear plant out of space for radioactive water
The utility company operating Fukushima's tsunami-devastated nuclear power plant says it will run out of space to store massive amounts of contaminated water in three years
11:27AM ( 5 hours ago )
AP Business - Corporate News
The Latest: Documents suggest employment problems at plants
Federal officials say evidence from electronic monitoring bracelets shows that people already arrested for immigration violations were working at all seven chicken processing plants that were raided Wednesday in Mississippi
2:50PM ( 2 hours ago )
Woods withdraws from Northern Trust, citing oblique strain
Tiger Woods withdraws from opening FedEx Cup playoff event with what he calls mild oblique strain
11:14AM ( 6 hours ago )
Immigration raids to have long-term effects on poultry towns
The largest immigration raid in at least a decade is likely to ripple for years through six Mississippi small towns that host poultry plants
2:07AM ( 15 hours ago )
AP Online - Georgia News
AP Business Wire - Georgia
Chaos of Dayton shooting echoes in 911 calls, radio traffic
Emergency calls and radio traffic from the mass shooting in Dayton, Ohio, last weekend provide a window into a chaotic scene as strangers sought help for the wounded and emergency responders tried to sort out whether there was a second shooter
5:10PM ( 14 minutes ago )
Stocks fall again on trade-war worries, capping a wild week
Stocks stumbled Friday as worries flared yet again that President Donald Trump's trade war with China may be worsening. It was a fitting end to a wild week
5:04PM ( 19 minutes ago )
EPA won't approve warning labels for Roundup chemical
The Trump administration says it won't approve warning labels for products that contain glyphosate, a chemical in the weed killer Roundup.
5:04PM ( 19 minutes ago )
Charges filed against suspect in deadly California rampage
The suspect in a deadly Southern California stabbing rampage was charged with four counts of murder, one count of attempted murder and other counts
4:57PM ( 26 minutes ago )
Mass shootings give rise to bullet-resistant backpacks
Mass shootings have led to the rise in bullet-resistant backpacks for children but critics question whether companies are using tragedy as a marketing opportunity
4:57PM ( 26 minutes ago )