William J. Gilbane III to Join Board of Gilbane, Inc.; Strategic New Leader Joins Gilbane Building Company

New York, NY – January 8, 2020 – As part of the company’s strategic plan for growth, Gilbane Inc. today made key leadership announcements with the planned appointment of William J. Gilbane III to the board of Gilbane, Inc. and the addition of new executive leadership to Gilbane Building Company. Rich Cavallaro is joining Gilbane Building Company as executive vice president leading the New York division – comprised of the New York City, Upstate New York and New Jersey business units, and the New England division.

This year, William J. Gilbane III (Bill), a fifth-generation family member who has served as senior vice president – New York division leader since 2012, will join the board of directors of Gilbane, Inc. – the parent company of Gilbane Building Company and Gilbane Development Company. Bill will bring the leadership and knowledge he developed from growing one of the most dynamic divisions at Gilbane to his new board role. As a board member, he will continue to promote and scale the synergies between Gilbane Building Company and Gilbane Development Company.

“Bill’s vision and experience from serving as an entrepreneurial leader of the New York Division will be a tremendous asset to the Gilbane board,” said Tom Gilbane, Jr. chairman and CEO of Gilbane, Inc. “Bill will continue to be a key strategic leader helping to further Gilbane’s growth, build upon the value that we deliver to our clients and shareholders, and help prepare for the company’s leadership succession for future generations.”

Gilbane’s New York division, under Bill’s leadership, has more than doubled its annual revenue in the past seven years and expanded across a diverse portfolio of sectors to include some of the most prominent and impactful projects in the region.

New Executive Leader Joins Gilbane Building Company

On Monday, January 6, Rich Cavallaro began his new role as executive vice president. Rich Cavallaro is an accomplished construction leader who served as a chief executive officer for the last 10 years, most recently leading Skanska USA Civil. During his tenure, the business doubled in size and he succeeded in producing and executing some of the largest infrastructure projects in the country, while demonstrating his skills as a proven safety champion and business operations leader. Prior to that role, Cavallaro was chief executive for Skanska USA, leading business operations to greater efficiencies, building the company’s US brand and serving as an active member of the global senior executive team.

About Gilbane, Inc. and Gilbane Building Company

Gilbane, Inc., 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.

Gilbane Building Company provides a full slate of construction and facilities-related services – from pre-construction planning and integrated consulting capabilities to comprehensive construction management, close-out and facility management services – for clients across various markets.

Since 1949, Gilbane has delivered construction services in New York State for clients across multiple market sectors, including commercial office, multi-unit and high rise residential, cultural, education, healthcare, public sector, mission critical and science and technology.

For more information, visit www.gilbaneco.com.