After serving as president of McShane Construction Company for 22 years, Jeff Raday will retire at the end of the year. Upon Raday’s retirement from the firm, Mat Dougherty, executive vice president at McShane, will transition into the president’s role.
“We have been planning this transition for quite some time,” said Raday. “I’m very excited to see what the future holds for McShane Construction under Mat’s leadership.”
Raday joined the firm in October 1996 as vice president and was promoted to president in March 1998. As president, he has guided the firm’s growth into one of the nation’s leading construction organizations. Under his leadership, the firm broadened its project portfolio and diversified geographically, expanding into new markets across the country. Raday led the establishment of the firm’s four regional offices in Phoenix; Irvine, California; Auburn, Alabama and Madison, Wisconsin, and has grown the business’ annual revenue from $60 million to $600 million.
During Raday’s tenure as president, McShane has been a seven-time winner of NAIOP Chicago’s Contractor of the Year Award, the 2012 recipient of the Hispanic American Construction Industry Association Chicago (HACIA) Contractor of the Year Award, the 2011 recipient of the African-American Contractors Association Chicago (AACA) Contractor of the Year Award and the National Association of Home Builders’ (NAHB) 2019 Multi-Family Builder of the Year.
“Jeff has served as a mentor to me throughout my entire career, and I couldn’t be more appreciative of the example he has set as a leader,” Dougherty said. “I know I have big shoes to fill, but I’m looking forward to serving McShane in this new capacity.”
Dougherty joined McShane in June 2000 as a project engineer, following his graduation from Marquette University. Over the past 20 years, he has proven himself a strategic visionary and has demonstrated the utmost dedication to furthering the company’s mission.
“Mat has spent his entire career with McShane and worked his way up through the company at an impressive rate,” stated Molly McShane, chief executive officer. “His vast knowledge of the industry and our company make him uniquely qualified to serve as our next president and reinforces the strength and stability for the future of our company.”