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construction family business

July 20, 2017

Third-gen building firm leaves the family; Grosvenor build for ‘Generation Rent’; and Schillings hires three new partners

 

Third-gen building firm leaves the family

A US construction firm founded in 1925 has passed into the hands of its first non-family owner.

But the man taking the reins at Pennsylvania’s Mowery, David Cross, is no stranger to the business having been involved with it for more than 30 years. He was made president in 2015 as part of former third generation owner Don Mowery’s succession plan.

April 8, 2013

James Wates, a fourth-gen member of the family that controls the eponymous construction business, has been appointed chairman as the family reasserts its control of the business.

James Wates, a fourth-gen member of the family that controls the eponymous construction business, has been appointed chairman as the family reasserts its control of the company.

Wates (pictured, second from left) replaces non-family Paul Drechsler, who will remain as chief executive, until a replacement can be found for this position as well.

Drechsler had been at the helm for the past seven years in the role of both chairman and chief executive, but Wates had always planned a return to family leadership.

April 10, 2012

The next generation of the Hiranandani family, which controls the eponymous construction company in India, is reportedly taking up top positions at the family business.

The next generation of the Hiranandani family, which controls the eponymous construction company in India, is reportedly taking up top positions at the family business.

Second-generation Darshan, currently managing director, will head up the group’s energy operations, according to Indian newspaper Mint.

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