MINNEAPOLIS — Ryan Companies US Inc., a Minneapolis-based real estate developer, architect, capital investment consultant, builder and real estate manager, has promoted Brian Murray to CEO.
The existing president and CEO, Pat Ryan, will step aside on June 1 and become chairman of the company’s board of directors. To assist with the transition, company owners Jeff Smith and Mike McElroy will take on the roles of president and chief investment officer, respectively. Tim Gray, who currently chairs the company’s board of directors, will assume the title of chairman emeritus.
The announcement is part of the planned succession plan for Ryan Cos. This will represent this first time in the company’s 80-year history that no Ryan family members will hold direct leadership roles.
Murray joined Ryan Cos. in 2009, and is currently the chief operating officer and chief financial officer. Smith has been with the company over 30 years and is currently the national president overseeing its 15 regional offices and leading client development efforts. McElroy is currently president of real estate investments, leading the real estate management and capital markets groups, and has been with the company nearly 20 years.
Murray is a current board member of PrairieCare Child & Family Fund and a former board member of the Catholic Community Foundation, the Saint Paul and Saint John Vianney College Seminaries, and Twin Cities Cristo Rey Jesuit High School. In addition, Murray connects with other industry thought leaders through his participation and membership in the Construction Industry Roundtable.