ROSEMONT, Ill. — After serving as president of McShane Construction Co. 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,” says Raday.
Raday joined the firm in October 1996 as vice president and was promoted to president in March 1998. Under his leadership, the firm broadened its project portfolio and diversified geographically, expanding into new markets across the country. He led the establishment of the firm’s four regional offices in Phoenix, Arizona; Irvine, California; Auburn, Alabama; and Madison, Wisconsin, growing 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, National Association of Home Builders’ (NAHB) 2019 Multi-Family Builder of the Year and one of Crain’s Chicago Business’ Best Places to Work in Chicago in 2019 and 2020.
Dougherty joined McShane in June 2000 as a project engineer, following his graduation from Marquette University.