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Granite Construction Inc (GVA.N)

GVA.N on New York Stock Exchange

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17 Aug 2018
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Summary

Name Age Since Current Position

Claes Bjork

72 2018 Independent Chairman of the board

James Roberts

61 2017 President, Chief Executive Officer, Interim Chief Operating Officer, Interim Executive Vice President, Director

Jigisha Desai

51 2018 Chief Financial Officer, Senior Vice President

M. Craig Hall

2018 Senior Vice President, Corporate Compliance Officer, General Counsel, Secretary

Kyle Larkin

46 2017 Senior Vice President and Group Manager

James Richards

54 2013 Senior Vice President - Group Manager

Dale Swanberg

55 2017 Senior Vice President - Group Manager

Kenneth Olson

2018 Vice President, Treasurer, and Assistant Financial Officer Assistant Secretary

Alan Krussi

2018 Director

James Bradford

71 2006 Independent Director

David Darnell

65 2017 Independent Director

Patricia Galloway

60 2017 Independent Director

David Kelsey

67 2003 Independent Director

Jeffery Lyash

2018 Independent Director

Celeste Mastin

49 2017 Independent Director

Michael McNally

63 2016 Independent Director

Gaddi Vasquez

63 2012 Independent Director

Ronald Botoff

2017 Director - Investor Relations

Biographies

Name Description

Claes Bjork

Mr. Claes G. Bjork is Independent Chairman of the board of the Company. He retired in 2002 as Chief Executive Officer of Skanska AB, Sweden, one of the world’s largest construction companies, a position he had held since 1997. Prior to such time, Mr. Bjork held various executive and management positions within Skanska and served as Chairman of Scancem Cement. He is also a former Chairman and a current member of the board of directors of the Swedish American Chamber of Commerce, and he previously served on the boards of Consolidated Management Group and Qlik Technologies, Inc. We believe that Mr. Bjork’s past experience as an executive with a major multi-national construction firm and his knowledge and understanding of the construction industry and Granite’s competitors and customers qualify him to serve on our Board. Mr. Bjork studied Civil Engineering in Sweden.

James Roberts

Mr. James Hildebrand Roberts is President, Chief Executive Officer, Interim Chief Operating Officer, Interim Executive Vice President, Director of the Company. He joined Granite in 1981 and has served in various capacities, including President and Chief Executive Officer since September 2010. He also served as Executive Vice President and Chief Operating Officer from September 2009 to August 2010, Senior Vice President from May 2004 to September 2009, Granite West Manager from February 2007 to September 2009, Branch Division Manager from May 2004 to February 2007, Vice President and Assistant Branch Division Manager from 1999 to 2004, and Regional Manager of Nevada and Utah Operations from 1995 to 1999. Mr. Roberts served as Chairman of The National Asphalt Pavement Association in 2006. We believe that Mr. Roberts’ knowledge of the construction industry, as well as his intimate knowledge of our business, employees, culture, and competitors, his understanding of the challenges and issues facing the Company and his insider’s perspective of the Company’s day-to-day operations and the strategic direction of the Company, qualify him to serve on our Board. He received a B.S.C.E. in 1979 and an M.S.C.E. in 1980 from the University of California, Berkeley, and an M.B.A. from the University of Southern California in 1981. He also completed the Stanford Executive Program in 2009.

Jigisha Desai

Ms. Jigisha Desai is Chief Financial Officer, Senior Vice President of the Company, effective July 9, 2018. Desai has been with Granite for 25 years, serving most recently as vice president of corporate finance and treasurer where she has been responsible for leading all corporate finance and treasury functions: capital allocation, capital structure, treasury operations, debt and investment management and enterprise risk management as well as corporate development focusing on the company's strategic plan through mergers and acquisitions. In addition, Desai has been instrumental in building Granite's long-term relationships with a diversified group of lenders, sureties, insurance markets and financial advisors. Desai received a B.S. in accounting from the University of Houston and an M.B.A. in corporate finance from Golden Gate University. In 2016 she completed the Harvard Business School’s Advanced Management Program. She is a member the Association of Financial Professionals and is a Certified Treasury Professional.

M. Craig Hall

Mr. M. Craig Hall is Senior Vice President, Corporate Compliance Officer, General Counsel, Secretary of the Company. In this role, Hall will be responsible for the general management of Granite's Legal team and will participate in securities, corporate and Board governance matters, and compliance. He succeeds Richard A. Watts who was recently appointed senior vice president and group manager for Granite's Water and Mineral Services Group. Over his 24-year career with Oldcastle, Inc., Hall held progressive leadership roles including work in the development and implementation of corporate legal compliance and ethics programs. Most recently, Hall served as deputy general counsel, Western Operations where he was responsible for oversight of legal matters in western North America. He earned a B.S. in Accounting from Auburn University and a J.D. degree, with honors, from Florida State College of Law.

Kyle Larkin

Mr. Kyle T. Larkin has been appointed as Senior Vice President and Group Manager of the Company effective October 16, 2017. Larkin currently serves as vice president of Granite's Nevada region and is a 21-year veteran of the company. In his new role, Larkin will oversee bidding and building activities throughout Granite's vertically-integrated operations in California as well as provide expertise and oversight in areas such as strategic planning, forecasting, estimating, safety, technology and quality. Larkin's promotion reflects Granite's solid succession planning process and its deep bench of talented leaders throughout the Company. He fills the position previously held by Pete Matheson, who passed away in August. Larkin will report to Granite President and CEO James Roberts. Larkin joined Granite in 1996 as an estimator in the company's Reno, Nevada operations. From 1996 to 2010, he progressed through the ranks as a project engineer, project manager, chief estimator and manager of construction. From 2011 to 2013, Larkin served as president of Intermountain Slurry Seal, Inc., a wholly-owned subsidiary of Granite. In 2014 he was promoted to vice president and Nevada regional manager. Larkin holds a B.S. in Construction Management from California Polytechnic State University, San Luis Obispo and an MBA from the University of Massachusetts, Amherst.

James Richards

Mr. James D. Richards is Senior Vice President - Group Manager of the Company. He joined Granite in January 1992 and has served as Senior Vice President and Group Manager since January 2013. He also served as Arizona Region Manager from February 2006 through December 2012, Arizona Region Chief Estimator from January 2000 through January 2006 and in other positions at Granite’s Arizona Branch between 1992 and 2000. Prior to joining Granite, he served as a U.S. Army Officer. Mr. Richards received a B.S. in Civil Engineering from New Mexico State University in 1987.

Dale Swanberg

Mr. Dale Swanberg is Senior Vice President - Group Manager of the Company. He joined Granite in 2015 and has served as Senior Vice President and Group Manager since January 1, 2017 and as Vice President and Deputy Group Manager since April 2015. In 2013, Mr. Swanberg served as the Chief Operating Officer of Flatiron Construction. Prior to Flatiron Construction, he served in various positions for the Walsh Group from 1985 to 2012, including as the President of the Heavy Civil Group. Mr. Swanberg received a B.S. in Civil Engineering from Bradley University in 1984.

Kenneth Olson

Mr. Kenneth B. Olson is Assistant Financial Officer Vice President, Treasurer, and Assistant Financial Officer Assistant Secretary of the Company. Prior to Granite, Olson was the head of equity linked capital markets at Standard Chartered Bank in Hong Kong where he assisted companies in raising money through debt and equity related issuances. Previous roles include a director in equity capital markets and corporate finance at Bank of America Merrill Lynch in Tokyo, Japan and a manager in finance at IBM in both Tokyo and New York. Olson's extensive experience, totaling 25 years, spans across treasury, corporate development and financial planning and analysis. Olson received his bachelor's degree in Economics from the University of Washington, a master's in business degree from the MIT Sloan School of Management and is a Certified Treasury and Professional Construction Risk and Insurance Specialist.

Alan Krussi

James Bradford

Mr. James W. Bradford, Jr. is Independent Director of the Company. He retired in June 2013 as Dean and Ralph Owen Professor for the Practice of Management at Vanderbilt University, Owen School of Management, in which capacities he served since 2005. Upon retirement from Vanderbilt, Mr. Bradford was awarded the title of Dean Emeritus. Between 2002 and March 2005, Mr. Bradford served as Acting Dean, Associate Dean Corporate Relations, Clinical Professor of Management and Adjunct Professor at Vanderbilt University, Owen School of Management. He has also served as President and Chief Executive Officer of United Glass Corporation, and President and Chief Executive Officer of AFG Industries. Mr. Bradford is currently also a member of the boards of directors of Genesco, Inc. and Cracker Barrel Old Country Store, Inc. We believe that Mr. Bradford’s perspective as an academic, his experience in corporate compliance and governance matters and his knowledge of business strategies and financial matters, combined with his executive-level and legal experiences, qualify him to serve on our Board. Mr. Bradford holds a B.A. degree from the University of Florida and a J.D. degree from Vanderbilt University, and he has completed the Harvard Business School Advanced Management Program.

David Darnell

Mr. David C. Darnell serves as Independent Director of the Company. He served as Vice Chairman of Global Wealth & Investment Management at Bank of America Corporation from September 2014 to December 2015 and served as its Co-Chief Operating Officer from September 2011 to September 2014. From July 2005 to September 2011, he served as the President of Global Commercial Banking at Bank of America Corporation. Mr. Darnell held various leadership positions at Bank of America since joining the company in 1979, including Middle Market Banking group president; Central Banking group president; and Midwest Region president. He also served as an Executive Vice President and Commercial Division Executive for Bank of America in Florida. Mr. Darnell brings significant operational, acquisition, governmental, financial, leadership-development capabilities and technology execution skills to our board. Mr. Darnell currently serves on the boards of Watsco, Inc. and the Museum of the American Revolution. Mr. Darnell holds an undergraduate degree from Wake Forest University and an M.B.A. from the University of North Carolina at Chapel Hill.

Patricia Galloway

Dr. Patricia D. Galloway serves as Independent Director of the Company. She serves as Chief Executive Officer of Pegasus Global Holdings, Inc., a firm that performs risk management, management consulting and strategic consulting business services since 2008. From 1981-2008, Dr. Galloway served in various positions at The Nielsen-Wurster Group, Inc. including Chief Executive Officer and Principal, and President and Chief Financial Officer. Dr. Galloway was the first woman President of the American Society of Civil Engineers and served from November 2003 to 2004. Dr. Galloway also serves as an arbitrator on construction and energy litigation cases. Dr. Galloway serves as a Director of the American Arbitration Association and the Pacific Science Center and as a Trustee of the Central Washington University Foundation Board. She served on the National Science Board from 2006 to 2012. We believe that Dr. Galloway’s experience in corporate risk management, combined with her executive-level and dispute resolution experiences, qualify her to serve on our Board. Dr. Galloway holds a Ph.D. in Infrastructure Systems Engineering (Civil) from Kochi University of Technology in Japan, an MBA from the NY Institute of Technology and a Bachelor degree in civil engineering from Purdue University.

David Kelsey

Mr. David H. Kelsey is Independent Director of the Company. He assumed the role of Chief Financial Officer of Verdezyne, Inc. in July 2016. Verdezyne is a privately-owned company that uses synthetic biology to produce high-value chemicals. Prior to joining Verdezyne, Mr. Kelsey was the Chief Financial Officer of Elevance Renewable Sciences, Inc., a privately-owned producer of high performance specialty chemicals. From January 2002 to August 2011, Mr. Kelsey served as Chief Financial Officer of Sealed Air Corporation, an S&P 500 manufacturer of specialty packaging for food and other protective applications. We believe that Mr. Kelsey’s experience as the chief financial officer of a major NYSE-listed company, as well as his in-depth knowledge and understanding of generally accepted accounting principles, experience in preparing, auditing and analyzing financial statements, understanding of internal control over financial reporting, and his understanding of audit committee functions qualify him to serve on our Board. Mr. Kelsey holds a B.S.E. degree in Civil and Geological Engineering from Princeton University and an M.B.A. degree from Harvard University Graduate School of Business.

Jeffery Lyash

Mr. Jeffery J. Lyash is Independent Director of the Company. Lyash holds a bachelor's degree in mechanical engineering from Drexel University, and was honored with the Drexel University Distinguished Alumnus Award in 2009. He has held a Senior Reactor Operator License from the NRC and is a graduate of the U.S. Office of Personnel Management Executive Training Program, the Duke University Fuqua School of Business Advanced Management Program and the University of Toronto Rotman School of Business Corporate Director Program.

Celeste Mastin

Ms. Celeste B. Mastin serves as Independent Director of the Company. She served as Chief Executive Officer of Distribution International, Inc., a supplier of certain construction equipment and environmental products from February 2013 to April 2017. From 2007 to 2011, she served as chief executive officer and as chief operating officer of MMI Products, Inc., a manufacturer and distributor of certain building materials. At Ferro Corporation, Ms. Mastin held the role of vice president of color and glass performance materials and vice president of growth and development from 2004 to 2007. Ms. Mastin started her career in sales at Shell Chemical. She held European and later global sales management positions as well as a management position at Bostik, Inc. We believe that Ms. Mastin’s global chemicals and building materials sectors experience, as well as her operating experience in sales and marketing and proven leadership ability qualify her to serve on our Board. Ms. Mastin currently serves on the board of directors of Distribution International, Inc. Ms. Mastin holds a bachelor's degree in chemical engineering from Washington State University and a master's degree in business administration from the University of Houston.

Michael McNally

Mr. Michael F. McNally is Independent Director of the Company. He retired in December 2014 as President and Chief Executive Officer of Skanska USA Inc., a subsidiary of one of the world’s largest construction companies, a position he had held since 2008. During that time, he also served as one of nine members of Skanska AB’s senior executive team. Prior to his tenure at Skanska, Mr. McNally held various management positions over a 38 year career with Fluor, Marshall Contractors, Mobil Oil and J. Ray McDermott. Mr. McNally is also currently a member of the boards of directors of Terracon, the U.S. Green Building Council and the Rhode Island Commerce Corporation. We believe that Mr. McNally’s past experience as an executive with a major multi-national construction firm and his knowledge and understanding of the construction industry and Granite’s customers qualify him to serve on our Board. Mr. McNally holds a B.S. degree in Civil Engineering from the University of Notre Dame and an M.B.A. from the University of Rhode Island.

Gaddi Vasquez

Mr. Gaddi H. Vasquez is Independent Director of the Company. He has served as Senior Vice President of Government Affairs of Edison International and Southern California Edison, one of the nation’s largest investor owned utility companies principally serving Southern California, since 2013. Prior to that, Mr. Vasquez served as Senior Vice President of Public Affairs from 2010-2013, Vice President of Public Affairs from 2009-2010 and Division Vice President in Public Affairs at Southern California Edison from 1995-2002. Mr. Vasquez also served as executive Director of the Annenberg Foundation Trust at Sunnylands in 2009, as U.S. Ambassador to the United Nations Agencies based in Rome, Italy from 2006-2009, and as Director of the U.S. Peace Corps from 2002-2006. Mr. Vasquez is currently also a member of the National Advisory Board of the Salvation Army, a member of the board of directors of the California Public Policy Institute, the National Association of Latino Elected and Appointed Officials Educational Fund and a member of the board of governors of the California State University Foundation. We believe that Mr. Vasquez’s executive level experience and his experience in public service, including leading major organizations involved in the development and construction of major public infrastructure and regional facilities, qualify him to serve on our Board. Mr. Vasquez holds a B.A. degree in Public Service Management from the University of Redlands.

Ronald Botoff