McShane Construction President to Retire After 22 Years; Successor Named

Rosemont, Ill. — After serving as president of McShane Construction Company for 22 years, Jeff Raday (left) will retire at the end of the year. Upon Raday’s retirement from the firm, Mat Dougherty (right), executive vice president at McShane, will transition into the president’s role.

“We have been planning this transition for quite some time,” says 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. He led the establishment of the firm’s four regional offices in Phoenix; Irvine, Calif.; Auburn, Ala.; and Madison, Wis., and has grown the business’ annual revenue from $60 million to $600 million.

Dougherty joined McShane in June 2000 as a project engineer after graduating college.

“Mat has spent his entire career with McShane and worked his way up through the company at an impressive rate,” says 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.”

McShane Construction Company was established in 1984 and is headquartered in Rosemont, Ill. The firm offers integrated design/build and build-to-suit construction services for the multifamily, retail, office, recreational, hospitality, educational, healthcare, distribution, manufacturing and food processing markets. For more information, visit



SOURCE: McShane Construction Company

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