Click here to close now.


News Feed Item

Richard Cavallaro Named Skanska USA President and CEO; Michael Cobelli Named President and CEO of Skanska USA Civil; Michael McNally Retiring January 1

NEW YORK, Aug. 18, 2014 /PRNewswire/ -- Skanska AB (NASDAQ: SKA B) named Richard Cavallaro an executive vice president of Skanska AB and president and chief executive officer of Skanska USA, overseeing the company's U.S. construction operations, which had combined revenue in 2013 of nearly $7 billion. Cavallaro, who also will be a member of Skanska AB's Senior Executive Team (SET), succeeds Michael McNally who is retiring from the same role as planned at the end of the year. 

Michael Cobelli steps into Cavallaro's role as president and chief executive officer of the Skanska USA Civil business unit.

(Left to Right) Mike McNally Retiring; New USA CEO Rich Cavallaro; New USA Civil CEO Mike Cobelli

Both Cavallaro and Cobelli are long-time Skanska veterans.  Cavallaro has been with Skanska since 1996 and has led the civil business unit for the past five years doubling its revenue and tripling its profit.  Under his leadership, USA Civil expanded its geographic footprint, shifted from a regional player to a national competitor, became a significant force in the power and industrial space and consistently achieved the company's best safety record.

"Rich has a deep understanding of our clients' needs; a track record of strategic leadership; depth of knowledge; and a straight-forward communications approach.  Adding all of that to his ability to consistently drive results makes me certain that he will continue to strengthen our US operations," said McNally.

As president and CEO of Skanska USA Inc., Cavallaro will be responsible for Skanska's US construction operations including USA Building, which specializes in building construction, and USA Civil, which is focused on civil infrastructure.  He will be one of nine members of Skanska AB's Senior Executive Team responsible for global operations.

McNally is retiring after 35 years in construction and six years as Skanska's US leader. During his tenure, McNally transformed the business into a powerful brand and it grew to become the  second largest domestic building contractor and the third largest domestic heavy civil contractor.  McNally is known for his ability to bring people together and has been the driving force behind One Skanska, a transformation effort begun in 2009 to foster a collaborative culture and integrate all of Skanska's US services and geographies.  

"It is an honor to lead our tremendous team of employees and this great company.   I'm committed to building on Mike's legacy of One Skanska and working together to innovate and deliver for our clients," said Cavallaro.   "Mike has been a great partner and mentor. Because of his relentless focus on our values and advocacy for safety and sustainability, we are known not just as a successful company but a company that cares about its people and our communities."

"It has been a privilege and a pleasure to be part of the Skanska family – to be part of a team of smart, proud, hardworking people who have built some of the world's most complex and important structures," said McNally.  "I feel lucky that I could contribute to the growth of a company that has done so much to improve the communities where we live and work and I see nothing but potential for Skanska on the horizon."     

USA Civil Chief Operating Officer Michael Cobelli moves into the role of president and chief executive officer of USA Civil. Cobelli has been with Skanska for his entire 30-year career, with a strong focus on project execution. He has personally been involved in constructing some of the most complex and high-profile heavy civil construction projects in the US.   

For bios of McNally, Cavallaro and Cobelli, click here

This and previous releases can also be found at

Skanska USA is one of the largest, most financially sound construction and development companies in the U.S., serving a broad range of clients including those in transportation, power, industrial, water/wastewater, healthcare, education, sports, data centers, government, aviation and commercial.  Headquartered in New York with offices in 33 metro areas, we have more than 9,600 employees committed to being leaders in safety, project execution, sustainability, ethics and people development. In 2013, our work in building construction, civil and power/industrial construction, commercial development and infrastructure development (public-private partnerships) generated nearly $7 billion in revenue.  Global revenue of parent company Skanska AB, headquartered in Stockholm and listed on the Stockholm Stock Exchange, totaled $21 billion in 2013. Skanska shares are publically traded in the U.S. on the OTC market under the symbol SKBSY through a Level I American Depository Receipt program. 


Photo -
Logo -


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"eFolder does a lot of different things but we protect data and we are focused on protecting data no matter where it resides," explained Carlo Tapia, Product Marketing Manager at eFolder, in this interview at Cloud Expo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Cloud computing is unquestionably one of the driving forces of DevOps, as the automation of operations transforms enterprise software development. DevOps, however, is more than a technology trend, as it represents a move toward silo-busting, self-organizing horizontal teams that drive business velocity. At the same time, enterprise Digital Transformation represents an upheaval across the enterprise, as customer preferences and behavior drive enterprise technology decisions. This transformation ...
Most of the IoT Gateway scenarios involve collecting data from machines/processing and pushing data upstream to cloud for further analytics. The gateway hardware varies from Raspberry Pi to Industrial PCs. The document states the process of allowing deploying polyglot data pipelining software with the clear notion of supporting immutability. In his session at @ThingsExpo, Shashank Jain, a development architect for SAP Labs, discussed the objective, which is to automate the IoT deployment proces...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
In demand-intensive mobile and web applications, an emerging pattern is to host the Systems of Engagement in the cloud (for maximum responsiveness) but keep the Systems of Record with the other important business systems in the company datacenter, often on a tightly secured mainframe. But what about the space in between? In this IBM Redpaper publication, we show that the IBM Bluemix cloud platform offers technologies that make it easy for cloud-based SoEs to securely connect to on-premises IBM...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
OpsHub, Inc. has announced enhanced support for DevOps and Migration for both Team Foundation Server and Visual Studio On-line in a heterogeneous environment. With added support for build and release entities in OpsHub Integration Manager (OIM) Microsoft customers can now leverage Visual Studio build and release services to manage DevOps processes in a heterogeneous environment. With the enhanced support customers can manage the DevOps process in Team Foundation Server while undertaking activit...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
SYS-CON Events announced today that Catchpoint, a global leader in monitoring, and testing the performance of online applications, has been named "Silver Sponsor" of DevOps Summit New York, which will take place on June 7-9, 2016 at the Javits Center in New York City. Catchpoint radically transforms the way businesses manage, monitor, and test the performance of online applications. Truly understand and improve user experience with clear visibility into complex, distributed online systems.Founde...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.