JNEWS: Broderick, Edward [MC1982] promoted to CEO Gilbane Dev

2018-Apr-08

https://nerej.com/broderick-promoted-to-ceo-at-gilbane-development

Broderick promoted to CEO at Gilbane Development
April 06, 2018 – Owners Developers & Managers

Providence, RI Gilbane Development Co. (GDCo) has promoted Edward Broderick to chief executive officer. The promotion was effective January 1. Broderick previously served as chief operating officer and succeeds Robert Gilbane who will remain as chairman of GDCo.

As president and chief executive officer, Broderick will be responsible for the development and execution of Gilbane Development Co.’s strategic plan as well as for the management of all aspects of the company and its activities including new development opportunities, acquisitions, financings and project leadership. Broderick will serve on the company’s board of directors and its investment committee. During his 35 year career he  has successfully progressed through leadership roles at Gilbane, starting as a management trainee with Gilbane Building Co. before joining Gilbane Development Co. in 1989. 

Broderick has had many accomplishments including structuring transactions in both public and private sectors, growth of the company’s multifamily and mixed-use portfolio, and geographic expansion including Chicago, Washington DC, and New York City. He brings a wealth of experience to the Company, combined with exceptional leadership, a demonstrated ability to adapt to changing markets, and strong bottom line results.

“Ed is an open-minded, forward-thinking leader,” said Robert Gilbane. “Throughout his 35 year tenure with Gilbane, Ed has a proven track record of understanding markets and making strategic choices that translate vision into strategies that have contributed meaningfully to our success. The board and I are excited to have Ed as CEO.”

Broderick has a bachelor’s degree from Manhattan College, an MBA in finance from Providence College and has completed an advanced executive management program at the University of Chicago Booth School of Management.

As chairman, Robert Gilbane will chair the GDCo board of directors and its Investment Committee, review and provide input to the company’s strategic vision and support GDCo’s expansion into new markets.

“I look forward to maintaining my relationships with lenders, investors and joint venture partners and supporting Ed in Gilbane Development Company’s continued growth into new markets,” said Robert Gilbane.

# – # – # – # – #

Broderick, Edward [MC????] 

# – # – # – # – # 2018-Apr-08 @ 14:00

Dear John,

I believe that Edward is a member of the Class of 1982.

Mike

McEneney, Mike (MC1953)

[JR: Thanks, Mike. Much appreciated.]

Broderick, Edward [MC1982]

# – # – # – # – # 2018-Apr-15 @ 22:55

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