PRESS RELEASE
National real estate development and construction services provider The McShane Cos. announced that its board of directors appointed Molly McShane as chief executive officer, effective Oct. 1, 2020. She previously held the position of chief operating officer.
Since joining the company in 2002, McShane spearheaded major strategic initiatives across its portfolio of services, most notably its expansion into new geographic markets and a conscious effort to create a diverse workplace. During her tenure as COO, the organization posted record growth. Before serving as COO, she was chief investment officer — and the first woman to rise to the c-suite leadership level in the firm's history.
"It is a privilege to be part of an organization that delivers high-quality services and innovative solutions to the best clients,” McShane said. “We are committed to developing the most talented professionals into leaders, and we will do our part to improve and give back to the communities in which we operate."
A trailblazer in the construction and commercial real estate industries, McShane was named NAIOP Chicago's first female president in 2018. She was also a founding co-chair of WLI Chicago's executive board. Several organizations and publications have recognized her accomplishments. Crain's Chicago Business has included her on their lists of Notable Women in Construction and Notable Women in Commercial Real Estate. She was also named to GlobeSt.'s Women of Influence Hall of Fame and received Connect Media's Women in Real Estate Award.
McShane received an undergraduate degree in marketing from Boston College and an MBA from Northwestern University's Kellogg School of Management.