Adolfson & Peterson Construction Announces Leadership Change

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Adolfson & Peterson Construction (AP) announced Wednesday, October 5, 2016 the appointment of Executive Vice President and Chief Financial Officer Jeffrey Hansen to fill the role of CEO. Former CEO Rick Whitney has stepped down to pursue other opportunities.

Jeff Hansen, AP interim CEO

“Jeff’s strong leadership abilities and understanding of our family culture gives us confidence in his ability to lead us through this transition,” said Kirstin Adolfson.

Adolfson & Peterson Construction (AP) announced Wednesday, October 5, 2016 the appointment of Executive Vice President and Chief Financial Officer Jeffrey Hansen to fill the role of CEO. Former CEO Rick Whitney has stepped down to pursue other opportunities.

Whitney has been CEO since 2014. Hansen has served as AP’s CFO since 2012 and has a distinguished career with AP.

Current AP Board of Director Members and third generation family shareholders Kirstin Adolfson and Grant Weicht expressed the Board’s full support of Hansen. “Jeff’s strong leadership abilities and understanding of our family culture gives us confidence in his ability to lead us through this transition,” said Adolfson. “During his time at AP, Jeff has proven his value to the organization and to the Board of Directors and we trust his leadership will continue to serve us well into the future,” added Weicht.

Hansen is assuming the combined role and responsibility of CEO and CFO until a new CEO is selected. The Board will conduct the process to choose Whitney's successor and will consider internal and external candidates for the job.

AP Chairman of the Board Steven Pinney said AP is committed to sustained growth and financial stability. “AP is sharply focused on continuing to build its legacy as a leader in the construction industry and is excited about the future for its business partners and employees,” said Pinney.

AP is currently ranked 37 in Domestic General Building on Engineering News Record’s Top 400 Contractors List and reported $807 million in revenue last year. “AP continues to maintain a strong foundation and a healthy balance sheet and we are strategically aligned to serve our major markets through our regional offices in Minneapolis, Dallas, Denver, Phoenix and Charlotte,” said Hansen. “I am honored and enthusiastic about leading this organization to a bright, exciting and rewarding tomorrow.”

Over the past 20 years, Hansen has held senior leadership positions in the construction, real estate development and property management industries including Ryan Companies US, Inc., and the Opus Group of Companies.

About AP
Adolfson & Peterson Construction is a U.S.-based, privately held firm that is consistently ranked among the top 50 construction managers and general contractors in the nation. Founded in 1946, the company has built longstanding commitments to the regions in which it operates and is known nationally for its innovative and collaborative approaches within the building industry. Adolfson & Peterson Construction serves the education, healthcare, commercial, municipal and senior living market segments from its offices in Dallas, Denver, Minneapolis, Phoenix and Charlotte. For more information, visit http://www.a-p.com and follow us on Facebook, LinkedIn and Twitter.

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Allie Zeman
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