PROVIDENCE – Edward Broderick has been named CEO of the Gilbane Development Co., the real estate development, financing and ownership arm of Gilbane Inc., the company announced Monday.
Broderick succeeded Robert Gilbane. The promotion took effect Jan. 1.
“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 had previously served as the chief operating officer for the company. He joined the Gilbane team in 1989.
Robert Gilbane will remain the chairman of Gilbane Development Co.
“I look forward to maintaining my relationships with lenders, investors and joint venture partners and supporting Ed in Gilbane Development Co.’s continued growth into new markets,” said Gilbane.
Chris Bergenheim is the PBN web editor.