Schimenti Construction is pleased to announce recent strategic moves highlighting our ongoing commitment to our employees and our vision for future growth. We recently elevated two key executive leadership team members and celebrated the second year of our Employee Stock Ownership Plan (ESOP) structure.
Our executive leadership team has expanded to best represent the interests and needs of both our employee-owners and customers while driving the company forward to meet our goals. As part of that evolution, James Harrison has been elevated to Executive Vice President, with broad responsibility for our strategic growth and planning, including financial forecasting, customer relations, preconstruction, and marketing, and serving as the lead for major accounts.
Additionally, Oliver Holland has been appointed Vice President of Construction, where he will work closely with both the preconstruction and field groups, focusing on building a client-driven approach that emphasizes quality and account management. These new leadership positions will strengthen Schimenti’s operational excellence and drive the company forward to deliver exceptional service to which clients have been accustomed for decades.
A Legacy of Relationship-Driven Service
Schimenti has built an enviable reputation as one of the nation’s leading general contractors. Our legacy represents a focus on quality that has created a construction company that has redefined the customer service standard in the industry. With the expansion of these leadership roles, this commitment not only makes our operational excellence even stronger, but also underscores our dedication to serving our customers.
“As our company embarks on a journey of growth and change, our steadfast commitment to client service remains unchanged,” says Matthew C. Schimenti, President of Schimenti Construction.
These newly appointed roles reflect our commitment as an employee-owned company by fostering a culture of collaboration and excellence, ensuring that our clients remain at the heart of our operations.
– Matthew C. Schimenti, President
A New Chapter with ESOP
Our ongoing ESOP structure is a testament to our strong belief in the value of our employees and their integral role in our continued growth and prosperity. The ESOP structure allows our employees to hold 100% of Schimenti’s shares, underscoring our dedication to fostering employee loyalty and providing retirement assets.
“We are two years into our new ESOP structure, and we’ve demonstrated we aren’t just laying the foundations for our clients but also building a strong foundation for our firm’s culture,” says James Harrison, Executive Vice President.
Our clients and trade partners have the confidence to build with us repeatedly because they know our employee-owners are personally invested in every build. This foundation reflects our employees’ confidence in our leadership team’s ability to support our client and trade partner commitments nationwide.
– James Harrison, Executive Vice President
Schimenti joins a growing trend of employee-owned companies adopting an ESOP structure as part of a capital and employee benefits package. This ownership structure offers many benefits for our employees and clients. High employee retention rates are a hallmark of ESOP companies, with employees more likely to stay with the firm longer, contributing to a wealth of accumulated knowledge and expertise. This continuity and deep understanding of our firm and the industry ensure clients receive services from highly skilled and experienced professionals.
With a vested interest in our company’s financial performance, our employee-owners are more inclined to innovate and seek efficiencies. Adopting new processes and procedures leads to using cutting-edge technologies and practices that enhance project outcomes, ultimately benefiting our clients by leading to faster project completion and reduced costs.
Choosing to work with an ESOP company also means our clients are supporting a business model that promotes employee financial security and wealth creation. This ethical and socially responsible choice aligns with the values of many modern clients and partners, fostering a more positive and purpose-driven way to do business.
An Ongoing Commitment to Construction Excellence
As our ownership structure evolves and the leadership team assumes new responsibilities, Schimenti will further dedicate itself to delivering an unparalleled experience to every client we work with. This commitment to construction excellence doesn’t come from just the leadership team; rather, the team’s influence and direction will drive our firm forward in its next growth stage, representing the shared interests of all employees, clients, and trade partners. Making this commitment requires thoughtful planning and continuous evaluation of our strategy and business goals for today and the future.
Forward-thinking business strategies and operations will focus on best-in-class delivery excellence and providing clients with technology-focused and cost-effective solutions. To deliver on the promise of construction excellence, we will ensure our teams have the proven skills and experience to deliver quality results. That includes having impeccable project management skills, flawless execution, and providing superior client service.
Oliver Holland, Vice President of Construction, adds, “Our focus will remain on delivering operational excellence for our clients and continuing to deliver industry-leading projects in our core sectors of work.”
Our business has seen terrific success and change in the past few years, and this is an exciting new chapter that, along with our new ESOP structure, puts people first in all aspects of our business.
– Oliver Holland, Vice President of Construction
We will continue prioritizing efforts to diversify and scale our services and geographic footprint while working to maintain our strong legacy of repeat clients. We are building on our strength in programmatic retail and other sectors to see growth in different sectors, including luxury retail, hospitality, entertainment, and commercial conversion.