Jacobsen Construction restructures leadership, names new CEO
SALT LAKE—Jacobsen Construction Co., which is building part of the City Creek Center project and other major Utah projects, appointed Douglas C. Welling as its chief executive officer and Gary Ellis as chief financial officer on Friday.
Welling follows Lonnie M. Bullard who served as CEO for 15 years. Bullard will stay on as chairman of the board and as Jacobsen’s chief public spokesperson, the company said in a statement.
“This is a natural transition—and, where Doug is concerned, it is an excellent one for our company,” Bullard said. “I know I speak for the entire board of directors when I say we look forward to an exciting future with Doug at the helm.”
Welling has been with the company since Jacobsen gave the Salt Lake City and County Building a seismic upgrade in 1989. He’s been serving as president and chief operating officer since 2006.
“I have always embraced the values on which Jacobsen Construction was founded,” Welling said. “We will continue to honor the Jacobsen legacy by providing an experience marked by integrity and quality, in both the projects and the relationships we build. As Jacobsen enters its 90th year, I am excited to join with our 500 owner-employees and continue exceeding our clients’ expectations.”
More change in Jacobsen leadership comes as Ellis succeeds Richard Kirkham, who served as CFO for 23 years. Ellis started as the Jacobsen’s company controller in 2000 and was named a vice president in 2006.
Kirkham will remain as the company’s corporate secretary and treasurer.
Jacobsen also reorganized its operating units to focus more on its market segments.
John Fortuna, executive vice president at Jacobsen, will continue to serve as the overall construction manager while teaming with Jim Cavey, vice president at the construction firm, to work on the company’s public and institutional project portfolio.
Other changes include a teaming of vice presidents Doug Hronek and Steve Shrader to focus on private clients. VPs Blake Court and Matt Radke will focus on the healthcare and technical facility segment.
“If the past three years have taught us anything in our industry, it’s that we must adapt to thrive,” Welling said. “Our recent realignment makes for a more efficient approach and, ultimately, a much better company.”
The company is working on a number of projects, including the City Creek Center, where construction costs near $1.5 billion, and the Utah State University College of Agriculture, a $39 million contract. Jacobsen also holds a $54 million contract with the State of Utah for the construction of the L.S. Skaggs Pharmacy Research Building.
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