McCarthy Holdings

McCarthy Holdings, Inc. Kicks Off Craft Appreciation Week

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This annual company event celebrates the dedicated professionals who are building our communities

McCarthy Holdings, Inc., one of the nation’s premier construction companies and largest self-performing builders, is dedicating this week to celebrating the firm’s craft professional workforce. From Aug. 29-Sept. 1, McCarthy will host events on jobsites across the country to recognize the builder’s more than 4,000 craft professionals while spotlighting the importance of construction careers to local communities and the nation.

“Construction is an incredible career, and McCarthy has a long-standing tradition of respect for the art of building and the people who make it happen,” McCarthy Chairman and CEO Ray Sedey said. “These dedicated men and women are in the field every day, working together to safely tackle the most complex construction challenges and deliver exceptional results for our clients. As we head into Labor Day weekend, we are proud to celebrate our craft professionals who are building the communities where we all live and work.”

The U.S. Bureau of Labor Statistics reports approximately 168,500 openings for construction laborers are projected each year through 2031, on average. The Associated General Contractors of America (AGC) reports that construction employment increased in 45 states year-over-year in June, with an industry unemployment rate of just 3.6 percent (AGC, July 21, 2023).

McCarthy employs a broad range of craft professionals, including carpenters, equipment operators, laborers, foremen, plumbers, pipefitters, electricians, ironworkers, millwrights and more. With a vigilant focus on safety, McCarthy craft professionals self-performed more than 25 million labor hours in 2022 and achieved a Total Project Incident Rate of 0.51, the lowest in company history.

Construction Career Development, Support and Outreach

“Construction careers offer many rewarding opportunities,” said Erica Gilliland, McCarthy Director, Talent Acquisition. “We are focused on delivering a great experience for everyone who steps onto a McCarthy jobsite. This includes providing a safe workplace where individuals can grow and thrive with us on projects both today and in the future.”

With a team of 15 full-time craft development professionals on staff, McCarthy provides its craft workforce opportunities for classroom and on-the-job training year-round. The craft training department offers approximately 50 courses that are a combination of safety, skills-based and field leadership development to develop a skilled workforce prepared for safe, productive and quality construction. In addition, McCarthy’s Registered Apprenticeship Program provides entry-level craft employees the opportunity to progress through a combination of on-the-job learning and classroom instruction. In spring 2023 McCarthy opened its Innovation and Craft Workforce Center in Chandler, Ariz., a multifunctional facility dedicated to McCarthy craft and trade partner training, and to support the development of the region’s future construction trade workforce.

McCarthy also is actively engaged in a variety of industry and outreach activities to introduce construction careers to individuals who may not be aware of the opportunities or are unsure how to get started. For example, the firm has a long history of supporting service members of the United States Armed Forces during their service and transition back into the workforce, partnering with national and regional organizations to reach veterans looking for new opportunities.

Given the shortage of skilled craft professionals both now and long-term, McCarthy has also invested in outreach to students of all ages. McCarthy frequently supports in-class presentations, hands-on projects and mentorship experiences to foster an early desire to learn more about construction career paths.

“Students, even as young as elementary school, should have the opportunity to be able to experience what construction is all about and understand the value of a career in the field,” Gilliland said. “We’re excited to open their eyes to the possibilities.”

For more information on careers at McCarthy for craft professionals, visit mccarthy.com/careers/craft-professionals.

McCarthy Holdings, Inc. is the oldest privately held national construction company in the country – with nearly 160 years spent collaborating with partners to solve complex building challenges on behalf of its clients, through all phases of the project life cycle. McCarthy Holdings, Inc. is comprised of McCarthy Building Companies, Inc. and Castle Contracting, LLC. Repeatedly honored as a Best Place to Work, McCarthy is ranked the 19th largest domestic builder (Engineering News-Record, May 2023). With approximately 7,400 salaried employees and craft professionals, the firm has offices in St. Louis; Atlanta; Collinsville, Ill.; Kansas City, Kan.; Omaha, Neb.; Phoenix; Las Vegas; Denver; Austin, Channelview, Dallas and Houston, Texas; and San Diego, Newport Beach, Los Angeles, San Francisco, San Jose and Sacramento, Calif. McCarthy is 100 percent employee owned.   

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McCarthy Holdings, Inc. Celebrates Craft Appreciation Week

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Recognizing the dedicated professionals who are building our communities

McCarthy Holdings, Inc., one of the nation’s premier construction companies, is dedicating this week to celebrating the firm’s craft professional workforce.  From August 29-Sept. 2, McCarthy will be hosting events on jobsites across the country to recognize more than 3,000 craft professionals while highlighting the importance of construction careers to local communities and the nation.

“The ingenuity and skill of our dedicated craft professionals are key to our success as a self-performing builder,” McCarthy Chairman and CEO Ray Sedey said. “As we approach the Labor Day holiday, we are setting aside time this week to recognize the dedicated men and women who help us deliver exceptional results for our clients every day – and who do this with a relentless focus on safety and quality. You each not only contribute to the success of our company, but to the communities where we all live and work. Thank you for everything you do.”

Currently, the U.S. Bureau of Labor Statistics reports more than 439,000 construction laborer job openings available across the country (May 2022). The Associated General Contractors of America (AGC) reports that 90 percent of firms hope to hire new workers in 2022. 

“Construction careers offer a wide range of rewarding opportunities for personal and professional development,” said McCarthy Director, Craft Recruiting Erica Gilliland. “For our McCarthy craft professionals, this includes skills training, mentoring and career growth, all while building exciting and impactful projects. Our goal is to be an unrivaled workplace for craft, and we want everyone to have a great experience when working on a McCarthy project. When our team members are proud to say, ‘I built that’ – nothing is better.” 

With a team of 20 full-time craft development professionals on staff, McCarthy is dedicated to enhancing its craft workforce with opportunities for classroom and on-the-job training year-round. The craft training department offers approximately 50 courses that are a combination of safety, skills-based, and field leadership development to develop a skilled workforce prepared for safe, productive and quality construction. 

McCarthy employs a broad range of craft professionals, including carpenters, equipment operators, laborers, foremen, plumbers, pipefitters, electricians, ironworkers, millwrights and more. As a community builder, McCarthy also supports armed services members and veterans in their transition back into the workforce. McCarthy has leveraged several partnerships with outside organizations, including Adaptive Construction Solutions, Army PaYs, and Hiring Our Heroes, to recruit veterans and provide on-site technical and safety training.

McCarthy Holdings, Inc. is the oldest privately held national construction company in the country – with nearly 160 years spent collaborating with partners to solve complex building challenges on behalf of its clients. McCarthy Holdings, Inc. is comprised of McCarthy Building Companies, Inc. and Castle Contracting, LLC. Repeatedly honored as a Best Place to Work, McCarthy is ranked the 19th largest domestic builder (Engineering News-Record, May 2022). With approximately 6,000 salaried employees and craft professionals, the firm has offices in St. Louis; Atlanta; Collinsville, Ill.; Kansas City, Kan.; Omaha, Neb.; Phoenix; Las Vegas; Denver; Austin, Channelview, Dallas and Houston, Texas; and San Diego, Newport Beach, Los Angeles, San Francisco, San Jose and Sacramento, Calif. McCarthy is 100 percent employee owned. More information about the company is available online at www.mccarthy.com or by following the company on Facebook, Twitter, LinkedIn and Instagram.

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McCarthy Holdings, Inc. Promotes Kristine Newman to Chief Financial Officer

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McCarthy Holdings, Inc., one of the nation’s largest 100 percent employee-owned construction companies, recently promoted Kristine Newman to chief financial officer. Prior to assuming this role, Newman served as executive vice president for the company. She replaces retiring CFO Doug Audiffred, and reports directly to McCarthy Holdings, Inc. Chairman and Chief Executive Officer Ray Sedey.

Newman joined McCarthy in 2005 as controller for the builder’s Southwest Region and was promoted to vice president, finance in 2016 and senior vice president, finance in 2018. In 2019 she assumed the executive vice president, finance position and became a member of McCarthy’s enterprise leadership team. Now as chief financial officer, she will be responsible for all accounting, finance and insurance components of McCarthy including cash management, investments, internal audit financial reporting and risk management.

“Kris has been working closely with [outgoing CFO] Doug Audiffred for some time to ensure a thoughtful and smooth transition,” Ray Sedey said. “In addition to her outstanding financial acumen, strong work ethic and exceptional professionalism, Kris brings a deep understanding of McCarthy and our industry. She is an inspirational and trustworthy leader, and I speak for our entire leadership team and all our employee-owners when I express how pleased we are to welcome Kris into this role.”

Newman began her career with Arthur Andersen LLP, working on audit and consulting engagements in the firm’s Chicago and Phoenix offices, prior to joining McCarthy. She is a Certified Public Accountant (CPA). An Indiana native, Newman earned her bachelor’s degree in accounting from Purdue University.

In addition to her responsibilities with McCarthy, Newman was recognized as a “Most Influential Woman in Commercial Real Estate” (AZ Business Magazine, 2019) and serves on the national committee for the McCarthy Partnership for Women, the firm’s employee resource group dedicated to recruiting, developing and retaining women. She currently serves on the Greater Phoenix Chamber of Commerce board of directors, is past president and current member of the Valley of the Sun Chapter of the Construction Financial Management Association and is past chair of the board of directors for UMOM New Day Centers in Phoenix.

“It is an incredible honor to serve in this crucial role for our company,” Newman said. “I am grateful to be able to follow in the footsteps of Doug Audiffred, and his guidance through the transition period was extremely helpful and appreciated. I know without a doubt that this organization will continue to accomplish amazing things.”

McCarthy Holdings, Inc. is the oldest privately held national construction company in the country – with nearly 160 years spent collaborating with partners to solve complex building challenges on behalf of its clients. McCarthy Holdings, Inc. is comprised of McCarthy Building Companies, Inc. and Castle Contracting, Inc. More information about the company is available online at www.mccarthy.com or by following the company on Facebook, Twitter, LinkedIn and Instagram.

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