NEW YORK, March 15 - Lend Lease promoted Peter A. Marchetto, 47, to the newly created position of Chief Operating Officer of Bovis Lend Lease Americas, one of the world's largest construction management firms,effective immediately.
Mr. Marchetto joined New York-based Bovis Lend Lease in 1979 as the first employee of then Lehrer McGovern. Most recently, he has been President of Bovis Lend Lease Americas Northeast Central region, which included offices in New York City, Ithaca, Princeton, Boston, Chicago and Columbus. In Mr.Marchetto's career at Bovis Lend Lease, he has concentrated on incorporating fast-track methods for building complicated projects within strict schedule and budget guidelines, and has demonstrated an ability to manage virtually all phases of pre-construction and construction. Examples of projects Mr.Marchetto was directly involved with include the renovation and restoration of the Statue of Liberty, Ellis Island and Grand Central Terminal in New York, the new Time Warner Center in New York and the management of the clean-up at Ground Zero after the terrorist attacks on the World Trade Center.
A graduate of the University of Maryland with a degree in Architectural Engineering, Mr. Marchetto has a long history of giving back to the community through his participation with charitable organizations including the Boy Scouts of America and Junior Achievement. Commenting on the appointment, Ronald W. Oakley, Chief Executive of Lend Lease Americas said:"In the Americas, Pete Marchetto assumes responsibility for managing the operations of Bovis Lend Lease which is delivering excellent performance and is ranked among the country's largest construction companies in the UnitedStates."
In response, Pete Marchetto stated, "I am extremely excited about the opportunity to lead the Bovis Lend Lease Americas operation into the future and I look forward to working closely with the leadership and the many talented employees in the Americas."
Lend Lease Background: Lend Lease is a leading global real estate group providing a full range of project management, construction, development, capital structuring and consulting services; and real estate investments, serving clients who invest in real estate equity or debt. Listed on the Australian Stock Exchange, the Lend Lease Group operates in 43 countries on six continents, with a significant presence in Australia, Asia, Europe, and the United States.
In the United States, Lend Lease has two primary business units: Bovis Lend Lease, one of the largest construction management specialists in this region and Actus Lend Lease, a leading developer of military homes and communities for the Department of Defence through the Military Housing Privatisation Initiative.
