Former Swinerton CEO Jeff Hoopes (left) shakes hands with new CEO Eric Foster..

Bay Area CRE Stalwart Swinerton Taps New CEO

News: Bisnow

Eric Foster will become the new chief executive of the 132-year-old Swinerton, the construction company said Wednesday.

After a stint as its president and chief operating officer, Foster has now been named Swinerton’s 12th CEO in a rare change at the top for the historic company.

At the same time, former Senior Vice President Dave Callis has become the San Francisco-based commercial construction company’s new president.

Foster, who replaces former CEO Jeff Hoopes after the latter’s retirement, will lead a possible expansion for the 100% employee-owned company, which already has a handful of locations throughout the U.S. But he says the company will now largely head in the same direction as it did during Hoopes’ nearly six-year run as CEO.

“Jeff Hoopes and I worked together for 35 years, and we’re just in lockstep on where we want to take the company,” Foster said. “Beyond the Bay Area, we’re looking at geographic expansion in the New England and Mid-Atlantic areas. I haven’t made any decisions, but we’re studying those markets.”

Read more of this exclusive at Bisnow.