« Self Storage Entrepreneur Partners with American Steel Buildings | Main | Six New Water Stocks Added to Janney Water Index in Quarterly Rebalancing »
January 03, 2008
Perini Corporation Announces Resignation of Director James A. Cummings
FRAMINGHAM, Mass. (Business Wire EON/PRWEB ) December 19, 2007 -- Perini Corporation (NYSE: PCR) today announced that James A. Cummings has resigned from the Board of Directors effective December 18th, 2007. Mr. Cummings will retire as Chairman and Chief Executive Officer of James A. Cummings, Inc. (“James A. Cummings”), a wholly owned subsidiary of the Company, as of January 31, 2008.
Mr. Cummings founded James A. Cummings in June of 1981 along with his partners, William R. Derrer and Peter H. MacEachron. Under his leadership, the company grew from a three person firm to an industry leader with over 170 employees and offices in Ft. Lauderdale, West Palm Beach and Orlando, Florida. In January 2003, James A. Cummings, Inc. was acquired by Perini Corporation.
“Jim played a vital role in the successful integration of James A. Cummings into the Perini family. We thank him for his contributions over the last five years and wish him well in his retirement,” said Robert Band, President and Chief Operating Officer of Perini Corporation.
William R. Derrer, President of James A. Cummings and Mr. Cummings’ partner throughout the life of the company, will remain as President and will assume Mr. Cummings’ responsibilities following his retirement. Mr. Derrer graduated with Honors from the University of Florida’s building construction program and has been affiliated with two large construction companies. He is active in a number of community organizations, including the Miami-Dade County Board of Rules and Appeals. He was recently inducted into the Construction Hall of Fame at the University of Florida M. E. Rinker Sr. School of Building Construction. Mr. Derrer is a Licensed Certified General Contractor.
Perini has engaged an executive search firm to identify a replacement for Mr. Cummings’ position on the Board of Directors.
About Perini Corporation
Perini Corporation is a leading construction services company offering diversified general contracting, construction management and design/build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures. We offer general contracting, preconstruction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including sitework, concrete forming and placement and steel erection. We are known for our hospitality and gaming industry projects, sports and entertainment, educational, transportation, healthcare, biotech, pharmaceutical and high-tech facilities, as well as large and complex civil construction projects and construction management services to U.S. military and government agencies.
Posted by Industrial-Manufacturing at January 3, 2008 01:55 AM