Effective on Jan. 1, Skanska AB will elevate Richard Cavallaro to corporate executive vice president, president and CEO of Skanska USA, the Sweden-based contractor’s U.S. construction operations, which includes its Skanska USA Building and Skanska USA Civil units, the firm said on Aug. 19. He will succeed Michael McNally, who is retiring. Cavallaro now is president and CEO of the civil construction company. Set to succeed him is Michael Cobelli, who now is the unit’s chief operating officer.
McDermott International Inc. has hired Stuart Spence executive vice president and chief financial officer following the departure of Perry L. Elders, from the company on Aug. 23. Spence had been a vice president at Halliburton Co., where he had overall strategic and operational responsibility for its artificial lift product and service line. He joined Halliburton following its acquisition of Global Oilfield Services Inc. in 2011, where he was executive vice president and CFO.