New president and CEO announced for Granite Construction

Granite Construction has announced president and chief executive officer William G. Dorey will retire on August 31 after 42 years with the company and that James H. Roberts will succeed him as of September 1.

Commenting on Mr Roberts' appointment, William H. Powell, chairman of the board of directors, said, "I am pleased to announce the board's naming of Jim Roberts as Granite's next chief executive officer. Jim is an experienced and visionary leader who has demonstrated his ability to effect constructive change and lead the company in the future."

Mr Roberts, 53, joined Granite in 1981 and was named to his current role as executive vice president and chief operating officer in September 2009. He has held several leadership positions at Granite, including senior vice president and manager of the company's construction and vertically integrated business in the West.

"I am honored to have the opportunity to lead this great company," said Mr Roberts. "I feel all the more privileged to succeed Bill, whose outstanding values-based leadership style and personal integrity have served as a model for all of us. Bill has successfully led Granite through various business and economic cycles and was instrumental in the diversification of our project portfolio. My goal is to further strengthen and grow our position in the industry while continuing to build and maintain the culture that has remained a cornerstone of Granite's success for more than eight decades."

Commenting on Mr Dorey's retirement, Mr Powell, "Bill's contribution and dedication to the success and the culture of Granite have been invaluable. He is an inspirational leader whose management style empowers people to do their best and to make a difference. On behalf of the entire board, we thank him for his many years of service and we look forward to his continuing role as a member of the board.

Mr Dorey has been Granite's CEO since 2004 and will continue as a member of the board of directors.