Stockholm-based builder and developer Skanska is making a leadership change at its U.S. construction operations, the company announced Wednesday.
Leo Sinicin, CFO of Skanska USAwill be withdrawn from December 31, the contractor announced. Dan DeRooy, currently Skanska USA Building’s vice president of finance, will take over for Sinicin effective the next day.
The company’s US operation has three operating units: Construction, Civil Development and Commercial, each with its own executive leadership team. Sinicin, a 30-year company veteran with Skanska, spent two decades as CFO of Skanska USA Building. For thirteen years, he also held the role for all of Skanska USA. As Sinicin was before him, DeRooy will step in as CFO of both the company as a whole and its construction unit.
“Leo has been a cornerstone of our financial leadership and a trusted advisor on all major strategic decisions in the US over the past several decades,” Clay Haden, president and CEO of Skanska USA Building, said in the statement. “His contributions are too numerous to mention, and his deep experience, candor and vision have helped shape the business we are today.”
His successor, DeRooy, has two decades of experience at Skanska. DeRooy spent 12 years as corporate chief financial officer and seven years as chief financial officer. He first joined the contractor in 2004 after five years as a financial and business analyst at Merck-Medco.
DeRooy has an MBA in finance from Montclair State University in Montclair, New Jersey.
“Dan brings a wealth of experience and a deep understanding of our business,” Haden said. “Leo set a high bar, and I’m sure Dan will build on that legacy with vision and integrity.”
At Skanska overall, the change is the second recent change in financial leadership for the global company. ancient CFO Magnus Perssonwho had worked with the company for 18 years and had been part of the management team since 2018, stepped down in 2024.
Jonas Rickberg took over as CFO in January 2025, after working for Scania Group, a heavy commercial vehicle subsidiary of German manufacturer Volkswagen, based in Södertälje, Sweden, for almost 20 years.
Skanska reported the finances of the third quarter last week and cited both the strength and weakness of its US business. Domestic construction, particularly infrastructure and data centers, continues to anchor the company’s profit margins, but a weak U.S. commercial real estate development market forced Skanska to write off.
However, DeRooy takes on the CFO role at a time when its U.S. building operation has a strong backlog of work — the company says it has 22 months of U.S. construction work.
