In a recent issue of Construction Executive, Kelly Romano addressed the challenges facing today’s construction companies.
At a time when digitization is determining the rise and fall of most companies, those within the construction industry must face this new reality before they’re too late.
As demonstrated in her bold analysis, it is clear that the time to act is now.
Today’s construction companies face challenges with cost and schedule management, labor sourcing and matching supply to demand—all of which are being addressed by a fresh generation of disruptive insurgents. Experience from digitization in other industries shows that digitally-empowered companies will lead the scope and shape of the construction industry’s future. Less than half of today’s market will be retained by today’s incumbents. The massive restructuring that digitization brings to industry after industry creates opportunity – for every company that loses market share, others will win and prosper.”
– Kelly Romano, Managing Partner of Innovation Services
Kelly doesn’t just empathize with the needs of senior leaders driving innovation in multinational organizations, she mastered this role in a Fortune 50 technology company for decades. She is a font of practical wisdom for how to get the right things done.
Kelly recently retired from United Technologies Corporation (UTC) after nearly 32 years running several large global businesses driving operational strategies, advanced product development, innovation, M&A, organizational change and growth. UTC is a $107 billion market cap industrial providing advanced technology products and services to the aerospace and building industries. Kelly was President, Intelligent Building Technologies for the United Technologies Building & Industrial Systems business, responsible for developing and implementing strategies across the commercial business to create customer preference for UTC commercial products, systems and services around the world. She also served as UTC Corporate Vice President, Business Development and launched a new innovation business leveraging UTC’s vast portfolio of aerospace and commercial technologies into adjacent and alternative industries and segments. She was President, Global Security Products at UTC Fire and Security, and President, Building Systems and Services at Carrier Corporation, Today she applies her worldly perspective and vast global network to acquisition strategies, venture design, private equity investments, due diligence, and advising executive management on growth strategies. She is Co-Chair of the Board of Directors of Potter Electric (a Gryphon Investors portfolio company that is in the sprinkler monitoring and fire systems industry) and a board member of Dorman Products – a publicly traded automotive aftermarket parts distribution company with a $2.7 billion market cap.
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