Dive summary:

• The chief of operations for The Beck group's Eastern Division, Fred Perpall, will rise to become the fifth CEO in history of the 100-year-old design and construction company.
• Current CEO Peter Beck announced the promotion, to take place on Jan. 1., and followed tradition by selecting a successor who is in his 30s and will have time to work with his predecessor.
• Perpall joined The Beck Group in 1999 and also sits on the executive committee of the Urban Land Institute.

From the article:

The Beck Group announced that CEO Peter Beck has chosen his successor, effective January 1, 2013. ...