Stockholm-based builder and developer Skanska is making a leadership change in its U.S. building operations, the firm announced Wednesday.
Leo Sinicin, CFO of Skanska USA, will retire effective Dec. 31, the contractor announced. Dan DeRooy, currently vice president of finance for Skanska USA Building, will take over Sinicin’s role effective the following day.
The company’s U.S. operation features three operating units — Building, Civil and Commercial Development — each with their own executive leadership team. Sinicin, a 30-year company veteran with Skanska, spent two decades as CFO for Skanska USA Building. For thirteen years, he also held the role for all of Skanska USA. As Sinicin was before, DeRooy will step in as CFO for both the overall firm and its building unit.
“Leo has been a cornerstone of our financial leadership and a trusted advisor through every major strategic decision in the U.S. over the past several decades,” Clay Haden, president and CEO of Skanska USA Building, said in the release. “His contributions are far too many to mention, and his deep expertise, candor, and insight have helped shape the business we are today.”
His successor, DeRooy, has two decades of experience at Skanska. DeRooy previously spent 12 years as corporate director of financial reporting and seven years as financial reporting manager. He first joined the contractor in 2004 after five years as a financial and business analyst at Merck-Medco.
DeRooy holds an M.B.A. in finance from Montclair State University in Montclair, New Jersey.
“Dan brings a wealth of experience and a deep understanding of our business,” said Haden. “Leo set a high bar, and I’m confident Dan will build on that legacy with vision and integrity.”
At Skanska broadly, the change is the second recent shift in financial leadership for the global company. Former CFO Magnus Persson, who had worked with the company for 18 years and sat on the leadership team since 2018, stepped down in 2024.
Jonas Rickberg took over as CFO in January 2025, after serving in the role for Scania Group, a Södertälje, Sweden-based heavy commercial vehicle subsidiary of German automaker Volkswagen, for nearly 20 years.
Skanska reported third quarter financials last week and cited both strength and weakness in its U.S. business. Domestic construction, particularly infrastructure and data centers, continues to anchor the company’s profit margins, but a weak U.S. commercial property development market forced Skanska to take write-downs.
Nonetheless, DeRooy steps into the role of CFO at a time when its U.S. building operation holds a healthy backlog: The firm says it has 22 months of construction work on the books in the States.
