Detroit-based Walbridge, a full-service construction company, today announced the appointment of John Rakolta III as president. He will also continue in his role as chief administrative officer.
“John has a proven ability to deliver high levels of sustained results, and we are excited about the future,” says Mike Haller, CEO. “He is the right person, at the right time, to lead the Walbridge team into this new era.”
Rakolta has been involved in the company’s market diversity, growth, and financial performance by leading the expansion into the hyperscale data center market and brownfield redevelopment projects. He oversaw the company’s expansion into west Michigan and the revitalization of Florida operations. He is also working to promote the commitment of his father, John Rakolta Jr., to promote diversity, equity, and inclusion through initiatives at Walbridge and in the community.
Rakolta is the first family member to serve as president of Walbridge in nearly three decades.
“A couple of the things my father instilled in me are loyalty and reliability,” Rakolta says. “In a world where the idea of normal is rapidly changing, it’s important for our customers, suppliers, and team members to know there is security in Walbridge’s consistency. This organization will build upon our legacy of hard work, safety, and making a positive difference in the communities where we live and work.”
After completing a bachelor’s degree in building construction management at Purdue University, Rakolta earned a master’s degree in real estate finance and investment from New York University. He is also a graduate of Harvard Business School’s Executive Leadership Development program.
Walbridge was founded in Detroit in 1916. It offers construction management, design-build, general contracting, and related services for customers in fields including mobility, aviation, commercial, higher education, industrial manufacturing, mission critical, power and energy, and water and wastewater. It has 1,000 employees.