CHICAGO—Englewood Construction, a Lemont, IL-based construction firm that specializes in retail, has had a couple of good years. As reported in GlobeSt.com, it recently tripled the size of its estimating staff, and a solid outlook for 2014 has led the firm to hire Mary Davolt, 49, as its chief financial officer.

“As a result of record sales in 2013 and a double-digit increase in hiring, we felt that filling this position was essential to the continued growth of Englewood,” says William Di Santo, president of Englewood. “In anticipation of projected double-digit revenue growth in 2014 and continued increase in governmental regulations that must be addressed and adhered to, the CFO position has become an essential position in growing companies. We welcome Mary's wealth of experience and look forward to her being part of Englewood's strategic planning team.”

Davolt has decades of experience as a consultant, CFO and in providing audit and tax services to construction firms. She served as CFO for R.A. Bright Construction, and in 2001, founded CMS Group, a consulting and software solutions company. She merged her practice with Aktion Associates Inc. in 2010, where she held a position on the executive management team as regional manager, before joining Englewood in January 2014. Davolt is also a Certified Public Accountant and a Certified Construction Industry Financial Professional.

“I am excited to be part of the Englewood culture and committed to exceeding client expectations while maintaining our core values of integrity, honesty and accountability,” says Davolt. “With the depth of knowledge and passion on Englewood's leadership team, I can't wait to be part of the growth plans for 2014. It should be an exciting year. “

Davolt received the Construction Financial Management Association's Associate Member of the Year Award in 2013. She has also been recognized in the Influential Women in Business program by the National Association of Women in Business and The Suburban Business Ledger.

Instant Insights /

Davolt Joins Englewood Construction as CFO

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