Contact: Cathy DelliCarpini-Kruse (212) 481-9230
Contact: Bud Perrone (212) 843-8068
NEW YORK, March 31, 2009 – Dominick M. Servedio, P.E., one of New York City’s preeminent leaders in design and construction, has been elected Chairman of the New York Building Foundation, which was created in 1998 to promote the long-term growth and well being of the industry through a program of research, educational and philanthropic activities.
Mr. Servedio replaces Richard L. Tomasetti, PE, Hon. AIA, founding principal of Thornton Tomasetti, as Chairman of the Building Foundation. Mr. Tomasetti’s tenure was marked by greater focus on the Foundation’s core mission; to marshal the diverse talents and energies of the building community toward projects, grants and scholarships that benefit the greater New York area.
As Chairman and Chief Executive Officer of STV Group, Inc., Mr. Servedio manages one of the nation’s largest and most diversified design and construction management firms. STV and its partners are involved in aspects of the World Trade Center rebuilding, including the Transportation Hub, Memorial and Freedom Tower. Prior to joining STV in 1977, Mr. Servedio spent fifteen years in the public sector. He also served as Chairman of the New York Building Congress from 2006 to 2008.
“Dominick Servedio demonstrates the continued strength, vitality and commitment of this industry to New York City,” said Building Congress President Richard T. Anderson. “Like past Foundation Chairmen, Richard Tomasetti and John F. Hennessy III, Dominick personifies the building community’s historic devotion and intelligent service to the industry and all New Yorkers.”
Mr. Servedio said, “I am deeply honored to be entrusted by my colleagues with this important responsibility. I look forward to working with the remarkable men and women who voluntarily serve on the Foundation’s Board of Governors as we seek to maintain the standards of excellence and service set by Richard Tomasetti and John Hennessy. It is our collective goal to ensure that we smartly give back to the City and region from which we all have received so much.”
The Building Foundation serves the industry and the community in part through its financial support of existing programs that recruit, educate, mentor and inspire tomorrow’s design, construction and real estate professionals.
In 2008, the Building Foundation supported scholarship programs for students of Alfred E. Smith High School in the Bronx, the Urban Assembly School of Design and Construction in Manhattan and the ACE Mentor Program of Greater New York. In addition, the Foundation awarded a grant to the Salvadori Center to support a design challenge involving more than 100 local students and their mentors.
The Building Foundation also awarded $10,000 to Nontraditional Employment for Women in 2008 to continue its New York Building Foundation Career Advancement Fund and an additional $15,000 to the National September 11 Memorial and Museum, bringing the combined contributions of the Building Foundation to $100,000.
In addition, the Foundation continues to make important research contributions to New York’s design and construction activities, as well as the City’s economic future, through rigorous analysis of timely and relevant issues. In 2008, the Foundation spearheaded a groundbreaking new analysis of the factors leading to rising construction costs in New York City and potential solutions. The Foundation also underwrites research for the New York City Construction Outlook series, a franchise that is being expanded in 2009 to provide more regular updates on building industry trends and conditions.
The New York Building Congress is a membership coalition of business, labor, association and government organizations promoting the design, construction and real estate industry in New York City.
