Michael (Mike) E. Lancaster named President; J. Andrews (Drew) Hancock III named CEO
November 6, 2014
Winston-Salem, NC (Nov. 6, 2014) - Frank L. Blum Construction Co., a leading Triad-based commercial construction company, today announced the appointment of Michael (Mike) E. Lancaster as the fourth president of the 91-year- old company, effective Nov. 5, 2014. J. Andrews (Drew) Hancock III, former president, will become chief executive officer and will continue to focus on talent development, market presence, strategic leadership and other services related to the management of the company.
Lancaster's promotion is part of the company's planned management succession that will ensure the company's sustainability and growth in the coming decades and beyond. Lancaster has served Blum, most recently, as vice president of construction services. He is a member of the Blum executive management team, which is comprised of six principals who lead the company.
"During the last several years we have focused on strategic succession planning and have assembled one of the finest leadership teams in the construction industry," said Hancock. "Mike and the management team have earned the respect of our clients, our employees, the community and the industry and are ready to take the company to the next level. They have the experience, vision and ability to lead Blum Construction toward a strong and sustainable future."
Hancock said that Lancaster and the team "have been formed and tested over the past several years by playing key roles in successfully leading Blum Construction through the most significant downturn in the U. S. construction industry in 80 years." He cited several projects currently in the Blum pipeline that point to the team's recent success in securing new business in a challenging economy. They include LeBauer Park in Greensboro; High Point University Centennial Square II and School of Health Sciences and Pharmacy in High Point; Forsyth County Central Library; Wake Forest University Reynolds Gym Addition and Transformation; National Olympic Cycling Center; Salem College Apartments; Salemtowne Retirement Community Skilled Nursing and Assisted Living; and Arbor Acres Retirement Community Fitzgerald Health Center Renovation, all in Winston-Salem. "I know they will continue to do an outstanding job because I have watched them successfully complete the highest profile, most complex and schedule-sensitive projects in the Triad, and this transition plan will enable us to continue doing that," said Hancock.
Lancaster said that Hancock has provided vision and leadership for Blum for 32 years. "We are happy that he will continue to be active in the company and will be here to provide wisdom and guidance to our team," said Lancaster.
Lancaster expressed appreciation for the experience that he has received at Blum Construction and the expanded responsibilities that he is being given in his new position. "It has been a privilege to work with Drew, the management team and employees for the past 11 years. We are a strong team that has been successful because of our dedicated employees, excellent client and vendor relationships and innovation in all our operations," he said. "The high standards set 91 years ago by Frank Blum will continue well into the future because we have learned what clients prefer and how to serve them well."
About Michael (Mike) E. Lancaster
Mike Lancaster joined Frank L. Blum Construction Co. in 2003 after he graduated summa cum laude with a bachelor of science degree in construction engineering and management at N.C. State University. He is active in the community, serving on the board of directors of the Arts Council of Winston-Salem and Forsyth County, on the High Point University Board of Visitors, and as a Departmental Fellow of N.C. State University Engineering Department. He is a native of Lexington, N.C. and currently lives in Winston-Salem with his wife Mary and two children, Olivia and Emmett.
About J. Andrews (Drew) Hancock III
Drew Hancock is a 40-year veteran of the construction industry, 32 years of which have been leading Frank L. Blum Construction Co. He earned a bachelor of civil engineering degree from The Georgia Institute of Technology in 1979. A native of Winston-Salem, he serves the community through board memberships with the Winston-Salem Alliance, BB&T local advisory board, Winston-Salem Business, Inc., Leadership Winston-Salem, Triad Stage and as a member of the Winston-Salem Rotary Club. His past community involvement includes serving the Winston-Salem Foundation as chairman; Winston-Salem Chamber of Commerce as president; a member of the Piedmont Triad Airport Authority and the Winston-Salem Forsyth County Utilities Commission. He and his wife, Kelley, live in Winston-Salem and have three adult children - Jonathan, Tess and Emma.