FOR IMMEDIATE RELEASE
Contact: Kristy Domboski
(kdomboski@cfma.org; 609-945-2427)
New CEO Joins the Construction Financial Management Association
July 10, 2023, PRINCETON, NJ — After more than 12 years of exceptional leadership from Stuart Binstock, Neil Shah will be taking over as Construction Financial Management Association’s (CFMA’s) President & CEO starting July 10, 2023. With his impressive background in business development and leadership, Neil is ready to lead CFMA into the future.
“I’m very excited to work with Neil as he joins our Association. His previous experience in supporting and enhancing an organization’s value to its stakeholders is a great fit with our diverse staff, members, and partners,” said CFMA’s Chair Kevin Foley. “I believe Neil has a good leadership style and that he understands and shares the values of CFMA. I look forward to the impact he will have as our Association goes through its next decade of change.”
Shah joins CFMA from the Royal Institution of Chartered Surveyors (RICS), where he served as Executive Director, Market Strategy, Growth & Engagement. His experience leading his team in establishing business plan priorities using data and insights to ensure RICS responds accordingly and with agility will be invaluable as he takes on his new role at CFMA.
“Construction and infrastructure sectors are leading drivers of global economic growth. As such, construction financial professionals are well-positioned to make a positive impact on their companies, the market, and overall macroeconomic activity,” said Shah. “I'm thrilled to join CFMA to lead its efforts in addressing the critical issues facing construction, including efficient project delivery, the impact of technology, and attracting a diverse and inclusive next generation of talent.”
Over 13 years at RICS, Neil also served as Director of Strategic Partnerships and Regional Managing Director, Americas where he was responsible for the presence, promotion, and position of RICS throughout the region. Prior to RICS, Neil spent over 20 years in business development and leadership roles in the aerospace, real estate services, and technology industries. He holds an MBA from Emory University and a M.S. in Mechanical Engineering from Rensselaer Polytechnic Institute, as well as a B.S. in Aerospace Engineering and a B.A. in Economics from Boston University.
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About CFMA
Founded in 1981 and headquartered in Princeton, NJ, CFMA is an individual membership organization and the only association dedicated to bringing together construction financial professionals and those partners serving their unique needs. CFMA provides invaluable resources and education to its more than 9,000 members and 99 chapters across North America. In cooperation with its Certified Construction Industry Financial Professionals (CCIFP) division, CFMA promotes industry best practices and continuing education in support of its mission: to build impactful construction financial professionals and create communities for networking and collaboration for our members that advance the construction ecosystem. Visit www.cfma.org for more information.