Mississauga, ON, April 17, 2023 — EllisDon announced today that Geoff Smith will be stepping down as President and CEO in June of this year. The Board of

Directors, Board Chair Gerald Slemko and Geoff Smith have appointed Kieran Hawe, EllisDon’s current Chief Operating Officer, Construction, to succeed Geoff

as Chief Executive Officer at that time.

Geoff will continue to serve on the Board of Directors as Executive Chair, and will retain responsibility for the company’s Digital and Data strategy and

execution, as well as for EllisDon’s Windjammer Landing Resort in Saint Lucia. Gerald Slemko, current Chair, will assume the new role of Deputy Chair.

“Since Kieran joined the company, and more so in his current role, he has exhibited an ideal combination of humility, determination, and leadership both

through example and direction, all of which have combined to position EllisDon as a leading construction services company across the globe,” said Geoff

Smith, President and CEO, EllisDon. “As importantly, he thoroughly personifies EllisDon's values and purpose, making him a natural fit to lead the next

generation of EllisDon employees. I am both proud and excited for Kieran to assume the role of CEO.”

Gerald Slemko, Chair of the Board, EllisDon, added: "The critical and difficult undertaking of selecting a successor was made significantly easier as a result of

Geoff's leadership, mentorship and development of a company full of highly skilled and capable people. Kieran is perfectly suited to take over and

successfully lead the company as its next CEO."

Kieran began his career at EllisDon in 1999 as an M&E Coordinator. He was appointed Toronto Area Vice President in 2013, and then to Senior Vice President

and Area Manager of Central Canada in 2016, and Executive Vice President and Chief Operations Officer, Construction, in 2019. His entrepreneurial spirit

helped build a $5 billion construction operation while managing a number of large multidisciplinary teams and shaping EllisDon into one of the largest

construction and building services companies in Canada.

Before joining EllisDon, Kieran acquired global building experience in Asia, Europe and the United States.

“I am both honoured and excited to accept the role as EllisDon's next CEO and lead our exceptional employees and incredible leadership team," said Kieran

Hawe, Chief Operating Officer, Construction, EllisDon. "I am committed to continue EllisDon's position as an industry leader in delivering the future of

construction through our expansive array of service offerings and Cradle to Grave approach.”

Geoff joined EllisDon in 1981, and was named President and CEO in 1996. Geoff was crucial in creating EllisDon’s culture of entrepreneurial enthusiasm

empowering employees to challenge the status quo and evolve EllisDon into a leading global construction services company. Geoff also proudly spearheaded

the employee-ownership program where 100% of the company's equity will be transferred to the company's employees to create an environment of

fairness, prosperity and innovation for the future.