Chaney Enterprises CEO Announces Retirement
Chaney Enterprises, a ready-mix concrete, aggregates, custom blends, and related construction supplies provider, announced the retirement of its chief executive officer, William “Bill” F. Childs, IV, effective October 4, 2019. Francis “Hall” Chaney, III, the company’s president, will assume the role of president and CEO at that time. Following his retirement, Childs will continue to serve as a director of the company.
“Chaney Enterprises is representative of many family-owned businesses across the United States,” Childs said. “Founded by a father, son, and a handful of other dedicated people with a dream and common vision, we have grown dramatically over the last 57 years, always focused on the founding principles of taking care of the people we serve, doing the right things the right way, and giving back.”
Childs’ entire career has been in the construction industry beginning with S.M. Christhilf & Son in 1976. He joined Chaney Enterprises in 1992 as vice president of sales and marketing, was promoted to president in 1998, and has served as CEO since 2000.
Under Childs’ leadership, Chaney Enterprises experienced tremendous growth, including two major acquisitions, the largest in the company’s history. Acquiring Dunkirk Supply (now BuilderUp) and PCS Concrete, Chaney Enterprises became the largest family-owned, ready-mix concrete and sand and gravel producer in the Mid-Atlantic by revenue, sales, and volume.
Additionally, Chaney began offering limestone to its customers, along with Chaney’s first 80-railcar train for limestone transportation. During Childs’ tenure, Chaney Enterprises grew its capacity to ship via barge at its Sussex Barge Terminal, delivering natural sand and gravel throughout the Mid-Atlantic. Over the course of Childs’ tenure, Chaney Enterprises introduced new concrete products and solutions, such as CarbonCure technology and Insulated Concrete Form (ICF) construction that have made a significant positive impact on sustainability and environmentalism, a large focus of the company.
Childs continued, “The ultimate job of any leader is to ensure long-term sustainability and success of the enterprise or venture they are leading. Our culture is firmly instilled in the members of the Chaney Enterprises team. Our team has the right people in the right places, and we have a very capable successor who is prepared and eager to serve our team members, our customers, our industry and our communities.
“I have completed my service to all these people and entities,” Childs said. “I am retiring from Chaney Enterprises and our affiliated companies feeling completely fulfilled and very proud of our collective accomplishments over the years.”
Childs has served on various boards including the RMC Research and Education Foundation, Massachusetts Institute of Technology Concrete Sustainability HUB (MIT CSHUB) Advisory Council, Maryland Transportation Builders and Materials Association, and the Eugene Chaney Foundation among others. He served as chairman of the National Ready Mix Concrete Association and president of the Maryland Ready Mix Concrete Association.
“Bill Childs is an exemplary mentor and leader and he is to be commended for all that he has done for our company, our industry, and the communities where we do business,” said Francis "Hall" Chaney, III, president of Chaney Enterprises. “Our company is positioned well for long-term sustainability thanks to Bill’s leadership, the culture he developed, and the team he assembled, and I look forward to taking on this new role as CEO to continue to serve the needs of all of our constituents.”
A resident of southern Anne Arundel County, Childs earned a bachelor’s degree in business administration from University of Lynchburg and is a graduate of St. Paul’s School in Brooklandville, Md.