Skanska names Josie Mok as new CFO for Commercial Development Operations US
Construction giant Skanska has added Josie Mok as Chief Financial Officer for its US Commercial Development business unit. Mok replaces Axel Wingard who has undertaken a global position at the Stockholm headquarters of the business.
In this role, Mok is responsible for overseeing Skanska's real estate asset portfolio in the U.S., in collaboration with the other members of its senior leadership team, to ensure that the company's strong balance sheet is maintained, allowing Skanska to self-finance the majority of its development projects. She will also be responsible for controlling, reporting, and managing risk and return by implementing financial strategies for project planning and development.
Prior to joining Skanska, Mok served as the Senior Vice President for Financial Planning & Analysis in Forest City Realty Trust's Brooklyn, NY office, where she oversaw investment analysis and financial forecasting for investments in New York office, retail, residential, and hotel asset classes, as well as sports & entertainment. Mok holds a bachelor of science in Hotel Administration from Cornell University. She is based out of Skanska's flagship office in the Empire State Building and supports the Commercial Development team nationally.
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Skanska USA Commercial Development invests in and develops customer-focused and highly sustainable office and multi-family properties in Boston, Houston, Seattle and Washington, D.C. Since 2009, Skanska has invested more than $2 billion in dozens of projects in gateway cities across the country. Skanska self-finances the majority of its projects, and serves as the construction manager.
Rob Ward, president and CEO of Skanska USA Commercial Development said: "Josie brings a deep background in finance and experience in the commercial real estate industry that will serve as a great benefit to our team. I am confident that she will play an integral role in our continued success and growth and I look forward to her contributions as a member of our U.S. leadership team."