CURRENT EVENTS

South Florida Business Journal
January 30, 2009

South Florida Business Journal's 2009 CFO Awards Frederick A. Colandreo CFO, Current Builders

Frederick "Rick" Colandreo started with Current Builders in 1996 and has been instrumental in ensuring its financial success. His CPA license, degrees in both accounting and international business, and his "Big 6" experience have laid the groundwork for the company's growth. For 12 years, he has been the leading financial shareholder, responsible for keeping the company running smoothly and growing through economic booms and downturns.

Current Builders' financial results have stemmed from the construction of nearly $2 billion in construction projects throughout Florida. The construction company had revenue of $120 million last year, up from $111 million in 2007, though down from $153 million in 2006.

Colandreo oversees all aspects of Current Builders' corporate finances, as well as a team of in-house account managers who monitor and track every dollar of every construction project. He has been instrumental in controlling costs, bringing in new types of work, and restructuring the company internally to prepare for growth. He was the impetus behind developing a standard employee manual, policies and procedures, and an organized corporate structure as the company grew.

In the near term, Colandreo defines success by the success of those he manages and works with. "I feel successful when I see that our employees, who have assisted Current Builders in achieving its objectives, grow and prosper, and are rewarded both professionally and financially in their careers," he said.

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