After more than 80 years in business, a Lancaster County
company opened today with a new name and a new leader.
Paul Risk Associates Inc. will now operate as Paul Risk
Construction, while Donald J. "DJ" Risk will take his father’s place
as president of the company.
Former president Steven P. Risk is now chairman of the
board.
The change in leadership has been a long time coming, as
it is part of the succession planning for Steven Risk’s upcoming retirement.
“He’ll still be in the area and heavily involved in the
business at least three more years, so it’s kind of a nice transition period to
put me in the president role,” DJ Risk said.
Steven Risk became president of the family-owned
construction company in 1995 after his father, Paul D. Risk, retired. As
chairman of the board, Risk will continue to work with clients during the early
stages of design and development.
His son, DJ Risk, worked in the family business as a field
laborer during high school and between semesters at college.
DJ Risk has a bachelor’s degree in independent studies
from Arizona State University, where he focused on business administration,
urban planning and construction management.
After graduation, he worked as project manager and
technology adviser at Risk. In 2011, he was promoted to vice president and
project executive.
DJ Risk represents the fourth generation to lead the
family construction business, which has been considering a name change for
quite a few years. Known previously as Risk Associates, people would often
confuse it for an insurance company.
“We really wanted to align what we do with our name. We
love construction. We love building things,” Risk said. “When you introduce
yourself as 'Associates,' people didn’t know what we do.”
Founded in 1932 in the southern end of Lancaster County,
the company serves a niche in senior living projects.
Last week it was awarded a project at Tel Hai Retirement
Community in Honey Brook Township, Chester County, where it will break ground
in September.
Senior living makes up 60 percent to 70 percent of the
company’s business, according to Risk.
Source: Central
Penn Business Journal
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