The Commonwealth Companies Names New Chief Executive Officer

January 3, 2022

Adam Hanson has been named CEO of The Commonwealth Cos., a Wisconsin-based organization working in multifamily real estate development, construction, and architectural design., effective January 1, 2022. 

Hanson joined Commonwealth in early 2021 as senior vice president of finance, making a significant impact within the finance and accounting functions in addition to other operational areas across the organization.

He has over 20 years of progressive experience in public accounting and corporate finance. His professional career began with a focus on audit and tax which, over time, evolved into business owner consultation. He previously held a CFO role for a diversified group of specialty contractors and has handled accounting, financial planning, and HR services for venture capital-backed start-up companies.

“It became clear almost immediately that Adam has the strategic mindset and passion to ensure that Commonwealth continues to flourish and is positioned for the most successful future,” said Kristi Morgan, Principal, The Commonwealth Companies. “We look forward to leveraging his many skill sets across the organization.”

While maintaining overall responsibility for the finance function, Hanson will work closely with the Presidents of Commonwealth Construction Corp. and Commonwealth Development Corp. on strategically aligning entities, establishing and achieving business objectives, and positioning the organization for future growth. 

In 2018, Commonwealth and Mirus Partners (based in Middleton, WI) merged to build capacity and mentor future leaders. This past January 2021, Commonwealth announced Brent Schumacher and David Ritchay as two new Presidents that would lead the Construction and Development entities.

“Naming a CEO is the result of succession planning and intentional leadership development that we started executing a few years ago,” said Louie Lange III, Principal, The Commonwealth Companies.

“As our family of companies continues to grow, we will always look for opportunities where we can strengthen our foundation and increase positive impact in the communities we serve and will serve in the future,” said Chris Jaye, Principal, The Commonwealth Companies. “This is another move to do just that.”

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About Commonwealth: Since 2001, Commonwealth has been a leader in innovative development of affordable housing, cost-efficient construction processes, sophisticated architectural design, and quality property operations. They have been cited as the nation’s 12th Largest Affordable Housing Developer (2020) by Affordable Housing Finance and Best Affordable Housing Developer – USA (2020) by BUILD Magazine. Commonwealth’s mission is to open doors to opportunity by designing, developing, constructing, and managing winning products and services for our communities, families, partners, and employees.

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