Webcor Builders named Jes Pedersen, the current executive vice president and chief business officer, as the company’s new president and chief executive officer, replacing longtime executive Andy Ball.

Pedersen has served for years as a Webcor’s senior executive, who has led the transition of a company working only in the private sector to a now more diverse company with major projects in the public and federal marketplace.

“On behalf of all of Webcor, I want to recognize, appreciate and give a special thanks to Andy Ball for all he has done for Webcor,” said Pedersen in a statement. “We are grateful to Andy. I am very excited for the opportunity to lead this company, given that its employees and fundamentals are sound and that we are financially strong to grow our portfolio of projects.”

Webcor, which has consistently ranked within the top five Top Contractors in ENR California’s annual ranking, is moving back into the private arena with three major residential projects recently breaking ground in San Francisco: the second phase of One Rincon Hill, at 52 stories and 299 units; 260 Fifth St., with 154 units; and 333 Harrison, at 326 units. Webcor is also working on several high-profile public projects, including the new Transbay Terminal in San Francisco, the replacement San Francisco General Hospital and UC Berkeley’s Memorial Stadium renovation.