Opus Prepares for Transition as Tim Murnane Announces Retirement After 38 Years

Opus CEO Transition: Tim Murnane's Retirement and Future Plans



After 38 years of dedicated service, Tim Murnane, President and CEO of Opus, has announced his retirement, a move that is set to reshape the leadership of one of the nation’s prominent commercial real estate firms. Murnane’s decision marks the end of an era for Opus, which has seen considerable growth and transformation under his guidance.

A Legacy of Leadership


Tim Murnane's impact on Opus cannot be overstated. Having joined the company at a pivotal time, he played an instrumental role in steering the business through various challenges, including the significant shifts seen post the Global Financial Crisis (GFC). His tenure at Opus has been characterized by strong leadership and a clear vision, resulting in not only successful projects but also a culture that emphasizes core values and community commitment.

“It’s been a joy and an honor to work with this outstanding team of professionals,” Murnane stated. His retirement will take place at the end of 2026, allowing for a structured transition as the company prepares for its future.

Succession Planning in Action


As Murnane prepares to step down, the Opus Board of Directors has announced that Matt Rauenhorst, currently the CEO of Opus Development Company, will succeed him. This transition will occur over an 18-month period, allowing for adequate time to ensure continuity and mentorship. Rauenhorst has a rich history with the company, joining as an hourly laborer and progressing through the ranks to reach his current position.

Bob Underhill, Chair of the Opus Board, expressed confidence in the planned transition, stating, “Opus would not be what it is today without Tim Murnane's skillful leadership.” Rauenhorst has already demonstrated a commitment to Opus’s values and goals, making him a fitting choice for the CEO position.

Vision for the Future


Rauenhorst’s leadership style, characterized by robust engagement and strategic insight, aligns with the company’s direction as it navigates this significant change. Murnane will maintain his role as CEO during this transition and provides essential oversight of the operating companies. “I’m excited for the opportunity to partner with Matt,” Murnane said.

Additionally, Phil Cattanach is returning to the Opus team as President and CEO of Opus Development Company. Cattanach previously held multiple roles within the organization, showcasing his capabilities as a leader and developer. His experience is expected to drive further success in the development sector of Opus, enhancing the company’s reputation in the real estate market.

Cattanach expressed enthusiasm for his new role, stating, “I’m thrilled to have the opportunity to return to Opus in this new capacity.” His leadership skills will be invaluable as Opus continues to build a strong portfolio of development projects across various sectors.

A Bright Horizon


Opus is well-positioned for the future, thanks to proactive succession planning and a dedication to maintaining its legacy while evolving to meet contemporary market demands. Murnane’s departure will not only signify change but also the opportunity for fresh perspectives to emerge as Rauenhorst and Cattanach take on their new roles.

With an ongoing commitment to excellence in commercial real estate, and a renewed strategy under new leadership, Opus is set to embark on a new chapter that will honor its past while looking boldly toward the future. As the company prepares for its next phase, the integration of these new leaders promises to continue Opus's tradition of delivering exceptional real estate services and strong community engagement.

Topics Business Technology)

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