Van Metre Cos. has appointed Mike Dunleavy as the company’s new CEO, effective immediately, to replace the retiring Rick Rabil.
Rabil is retiring after nearly two decades in the CEO role and more than four decades with Van Metre Cos.
“Van Metre has always taken a long-term view of our business, our people, and our responsibility as a family-owned company,” Beau Van Metre, chairman of Van Metre Cos., said. “Mike is the right leader for this next chapter. He understands the enterprise at a strategic level and shares our commitment to thoughtful growth, strong governance, and enduring partnerships. We are confident in his ability to lead Van Metre while honoring the values and discipline that have defined our success.”
Dunleavy joined Van Metre Cos. in 2018 as the vice president of finance, investment properties and was promoted to the role of senior vice president of finance in 2022. Since 2024, he has served in the role of chief financial officer and group president of finance.
The company said Dunleavy’s experience as CFO brings deep institutional knowledge, financial acumen, and enterprise-wide leadership experience to the CEO role.
“I am honored to step into the role of CEO at such an important moment in Van Metre’s history,” Dunleavy said. “This is a company with an extraordinary legacy, a strong culture, and a talented team across every division. I’m grateful for Rick’s leadership and mentorship, and I’m excited to build on the foundation that has been created—continuing to grow responsibly, invest strategically, and deliver long-term value for our stakeholders.”
As part of the leadership transition, Van Metre Cos. aligned its operating structure to support focus, accountability, and innovation. Van Metre Land and New Homes & Manufacturing will operate as distinct business units, each led by presidents reporting directly to the CEO. Van Metre Investment Properties will continue to operate under its existing leadership team.
Fairfax, Virginia-based Van Metre Cos. was the No. 104 company on the 2025 Builder Next 100 list, closing 517 homes in 2024 and generating $439 million in revenue.
