News
Michael Dermody Named Most Respected CEO
Nevada Business Magazine recently named Michael Dermody, Chairman and CEO of Dermody Properties, one of the 2012 Most Respected CEOs, an elite group of professionals from some of Nevada’s most renowned organizations. Michael has been with Dermody Properties for 37 years, and in his time as CEO has led the company to become one of the nation’s top 10 private industrial developers.
From Nevada Business Magazine – May 1, 2012
Michael Dermody, Dermody Properties
Northern Nevada, Years with Company: 37, Years in Nevada: 61
What do you love most about your job?
I have the best job in the world. I work with great people. Our team grew from a three-man local company into a nationally ranked industrial development organization that sold a 25 million square foot portfolio in 2007. We didn’t stop. We then evolved into a partnership-based national organization with offices across the United States. Starting with zero inventory in 2007, through the Great Recession, we have developed over 4 million square feet, all accomplished with teamwork.
Most importantly, this platform has enabled us to give back to the communities that have given us so much. It’s a privilege.
What is the most important quality of a good leader?
A good leader is honest and hard working, but also takes time to appreciate his family and friends. In addition, he should strive to put others before himself. If you’re fortunate enough to do business in a community, you have a responsibility to give back to that community as well as to the team that made your success. When Dermody Properties is successful, we share that success with everyone. In our 2007 legendary sale, everyone participated … from the runner to the bookkeeper to the department heads and on up the line. This is leadership.