After 36 years with one of the city’s most prominent real estate development firms, David Gabovitch is stepping down as CFO of Browning. Matt Lesher will join the firm as CFO on October 16. Gabovitch will stay on with Browning during the transition.
Gabovitch joined the firm as a staff accountant in 1983 and was named CFO in 1986.
“I can’t overstate how integral David has been to the growth, success and culture of Browning,” said Browning President and CEO John Hirschman. “With his calm demeanor, great sense of humor, commitment to the community, and ability to see through the noise and complications and get to the heart of any issue, David has been a key leader with the firm. Without David, Browning would not be what it is today.”
A CPA with a law degree, Lesher has served as CFO for Indiana firms Standard Locknut; Small Parts, Inc.; Silver Towne, LP; and Tetherball. As an attorney with Faegre Baker Daniels, he led many significant real estate and financing transactions.
A South Bend native, Lesher earned a law degree at the Indiana University Maurer School of Law and an undergraduate degree at IU’s Kelly School of Business. He received his CPA in 2001 and started his professional career at Ernst & Young. He’s active in many civic organizations.
“Browning is very fortunate to have Matt joining our executive team as CFO,” said Hirschman. “Matt’s rich experience as a CFO, his proven leadership skills, his smarts and his friendly, collaborative and strategic approach will serve our organization well.”
Midwest Real Estate News recently named Browning the Midwest’s No. 3 developer and No. 20 construction company. Current projects include the 16Tech Innovation District and Infosys Innovation Hub in Indianapolis; the Discovery Park District project at Purdue University in West Lafayette, Indiana; the Nickel Plate mixed-use project in Fishers, Indiana, including the First Internet Bank headquarters; the AllPoints Midwest and AllPoints at Anson e-commerce and logistics parks in Central Indiana, and the Velocity 65 Trade Center e-commerce and logistics park in Shepherdsville, Kentucky.