THE WOODLANDS,
Texas, May 15, 2024 /PRNewswire/ -- Sterling
Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the
Company") today announced the promotion of Sharon Villaverde to the roles of Chief
Financial Officer (CFO) and Chief Accounting Officer (CAO),
effective May 13, 2024. Sharon is
succeeding Ron Ballschmiede, who has
served as Sterling's Executive Vice President, CFO and CAO since
November 2015. Ron will remain
Executive Vice President, focusing on a smooth transition of his
CFO duties until his planned retirement later this year.
Sharon has 30 years of experience in
accounting and finance roles at prominent public companies spanning
diverse industries, including telecommunications construction,
manufacturing, and defense contracting. Before joining Sterling as
Vice President of Finance in March
2024, Sharon held the position of Vice President and Chief
Accounting Officer at Dycom Industries, Inc. from 2018. Prior to
this, she served as Vice President of Finance at Natus Medical
Incorporated and also held accounting and financial management
roles at Lockheed Martin Corporation and Alcon Inc. Sharon began
her career as an accountant at Deloitte & Touche. She earned a
Bachelor of Science in Accounting from the University of Central Oklahoma and is a Certified
Public Accountant.
Joe Cutillo,
Sterling's CEO, commented, "Sharon is the right person to help us
build upon our strong financial platform and balance sheet as we
capitalize on the unprecedented market opportunities ahead. We are
extremely excited to have Sharon on our executive leadership team.
Her experience and insights will be a valuable asset to Sterling."
Mr. Cutillo continued, "Ron has been a tremendous partner as we
worked to build Sterling into the company it is today. His
leadership, strategic insights, and financial acumen were a key
part of Sterling's transformation over the past eight and a half
years. Ron and Sharon will work together in the coming months to
ensure a seamless transition."
Ron Ballschmiede
remarked, "When I joined Sterling, we had a vision to transform the
company into a leading infrastructure services provider. I could
not be more proud of how far we've come, the team that we have
built, and the opportunities ahead. My years at Sterling have been
some of the most fulfilling of my career. My focus remains on my
CFO duties through the transition, after which I look forward to
spending more time with my family."
Sharon Villaverde
concluded, "I am honored to serve as Sterling's CFO and CAO. I look
forward to guiding our financial teams to new achievements and
contributing to Sterling's continued growth and success."
About Sterling
Sterling operates through a variety of
subsidiaries within three segments specializing in
E-Infrastructure, Transportation and Building Solutions in
the United States, primarily
across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain
regions and the Pacific Islands. E-Infrastructure Solutions
provides advanced, large-scale site development services for
manufacturing, data centers, e-commerce distribution centers,
warehousing, power generation and more. Transportation Solutions
includes infrastructure and rehabilitation projects for highways,
roads, bridges, airports, ports, rail and storm drainage systems.
Building Solutions includes residential and commercial concrete
foundations for single-family and multi-family homes, parking
structures, elevated slabs, other concrete work, and plumbing
services for new single-family residential builds. From strategy to
operations, we are committed to sustainability by operating
responsibly to safeguard and improve society's quality of life.
Caring for our people and our communities, our customers and our
investors – that is The Sterling Way.
Joe Cutillo,
CEO, "We build and service the infrastructure that enables our
economy to run,
our people to move and our country to grow."
Important Information for Investors and
Stockholders
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains statements that are
considered forward-looking statements within the meaning of the
federal securities laws. Any such statements are subject to risks
and uncertainties, including those risks identified in the
Company's filings with the Securities and Exchange Commission.
Accordingly, such statements should be considered in light of these
risks. The forward-looking statements speak only as of the date
made, and we undertake no obligation to publicly update or revise
any forward-looking statements for any reason, whether as a result
of new information, future events or developments, changed
circumstances, or otherwise, notwithstanding any changes in our
assumptions, changes in business plans, actual experience or other
changes. These cautionary statements qualify all forward-looking
statements attributable to us or persons acting on our behalf.
Sterling Infrastructure Contacts:
Noelle Dilts, VP of Investor
Relations and Corporate Strategy
281-214-0795
noelle.dilts@strlco.com
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SOURCE Sterling Infrastructure, Inc.
