New CFO Sharon Villaverde Joins Sterling Infrastructure

Sterling Infrastructure, Inc. (NASDAQGS: STRL) recently announced the appointment of Sharon Villaverde as the company's new Chief Financial Officer (CFO) and Chief Accounting Officer (CAO), effective May 13, 2024. Sharon succeeds Ron Ballschmiede, who has been in the role of Executive Vice President, CFO, and CAO since November 2015.

Sharon Villaverde brings with her 30 years of experience in accounting and finance roles at various public companies spanning diverse industries. Prior to joining Sterling, she held the position of Vice President and Chief Accounting Officer at Dycom Industries, Inc. from 2018. She also served as Vice President of Finance at Natus Medical Incorporated and held accounting and financial management roles at Lockheed Martin Corporation and Alcon Inc. Sharon started her career as an accountant at Deloitte & Touche and holds a Bachelor of Science in Accounting from the University of Central Oklahoma.

Joe Cutillo, Sterling’s CEO, expressed his excitement about Sharon's appointment, stating that her experience and insights will be a valuable asset to the company. Additionally, he emphasized that Ron and Sharon will work together in the coming months to ensure a seamless transition.

Ron Ballschmiede, while reflecting on his time at Sterling, expressed pride in the company's transformation and the team that has been built. He mentioned that his focus remains on his CFO duties through the transition, after which he looks forward to spending more time with his family.

Sharon Villaverde expressed her honor in serving as Sterling's CFO and CAO and conveyed her eagerness to guide the financial teams to new achievements and contribute to the company's continued growth and success.

Sterling Infrastructure, Inc. operates through various subsidiaries within three segments specializing in e-infrastructure, transportation, and building solutions in the United States. The company primarily operates across the southern, northeastern, mid-atlantic and rocky mountain regions and the Pacific islands. Its services include advanced, large-scale site development services, infrastructure and rehabilitation projects, and residential and commercial concrete foundations, among others.

Following these announcements, the company's shares moved 6.0%, and are now trading at a price of $134.97. For the full picture, make sure to review Sterling Infrastructure's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.