Sterling Infrastructure Director Retires

By Bobby Samwell • Wednesday, August 28 15:11 • Permanent Link

Sterling Infrastructure, Inc. (NASDAQGS: STRL) has announced the retirement of Charles R. Patton from the company's board of directors, effective September 1, 2024. Mr. Patton has been a member of the board since 2013 and has been involved in the corporate governance & nominating committee and the compensation committee.

Thomas M. White, the chair of Sterling's board of directors, expressed gratitude for Mr. Patton's service, highlighting his significant contributions and dedication over the past 11 years. White acknowledged Mr. Patton's expertise and engagement in guiding Sterling through its transformation and growth.

Sterling operates through various subsidiaries within three segments: e-infrastructure, transportation, and building solutions in the United States, primarily across the southern, northeastern, mid-atlantic, and rocky mountain regions, as well as the Pacific islands.

The e-infrastructure solutions segment provides advanced, large-scale site development services for manufacturing, data centers, e-commerce distribution centers, warehousing, power generation, and more. The transportation solutions segment includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail, and storm drainage systems. Building solutions encompass 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.

According to Joe Cutillo, the CEO of Sterling, the company is committed to sustainability and operates responsibly to safeguard and improve society's quality of life. Cutillo emphasized their dedication to caring for their people, communities, customers, and investors.

Investors and stockholders should take note of this change in the board of directors and consider its potential impact on the company's strategic direction and governance. Today the company's shares have moved -0.0% to a price of $117.39. Check out the company's full 8-K submission here.

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