Tutor Perini Appoints Gary Smalley as CEO

By Bobby Samwell • Thursday, January 02 15:21 • Permanent Link

Tutor Perini Corporation, a leading civil, building, and specialty construction company, has announced the appointment of Gary Smalley as its new Chief Executive Officer (CEO). This change comes as Ronald N. Tutor transitions to the role of Executive Chairman of Tutor Perini’s Board of Directors after serving as Chairman and CEO since 2008.

Gary Smalley, who previously served as President of Tutor Perini since November 2023, has taken over as CEO effective January 1, 2025. Before his role as President, Smalley served as the Executive Vice President and Chief Financial Officer of the company since September 2015.

Under Ronald Tutor's leadership, the company has experienced significant growth and prosperity, capitalizing on increased infrastructure spending across its civil and building end markets, and strengthening its balance sheet. The company currently boasts a record backlog and has strong visibility into future cash flow generation and profitability.

Ronald Tutor expressed confidence in Gary Smalley's leadership, citing his instrumental role in the company's growth and prosperity over the past decade. The Board also expressed strong confidence in Smalley's appointment as the new CEO and looks forward to working with him to guide the company into the future.

In his new role, Smalley expressed his commitment to advancing the company's strategy, executing recent major project wins, returning to profitability, and pursuing growth opportunities to enhance shareholder value. He also acknowledged Tutor's mentorship and extraordinary leadership in establishing a strong foundation for the company's continued success.

Tutor Perini Corporation, which has provided construction services since 1894, offers diversified general contracting and design-build services to private customers and public agencies worldwide. The company has established a strong reputation by executing large, complex projects on time and within budget, while adhering to strict quality control measures.

This announcement marks a significant transition for Tutor Perini Corporation as it looks toward a new era of leadership under Gary Smalley's guidance. Today the company's shares have moved -0.9% to a price of $23.97. For the full picture, make sure to review Tutor Perini's 8-K report.

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