Sterling Infrastructure, Inc. (NasdaqGS: STRL) has announced the appointment of Ronald A. Ballschmiede as the interim Principal Financial Officer and Principal Accounting Officer following the departure of Sharon Villaverde. Mr. Ballschmiede previously served as the Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024 and has held the role of Executive Vice President from 2015 to the present.
The company has initiated a formal search process to identify a permanent Chief Financial Officer. CEO Joe Cutillo expressed his gratitude to Sharon for her contributions and wished her success in her future endeavors. He also expressed confidence in Mr. Ballschmiede's ability to seamlessly resume the CFO role during the transition period.
Sterling Infrastructure 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 and the Pacific Islands. The company is committed to sustainability and aims to operate responsibly to safeguard and improve society’s quality of life.
For further information, Noelle Dilts, VP of Investor Relations and Corporate Strategy, can be reached at 281-214-0795 or via email at [email protected]. Following these announcements, the company's shares moved 3.0%, and are now trading at a price of $121.37. Check out the company's full 8-K submission here.
