Sterling Construction (STRL) announces CFO departure, appoints Ballschmiede as Interim

Sterling Infrastructure, Inc. (NasdaqGS: STRL) today announced the appointment of Ronald A. Ballschmiede, the Company's Executive Vice President, as Sterling's interim Principal Financial Officer and Principal Accounting Officer, effective March 14^th. Mr. Ballschmiede assumes this position following the departure of Sharon Villaverde to pursue other opportunities. Mr. Ballschmiede served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024, and has held the role of Executive Vice President from 2015 through the present. The Company has initiated a formal search process to identify a permanent Chief Financial Officer.

CEO Remarks
"I would like to thank Sharon for her contributions to Sterling over the past year and wish her all the best in her future endeavors," stated Joe Cutillo, Sterling's Chief Executive Officer. "We are very pleased that Ron can seamlessly resume the CFO role during the transition period. We remain as confident as ever in the opportunities ahead of us and our team's ability to execute at a high level," Mr. Cutillo concluded.

You May Also Be Interested In

• OpenAI: after the Hugging Face incident, we committed to conducting a much broader review of actions taken by our models
• MARA amends Texas power site purchase agreement, posts $100M deposit
• Future Money Acquisition gets Nasdaq notice over late 10-Q filing