Orion Group Holdings Welcomes New CFO
Alison Vasquez, a highly skilled leader with an impressive 25 years of experience in finance and substantial leadership roles in public companies, is set to join Orion Group Holdings, Inc. (NYSE: ORN) as the new Chief Financial Officer (CFO). Her appointment marks a significant transition as the company continues its journey towards enhanced growth and profitability.
Leadership Transition Announcement
Effective June 23, 2025, Vasquez will take over from Scott Thanisch, who has served as the Executive Vice President, CFO, and Treasurer. Thanisch will remain in an advisory capacity until July 1 to ensure a seamless transition. The Board and current management have expressed their confidence that Vasquez’s extensive background in accounting and finance will play a crucial role in guiding Orion through its next phase.
Commitment to 2025 Guidance
Orion is reaffirming its 2025 financial guidance, projecting revenues between $800 million to $850 million and Adjusted EBITDA ranging from $42 million to $46 million. This constancy in outlook reflects the company's commitment to its strategic goals amid the leadership shift.
Vasquez's Notable Experience
Before becoming CFO at Orion, Vasquez was the Senior Vice President and Chief Accounting Officer at KBR, Inc. (NYSE: KBR), where she successfully managed a large team of over 350 professionals in various accounting functions. Her roles included Vice President of FP&A and Chief Auditor, showcasing her versatility and leadership across different segments of finance and operations.
Strategic Vision for Orion
Travis Boone, President and CEO of Orion, commented on the addition of Vasquez, stating, “We are thrilled to welcome Alison to our executive leadership team. Her extensive experience in the financial sector and her adeptness in financial strategies position her well to drive Orion toward its goals.” Boone emphasized that Vasquez’s background aligns perfectly with Orion’s strategies to enhance shareholder value.
Orion's Future Under New Leadership
During her tenure at KBR and previous companies, Vasquez gained substantial experience in mergers and acquisitions, which will add value to Orion's initiatives as they explore new opportunities within the specialty construction domain. Vasquez expressed excitement about her new role, indicating that the company has unique competitive advantages and significant market opportunities ahead.
Background on Orion Group Holdings
Orion Group Holdings specializes in providing unique construction services for the infrastructure, industrial, and building sectors. The company has deep capabilities both on land and in marine environments. Its marine segment offers services such as construction of marine facilities, dredging, and environmental structure creation. Furthermore, Orion's concrete segment is known for turnkey concrete construction services that cater to large commercial projects.
Commitment to Stakeholders and Market Position
Besides its operational capabilities, Orion maintains a strong industry presence in the continental United States, Alaska, Hawaii, Canada, and the Caribbean. The company’s headquarters in Houston, Texas supports its regional offices to effectively manage and deliver projects seamlessly across varied locations. With a robust vision and a commitment to excellence, Orion aims to continue serving its stakeholders and the wider community effectively.
Frequently Asked Questions
Who is the new CFO of Orion Group Holdings?
The new CFO is Alison Vasquez, who brings over 25 years of finance experience to the role.
What will be the transition process for the new CFO?
Scott Thanisch will remain in an advisory role until July 1 to ensure a smooth transition for Vasquez.
What is Orion's financial guidance for 2025?
The company expects revenues between $800 million to $850 million and Adjusted EBITDA in the range of $42 million to $46 million.
What previous roles did Alison Vasquez hold before joining Orion?
Vasquez served as Senior Vice President and Chief Accounting Officer at KBR, Inc. and has held several senior finance roles throughout her career.
What services does Orion Group Holdings provide?
Orion offers specialty construction services across infrastructure, industrial, and building sectors, along with marine construction and concrete services.
