Sterling Infrastructure Names Ronald Ballschmiede as Interim CFO
Sterling Infrastructure, Inc. (NASDAQ: STRL) has officially appointed Ronald A. Ballschmiede as its interim Chief Financial Officer and Principal Accounting Officer. This transition comes after Sharon Villaverde has decided to leave the firm to explore new opportunities. Ballschmiede previously held the position of Chief Financial Officer and Chief Accounting Officer from 2015 until 2024, showcasing his extensive experience within the company.
Leadership Transition and Future Plans
Joe Cutillo, the Chief Executive Officer of Sterling, expressed gratitude for Villaverde's contributions during her time with the company and praised Ballschmiede's readiness to take on the CFO role seamlessly during this transitional phase. Cutillo emphasized his confidence in the company's future and the team's capability to effectively execute their strategic vision, reflecting a commitment to continued growth and operational excellence.
About Sterling Infrastructure
Sterling is structured into multiple subsidiaries focusing on three key segments: E-Infrastructure, Transportation, and Building Solutions. The company serves these segments across various regions, including the Southern, Northeastern, Mid-Atlantic, and Rocky Mountain areas, along with territories in the Pacific Islands.
E-Infrastructure Solutions
The E-Infrastructure branch of Sterling specializes in offering progressive, large-scale site development services necessary for essential sectors such as manufacturing, data centers, and power generation. This commitment to advanced infrastructure development is crucial for fueling economic growth and operational efficiency.
Transportation and Building Solutions
The Transportation Solutions segment plays a pivotal role in infrastructure rehabilitation and development, addressing the needs of highways, bridges, airports, and drainage systems. Meanwhile, Sterling's Building Solutions encompass comprehensive services for both residential and commercial projects, including foundation construction, plumbing, and more. Sterling's approach ensures they contribute positively to communities while maintaining a focus on sustainability throughout their operations.
Commitment to Community and Sustainability
At Sterling, the ethos revolves around improving society's quality of life by promoting sustainable practices and responsible operations. The company emphasizes the importance of caring for its people, communities, and investors, making its mission resonate deeply within various sectors.
Frequently Asked Questions
Who is the new interim CFO of Sterling Infrastructure?
Ronald A. Ballschmiede has been appointed as the interim Chief Financial Officer.
Why did Sharon Villaverde leave Sterling Infrastructure?
Sharon Villaverde departed to pursue other professional opportunities.
What are Sterling Infrastructure's primary business segments?
Sterling operates in E-Infrastructure, Transportation, and Building Solutions.
What is Sterling's approach to sustainability?
Sterling is committed to operating responsibly to enhance the quality of life in the communities they serve.
How can I contact Sterling Infrastructure for inquiries?
Inquiries can be directed to Noelle Dilts, VP of Investor Relations, at 281-214-0795.