Sterling Infrastructure, Inc. announced the departure of Sharon Villaverde as Chief Financial Officer, effective March 14, 2025. Ms. Villaverde is pursuing other opportunities. The company has initiated a formal search process to identify a permanent Chief Financial Officer.
Concurrently, Ronald A. Ballschmiede, Sterling's Executive Vice President, has been appointed as the interim Principal Financial Officer and Principal Accounting Officer, effective March 14, 2025. Mr. Ballschmiede previously served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024.
CEO Joe Cutillo thanked Ms. Villaverde for her contributions and expressed confidence in Mr. Ballschmiede's ability to seamlessly resume the CFO role during this transition period. The appointment of an experienced former CFO as interim leadership provides continuity during the search for a permanent successor.
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