#United States #The Woodlands #Sterling Infrastructure #Ronald Ballschmiede #Sharon Villaverde

Sterling Infrastructure Welcomes Ronald Ballschmiede as Interim CFO After Sharon Villaverde's Departure

Sterling Infrastructure Announces Leadership Transition

Sterling Infrastructure, Inc. (NasdaqGS: STRL) has officially announced a pivotal shift within its executive leadership. Ronald A. Ballschmiede, previously the Executive Vice President of the company, has been appointed as the interim Chief Financial Officer (CFO) and Principal Accounting Officer, effective immediately as of March 14, 2025. This change comes on the heels of Sharon Villaverde's departure, who has decided to pursue different opportunities outside the company.

Mr. Ballschmiede has a rich history with Sterling, having served as the Chief Financial Officer and Chief Accounting Officer from November 2015 until May 2024. His extensive experience within the company positions him to effectively take over the CFO duties during this transitional period. According to Joe Cutillo, the Chief Executive Officer of Sterling, this leadership change marks a continuation of the company's operational strength. "We are very pleased that Ron can seamlessly resume the CFO role during the transition period,” he stated. Cutillo also expressed gratitude for Villaverde's contributions to Sterling over the past year, wishing her well in her future endeavors.

The company is now embarking on a formal search for a permanent Chief Financial Officer. This search will ensure that Sterling continues its commitment to excellence, as the company focuses on expanding its investment and growth strategies.

About Sterling Infrastructure

Sterling operates a diverse array of subsidiaries, primarily engaged in three critical segments: E-Infrastructure, Transportation, and Building Solutions, catering predominantly to clients across the Southern, Northeastern, Mid-Atlantic, and Rocky Mountain regions, as well as the Pacific Islands.

- E-Infrastructure Solutions provides high-level site development services essential for diverse industries such as manufacturing and data management. Their large-scale projects encompass everything from warehouse construction to power generation facilities.
- Transportation Solutions includes extensive rehabilitation and infrastructure projects aimed at improving highways, bridges, airports, and drainage systems across the United States.
- Building Solutions encompasses both residential and commercial concrete foundation projects, in addition to plumbing services and other concrete-related work.

Commitment to Sustainability

At Sterling, sustainability remains a core principle guiding operations. The company is dedicated to making a positive impact on society through responsible operating practices that aim to improve the quality of life for the communities they serve. CEO Joe Cutillo emphasizes that one of Sterling's primary objectives is to build and service essential infrastructure supporting economic growth and connectivity across the nation.

With Ballschmiede steering through this transitional phase, Sterling is well-prepared to maintain momentum and capitalize on upcoming opportunities. As they engage in the search for a new CFO, the company remains focused on its strategy and operational execution.

For more information on Sterling Infrastructure, please contact Noelle Dilts, VP of Investor Relations and Corporate Strategy.