Granite CFO Announces Planned Retirement Date, Successor CFO Named
Granite's CFO, Lisa Curtis, has announced her retirement effective September 16, 2024. Curtis, who has been in her role since January 2021, will be succeeded by Staci Woolsey, the current Chief Accounting Officer (CAO) and Senior Vice President.
Woolsey joined Granite in June 2021 and will take over as CFO on the same date as Curtis's retirement. In her new role, Woolsey will oversee all of Granite's financial functions including corporate accounting, operational finance, tax, treasury, investor relations, internal audit, and IT.
Kyle Larkin, Granite President and CEO, praised both Curtis for her leadership over the past three years and Woolsey for her extensive industry knowledge and effectiveness as a leader.
- Lisa Curtis has provided invaluable leadership that helped transform Granite over the past three years.
- Staci Woolsey has shown extensive knowledge of the construction industry and effectiveness as a leader since joining Granite in June 2021.
- Woolsey will bring experience in corporate accounting, operational finance, internal controls compliance, and reporting to her new role as CFO.
- The transition to a new CFO may introduce a period of adjustment within Granite's financial leadership.
- Any unforeseen challenges or delays in the transition could impact investor confidence and potentially affect stock performance.
“Lisa stepped into her current role in January 2021,” stated Granite President and CEO Kyle Larkin. “The company and I are grateful for Lisa’s many contributions. Lisa’s perspective and leadership has been invaluable as we have transformed our company over the last three years,” added Kyle Larkin.
Staci Woolsey, senior vice president and chief accounting officer, joined Granite in June 2021 and will be promoted to executive vice president and chief financial officer on September 16, 2024. As CFO, Staci will be responsible for leading all of Granite’s global financial functions including corporate accounting and finance, operational finance, tax, treasury, investor relations, internal audit, and IT.
“During her tenure at Granite, Staci has proven herself as an effective leader who has extensive knowledge of the construction industry,” explained Kyle Larkin. “Staci has the experience to excel in her new role as CFO, and I look forward to her contributions as a member of Granite’s executive committee,” added Larkin.
As CAO, Staci's primary areas of responsibility included corporate accounting, operational finance, internal controls compliance, and external and internal reporting.
About Lisa Curtis
Lisa Curtis’ career spans nearly 30 years and includes experience in accounting, finance, investor relations, and project management. Lisa joined Granite through the Layne Christensen acquisition in June 2018 and served as vice president and integration management officer until June 2019. She was promoted to vice president of investor relations, and later served as Granite’s chief accounting officer before assuming her current role of executive vice president and chief financial officer. Prior to joining Granite, Lisa served as vice president and chief accounting officer for Layne Christensen Company. Before joining Layne, Lisa worked for Cameron serving in positions of increasing responsibility and ultimately as their controller, responsible for external reporting, accounting policies, and internal controls. Lisa began her career in public accounting with Deloitte and graduated from Texas A&M University with bachelor’s degrees in accounting and finance. Lisa is a certified public accountant in
About Staci Woolsey
With 25 years of experience, Staci Woolsey has served as a VP, Controller, and CAO since 2014 at various notable companies. Her expertise spans global accounting, finance, and leadership, and more specifically, she is experienced in corporate accounting, SEC reporting, shared services, financial systems, planning and forecasting, investor relations, capital markets, post-merger integration, restructuring, and internal controls. Staci received a bachelor's degree in accounting from the University of
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in
Forward-looking Statements
Any statements contained in this news release that are not based on historical facts, including statements regarding future events, occurrences, opportunities, circumstances, activities, performance, growth, demand, strategic plans, shareholder value, outcomes, outlook, CAP, results, Ms. Curtis’ retirement and Ms. Woolsey’s promotion, responsibilities in her new role and her attendance at the Stanford Executive Program constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by words such as “future,” “outlook,” “assumes,” “believes,” “expects,” “estimates,” “anticipates,” “intends,” “plans,” “appears,” “may,” “will,” “should,” “could,” “would,” “continue,” "guidance" and the negatives thereof or other comparable terminology or by the context in which they are made. These forward-looking statements are estimates reflecting the best judgment of senior management and reflect our current expectations regarding future events, occurrences, opportunities, circumstances, activities, performance, growth, demand, strategic plans, shareholder value, outcomes, outlook, CAP, results, Ms. Curtis’ retirement and Ms. Woolsey’s promotion, responsibilities in her new role and her attendance at the Stanford Executive Program. These expectations may or may not be realized. Some of these expectations may be based on beliefs, assumptions or estimates that may prove to be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our business, financial condition, results of operations, cash flows and liquidity. Such risks and uncertainties include, but are not limited to, those described in greater detail in our filings with the Securities and Exchange Commission, particularly those described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Due to the inherent risks and uncertainties associated with our forward-looking statements, the reader is cautioned not to place undue reliance on them. The reader is also cautioned that the forward-looking statements contained herein speak only as of the date of this news release and, except as required by law; we undertake no obligation to revise or update any forward-looking statements for any reason.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240514044999/en/
Granite Contacts
Media
Erin Kuhlman 831-768-4111
Investors
Wenjun Xu - 831-761-7861
Source: Granite
FAQ
When is Granite CFO Lisa Curtis retiring?
Who will succeed Lisa Curtis as Granite CFO?
When will Staci Woolsey take over as Granite's CFO?
What are Staci Woolsey’s responsibilities as Granite’s new CFO?
What is the stock symbol for Granite?
