Sterling Announces Appointment of Dan Govin as Chief Operating Officer

Rhea-AI Summary

Sterling Infrastructure (NasdaqGS: STRL) has announced the appointment of Dan Govin as Chief Operating Officer (COO). Govin brings 30 years of experience in operations and leadership to Sterling, with a significant background in the energy infrastructure industry. He previously held the position of Regional President at Quanta Services and has an MBA from Rollins College.

In his new role, Govin will be responsible for leading the execution of Sterling's strategic and operational activities. CEO Joe Cutillo expressed confidence that Govin's strategic vision, successful track record of business growth, and history of operational excellence will be instrumental in shaping Sterling's future and delivering greater value to shareholders.

Positive

• Appointment of experienced COO with 30 years in operations and leadership
• New COO has a strong background in energy infrastructure industry
• Potential for improved execution of strategic and operational activities
• CEO expresses confidence in new COO's ability to drive business growth

Negative

• None.

News Market Reaction

+3.80%

1 alert

+3.80% News Effect

On the day this news was published, STRL gained 3.80%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

THE WOODLANDS, Texas, Aug. 8, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced the appointment of Dan Govin as Chief Operating Officer ("COO"). In this role, Dan will be responsible for leading the execution of Sterling's strategic and operational activities.

Dan brings 30 years of experience in operations and leadership to Sterling. Since 1994, Dan has held multiple commercial and operations management roles within the energy infrastructure industry. Starting in 2007, Dan joined Quanta Services, where he most recently held the position of Regional President, and previously served as President of Par Electrical Contractors and Senior Vice President of Operations. He holds a Master of Business Administration from the Roy E. Crummer School of Business at Rollins College and a Bachelor of Science from the University of Wisconsin Green Bay.

Joe Cutillo, Sterling's CEO, commented, "I am pleased to announce the appointment of Dan Govin to COO of Sterling. Over the past several years we have built a solid platform for growth and are now adding the right people to help us capitalize on the opportunities ahead. Dan's strategic vision, successful track record of business growth, and history of operational excellence will be instrumental in helping to shape Sterling's future. We are very excited to have him on board and are confident he will help us deliver even greater value to our shareholders."

About Sterling

Sterling operates through a variety of subsidiaries within three segments specializing in E-Infrastructure, Transportation and Building Solutions in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions and the Pacific Islands. E-Infrastructure Solutions provides advanced, large-scale site development services for manufacturing, data centers, e-commerce distribution centers, warehousing, power generation and more. Transportation Solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail and storm drainage systems. Building Solutions includes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, other concrete work and plumbing services for new single-family residential builds. From strategy to operations, we are committed to sustainability by operating responsibly to safeguard and improve society's quality of life. Caring for our people and our communities, our customers and our investors – that is The Sterling Way.

Joe Cutillo, CEO, "We build and service the infrastructure that enables our economy to run, our people to move and our country to grow."

Important Information for Investors and Stockholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements that are considered forward-looking statements within the meaning of the federal securities laws. Any such statements are subject to risks and uncertainties, including those risks identified in the Company's filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. The forward-looking statements speak only as of the date made, and we undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise, notwithstanding any changes in our assumptions, changes in business plans, actual experience or other changes. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.

Sterling Infrastructure Contacts:

Noelle Dilts, VP of Investor Relations and Corporate Strategy
281-214-0795
noelle.dilts@strlco.com

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SOURCE Sterling Infrastructure, Inc.

FAQ

Who is the new COO of Sterling Infrastructure (STRL)?

Dan Govin has been appointed as the new Chief Operating Officer of Sterling Infrastructure (STRL).

What is Dan Govin's background before joining Sterling Infrastructure (STRL)?

Dan Govin has 30 years of experience in operations and leadership, most recently serving as Regional President at Quanta Services. He also held positions as President of Par Electrical Contractors and Senior Vice President of Operations.

What will be Dan Govin's responsibilities as COO of Sterling Infrastructure (STRL)?

As COO of Sterling Infrastructure (STRL), Dan Govin will be responsible for leading the execution of the company's strategic and operational activities.

How does Sterling Infrastructure (STRL) expect Dan Govin to impact the company?

Sterling Infrastructure (STRL) expects Dan Govin's strategic vision, successful track record of business growth, and history of operational excellence to help shape the company's future and deliver greater value to shareholders.