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Sterling Announces the Appointment of Ronald Ballschmiede as Interim Chief Financial Officer and the Departure of Sharon Villaverde as Chief Financial Officer

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Sterling Infrastructure (NASDAQ: STRL) has announced leadership changes in its financial department. Ronald A. Ballschmiede, the company's Executive Vice President, has been appointed as interim Principal Financial Officer and Principal Accounting Officer, effective March 14th, 2025. This appointment follows the departure of Sharon Villaverde, who is leaving to pursue other opportunities.

Ballschmiede brings significant experience to the interim role, having previously served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024, while maintaining his Executive Vice President position since 2015. The company has initiated a formal search process to identify a permanent Chief Financial Officer.

Sterling Infrastructure (NASDAQ: STRL) ha annunciato cambiamenti nella leadership del suo dipartimento finanziario. Ronald A. Ballschmiede, Vicepresidente Esecutivo dell'azienda, è stato nominato come Chief Financial Officer e Chief Accounting Officer ad interim, con effetto dal 14 marzo 2025. Questa nomina segue la partenza di Sharon Villaverde, che lascia per perseguire altre opportunità.

Ballschmiede porta un'esperienza significativa nel ruolo ad interim, avendo precedentemente ricoperto le cariche di Chief Financial Officer e Chief Accounting Officer di Sterling da novembre 2015 a maggio 2024, mantenendo nel contempo la sua posizione di Vicepresidente Esecutivo dal 2015. L'azienda ha avviato un processo di ricerca formale per identificare un Chief Financial Officer permanente.

Sterling Infrastructure (NASDAQ: STRL) ha anunciado cambios en la dirección de su departamento financiero. Ronald A. Ballschmiede, Vicepresidente Ejecutivo de la empresa, ha sido nombrado como Director Financiero Principal y Director de Contabilidad Principal interino, con efecto a partir del 14 de marzo de 2025. Este nombramiento sigue a la salida de Sharon Villaverde, quien se va para buscar otras oportunidades.

Ballschmiede aporta una experiencia significativa al rol interino, habiendo ocupado anteriormente los cargos de Director Financiero y Director de Contabilidad de Sterling desde noviembre de 2015 hasta mayo de 2024, mientras mantenía su posición de Vicepresidente Ejecutivo desde 2015. La empresa ha iniciado un proceso de búsqueda formal para identificar un Director Financiero Principal permanente.

스터링 인프라스트럭처 (NASDAQ: STRL)는 재무 부서의 리더십 변화를 발표했습니다. 회사의 부사장인 로널드 A. 발슈미데가 2025년 3월 14일부터 임시 최고 재무 책임자 및 임시 회계 책임자로 임명되었습니다. 이 임명은 샤론 빌라베르데의 퇴사에 따른 것으로, 그녀는 다른 기회를 추구하기 위해 떠납니다.

발슈미데는 2015년 11월부터 2024년 5월까지 스터링의 최고 재무 책임자와 최고 회계 책임자로 근무한 경험이 있으며, 2015년부터 부사장직을 유지하고 있습니다. 회사는 영구적인 최고 재무 책임자를 찾기 위한 공식적인 검색 프로세스를 시작했습니다.

Sterling Infrastructure (NASDAQ: STRL) a annoncé des changements de direction dans son département financier. Ronald A. Ballschmiede, Vice-Président Exécutif de l'entreprise, a été nommé Directeur Financier Principal et Directeur Comptable Principal par intérim, à compter du 14 mars 2025. Cette nomination fait suite au départ de Sharon Villaverde, qui quitte pour poursuivre d'autres opportunités.

Ballschmiede apporte une expérience significative à ce rôle intérimaire, ayant précédemment occupé les postes de Directeur Financier et de Directeur Comptable de Sterling de novembre 2015 à mai 2024, tout en maintenant sa position de Vice-Président Exécutif depuis 2015. L'entreprise a lancé un processus de recherche formel pour identifier un Directeur Financier Principal permanent.

Sterling Infrastructure (NASDAQ: STRL) hat Führungswechsel in seiner Finanzabteilung angekündigt. Ronald A. Ballschmiede, der Executive Vice President des Unternehmens, wurde mit Wirkung zum 14. März 2025 zum Interim Principal Financial Officer und Interim Principal Accounting Officer ernannt. Diese Ernennung folgt auf den Weggang von Sharon Villaverde, die das Unternehmen verlässt, um andere Möglichkeiten zu verfolgen.

Ballschmiede bringt bedeutende Erfahrungen in die interimistische Rolle ein, nachdem er von November 2015 bis Mai 2024 als Chief Financial Officer und Chief Accounting Officer von Sterling tätig war, während er seit 2015 die Position des Executive Vice President innehat. Das Unternehmen hat einen formellen Suchprozess eingeleitet, um einen dauerhaften Chief Financial Officer zu finden.

Positive
  • Seamless transition with experienced interim CFO who previously served in the role for 8.5 years
  • Continuity in financial leadership maintained through internal appointment
Negative
  • Unexpected departure of CFO after only one year in the position
  • Additional executive search costs and potential disruption during transition period

THE WOODLANDS, Texas, March 14, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced the appointment of Ronald A. Ballschmiede, the Company's Executive Vice President, as Sterling's interim Principal Financial Officer and Principal Accounting Officer, effective March 14th.  Mr. Ballschmiede assumes this position following the departure of Sharon Villaverde to pursue other opportunities. Mr. Ballschmiede served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024, and has held the role of Executive Vice President from 2015 through the present. The Company has initiated a formal search process to identify a permanent Chief Financial Officer.

CEO Remarks 
"I would like to thank Sharon for her contributions to Sterling over the past year and wish her all the best in her future endeavors," stated Joe Cutillo, Sterling's Chief Executive Officer. "We are very pleased that Ron can seamlessly resume the CFO role during the transition period. We remain as confident as ever in the opportunities ahead of us and our team's ability to execute at a high level," Mr. Cutillo concluded.

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, large scale 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, plumbing services, and surveys 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."

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sterling-announces-the-appointment-of-ronald-ballschmiede-as-interim-chief-financial-officer-and-the-departure-of-sharon-villaverde-as-chief-financial-officer-302402202.html

SOURCE Sterling Infrastructure, Inc.

FAQ

Who is the new interim CFO of Sterling Infrastructure (STRL) as of March 14, 2025?

Ronald A. Ballschmiede, Sterling's Executive Vice President, has been appointed as interim Principal Financial Officer and Principal Accounting Officer.

What is Ronald Ballschmiede's previous experience at Sterling Infrastructure (STRL)?

Ballschmiede served as Sterling's CFO and Chief Accounting Officer from November 2015 to May 2024, and has been Executive Vice President since 2015.

Why did Sharon Villaverde leave her position as CFO at Sterling Infrastructure (STRL)?

According to the announcement, Sharon Villaverde left Sterling Infrastructure to pursue other opportunities.

What is Sterling Infrastructure's (STRL) plan for finding a permanent CFO?

Sterling has initiated a formal search process to identify a permanent Chief Financial Officer.
Sterling Infra

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