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Sterling Announces Appointment of Ballschmiede as Interim CFO, Departure of Villaverde as CFO

THE WOODLANDS, TX — Sterling Infrastructure, Inc. (Sterling) announces the appointment of Ronald A. Ballschmiede, the company's Executive Vice President, as Sterling's interim Principal Financial Officer and Principal Accounting Officer. Ballschmiede assumes this position following the departure of Sharon Villaverde to pursue other opportunities.

Ballschmiede served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024, and he has held the role of Executive Vice President from 2015 through the present. Sterling has initiated a formal search process to identify a permanent Chief Financial Officer (CFO). "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," said 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."

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, as well as the Pacific Islands.

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