Sterling appoints Sharon Villaverde as CFO and CAO; Ballschmiede to retire later in 2024

STERLING INFRASTRUCTURE, INC.

Sharon Villaverde appointed CFO and CAO effective May 13, 2024; Ron Ballschmiede to retire later in 2024.
Villaverde's base salary $500k; annual target bonus 75% of salary; equity target 115% of salary (40% RSUs, 60% PSUs).
Villaverde previously VP Finance at Sterling since March 2024; prior CAO at Dycom Industries (2018-2024).
Ballschmiede served as CFO since November 2015; will remain Executive VP for transition period.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Sharon R. Villaverde

Chief Financial Officer and Chief Accounting Officer

STRL · STERLING INFRASTRUCTURE, INC.

Effective: 2024-05-13
Filed: May 15, 2024, 7:59 PM ET

On May 11, 2024, as part of its succession plan for Mr. Ballschmiede’s role, the Company’s Board of Directors appointed Sharon R. Villaverde as CFO and CAO and the Company’s principal financial officer and principal accounting officer, effective May 13, 2024 (the “Effective Date”).

Departed

Ronald A. Ballschmiede

Executive Vice President, Chief Financial Officer and Chief Accounting Officer

STRL · STERLING INFRASTRUCTURE, INC.

Successor: Sharon R. Villaverde
Filed: May 15, 2024, 7:59 PM ET

On February 12, 2024, Ronald A. Ballschmiede, Executive Vice President, Chief Financial Officer (“CFO”) and Chief Accounting Officer (“CAO”) and the Company’s principal financial officer and principal accounting officer of Sterling Infrastructure, Inc. (the “Company”), notified the Company of his plan to retire in 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sharon R. Villaverde was appointed as Chief Financial Officer and Chief Accounting Officer at STERLING INFRASTRUCTURE, INC..

Action: appointed
Role: Chief Financial Officer and Chief Accounting Officer

Exact text from the filing

On May 11, 2024, as part of its succession plan for Mr. Ballschmiede’s role, the Company’s Board of Directors appointed Sharon R. Villaverde as CFO and CAO and the Company’s principal financial officer and principal accounting officer, effective May 13, 2024 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald A. Ballschmiede departed as Executive Vice President, Chief Financial Officer and Chief Accounting Officer at STERLING INFRASTRUCTURE, INC..

Action: notified the Company of his plan to retire
Role: Executive Vice President, Chief Financial Officer and Chief Accounting Officer

Exact text from the filing

On February 12, 2024, Ronald A. Ballschmiede, Executive Vice President, Chief Financial Officer (“CFO”) and Chief Accounting Officer (“CAO”) and the Company’s principal financial officer and principal accounting officer of Sterling Infrastructure, Inc. (the “Company”), notified the Company of his plan to retire in 2024.

View on SEC.gov

STERLING INFRASTRUCTURE, INC. filing history →

Source: SEC EDGAR

accession 0000874238-24-000104

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