THE
WOODLANDS, Texas, Feb. 22,
2024 /PRNewswire/ -- Sterling Infrastructure,
Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced
the election of William T. Bosway to
its Board of Directors, enlarging the Board to eight members,
effective March 7, 2024. Mr. Bosway
was appointed to the Audit Committee and the Corporate Governance
& Nominating Committee.
Mr. Bosway has experience in large public manufacturing and
distribution companies as an executive and a board member. He has
served as Chief Executive Officer and Chairman of the Board of
Gibraltar Industries, Inc. (NASDAQ: ROCK) since January 2022 after serving as President, Chief
Executive and Director since January
2019. Mr. Bosway previously served as President and Chief
Executive Officer of the Refrigeration and Food Equipment Division
of Dover Corporation (NYSE: DOV), a diversified global
manufacturer, from June 2016 to
December 2018. Prior to joining
Dover Corporation, Mr. Bosway spent 26 years with Emerson Electric
Co. (NYSE: EMR) serving as Group Vice President, Solutions &
Technology for Emerson Climate Technologies, a global manufacturer
of industrial, commercial and consumer products, from May 2008 to June
2016.
Mr. Bosway earned a Bachelor of Science in Finance from
Miami University and received a Master
of Science in Management from Purdue
University.
CEO Remarks
"The Sterling Board and management team
are pleased to welcome Bill as our newest director," stated
Joe Cutillo, Sterling's Chief
Executive Officer. "His experience leading Gibraltar and at Fortune 500 companies will
bring valuable insight and perspective to our Board. We are
confident that Bill will be a tremendous addition to our Board and
look forward to beginning this relationship."
About Sterling
Sterling Infrastructure, Inc., ("Sterling," "the Company," "we,"
"our" or "us"), a Delaware
corporation, 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 Hawaii. 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 projects include residential and commercial concrete
foundations for single-family and multi-family homes, parking
structures, elevated slabs, other concrete work, and residential
plumbing services. 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. Forward-looking statements included herein relate
to matters that are not based on historical facts and reflect our
current expectations as of the date of this press release,
including statements about: our outlook, our business strategy, our
financial strategy and allocation of cash flows. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond our control, which include:
changes in the Company's financial position, business strategy, and
other factors identified in the Company's filings with the
Securities and Exchange Commission. Accordingly, any
forward-looking 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.
Investor Relations Company Contact
Sterling
Infrastructure, Inc.
Noelle Dilts, VP of Investor
Relations and Corporate Strategy
281-214-0795
Noelle.Dilts@strlco.com
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SOURCE Sterling Infrastructure, Inc.