HOUSTON -- (Business Wire)
Sterling Construction Company, Inc. (NasdaqGS: STRL), ("Sterling" or the
"Company") today reported that, as previously anticipated, Joseph P.
Harper, Sr., 67, has retired as President, Chief Operating Officer and
Treasurer of the Company. Concurrent with Mr. Harper's retirement, the
Board of Directors has elected Sterling’s Chief Executive Officer, Peter
E. MacKenna, to succeed Mr. Harper in the additional role of President.
Sterling’s Executive Vice President and Chief Financial Officer,
Elizabeth D. Brumley, will now also serve as Treasurer. Mr. Harper will
continue to serve on Sterling’s Board of Directors. The Company is not
filling the position of chief operating officer; those responsibilities
will be assumed by Mr. MacKenna.
In a joint statement, Board Chairman Patrick Manning and Mr. MacKenna,
said, “On behalf of the over 1,600 employees that comprise the Sterling
team, we thank Joe for his 40 years of outstanding service to our
Company. Through his leadership and vision, Sterling has grown into a
successful, well-capitalized, geographically-diverse heavy civil
construction company. We are fortunate that Joe has agreed to remain on
the Board so that Sterling will continue to benefit from his experience,
insights and practical wisdom for which he is well known.”
Separately, the Company announced that it has promoted Craig Allen,
Human Resources Director to Senior Vice President and Chief Human
Sterling is a leading heavy civil construction company that specializes
in the building and reconstruction of transportation and water
infrastructure projects in Texas, Utah, Nevada, Arizona, California and
other states where there are construction opportunities. Its
transportation infrastructure projects include highways, roads, bridges
and light rail and its water infrastructure projects include water,
wastewater and storm drainage systems.
Sterling Construction Company, Inc.
Brian Manning, P.E.
Chief Business Development Officer
Investor Relations Counsel
Equity Group Inc.
Fred Buonocore, 212-836-9607
Source: Sterling Construction Company, Inc.