Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that Thomas R. Wright has been named Executive Vice President and Chief Financial Officer effective September 25, 2013 and that Kevan Blair will assume the role of Senior Vice President of Corporate Finance.
Mr. Wright brings more than 20 years of financial management experience to Sterling, most recently as Chief Financial Officer of Toronto-based St Marys/CBM, which he joined in 2011. St Marys is a leading North American cement and concrete company with approximately $900 million in sales and 2,500 employees.
Between 2006 and 2010, Mr. Wright was with global mineral drilling services and products manufacturer, Boart Longyear, a publicly traded company on the Australian Stock Exchange (BLY.AX). He began his career at Boart as Vice President of Global Products and Manufacturing, and was later promoted to Vice President, Financial Planning and Analysis, Mergers and Acquisitions, Investor Relations, Strategic Planning and Corporate Communication. Before joining Boart, Mr. Wright was Director of Corporate Financial Planning and Analysis for a leading North American quick-serve restaurant company, Wendy’s International. Earlier in his career, Mr. Wright held increasingly responsible positions in the finance areas of Bank One Corporation (now JP Morgan Chase Company) and Allied Signal Incorporated (now Honeywell International Inc.).
Mr. Wright holds a BS in Corporate Finance from Ball State University and an MBA in Finance from Indiana University. He also holds the Certified Professional Controller (CPC) designation.Peter MacKenna, Sterling’s President and Chief Executive Officer commented, “Tom’s strong experience in a broad range of critical planning, analysis and capital allocation functions makes a perfect fit to take over leadership of our financial organization. We look forward to working with him as we progress in driving the transformation that is underway across our operations. We would also like to thank Kevan Blair for his outstanding performance while serving as our interim CFO and for assuming his new role of Senior Vice President Corporate Finance.”