Sterling’s Chairman, Patrick T. Manning, said, “I, along with my fellow directors, welcome Charles as our newest director. He brings significant operational, regulatory and management experience to our Board, and we are confident that with his knowledge, insights and perspective he will be a valuable addition to our Board.”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. This press release includes certain statements that fall within the definition of “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, including overall economic and market conditions, federal, state and local government funding, competitors’ and customers’ actions, and weather conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in the Company’s filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by the Company is only a statement of management’s belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management’s belief, and the Company does not undertake to update publicly its predictions or to make voluntary additional disclosures of nonpublic information, whether as a result of new information, future events or otherwise.
Sterling Construction Company, Inc. (Nasdaq GS: STRL) (the “Company” or “Sterling”) today announced the election of Charles R. Patton to its Board of Directors, enlarging the Board to nine members. Mr. Patton was also appointed to the Board’s Compensation Committee. His initial term will expire at the next Annual Meeting of Stockholders. Mr. Patton has approximately 26 years in the electric utility business. Since 1995, he has held a number of leadership positions at New York Stock Exchange listed American Electric Power Company, Inc. (AEP), one of the largest publicly-traded utilities in the United States. He is currently President and Chief Operating Officer of AEP’s Appalachian Power Company, which serves approximately one million customers in West Virginia, Virginia and Tennessee. Earlier he was Senior Vice President of Regulatory Policy, and subsequently Executive Vice President, of AEP’s Western Utilities unit. From 2004 to 2008, Mr. Patton was President and Chief Operating Officer of AEP Texas, and held various other executive roles, with responsibility for external affairs in Texas and in the Southwestern region of AEP. Before joining AEP, Mr. Patton spent nearly 11 years with Houston Lighting & Power Company. Mr. Patton received a bachelor’s degree (cum laude) from Bowdoin College in Brunswick, Maine and a master’s degree from the LBJ School of Public Policy at the University of Texas in Austin. He has served and chaired numerous civic organizations in the communities in which he has lived. He and his family currently reside in Charleston, West Virginia, where he serves on the boards of the University of Charleston, the West Virginia Education Alliance, the West Virginia Regional Technology Park, the Clay Center for the Arts and Sciences of West Virginia and the Buckskin Council of the Boy Scouts of America. He has received numerous awards, most notably the NAACP President's Award. Mr. Patton also serves on the Advisory Board of the School of Natural Sciences at the University of Texas.