SYLMAR, Calif.--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, today announced that Michael J. Kershaw, its
Executive Vice President and Chief Financial Officer, will be retiring
from the Company. Mr. Kershaw will remain employed by the Company to
assist in the transition of responsibilities to his successor. Mr.
Kershaw joined the Company in September 2011 and has been instrumental
in integrating and improving the Company’s accounting and financial
reporting systems, negotiating enhanced credit facilities, and
implementing a successful investor relations program.
At the same time, the Company announced that it has entered into a
letter agreement with Gary G. Smalley to succeed Mr. Kershaw as the
Company’s Executive Vice President and Chief Financial Officer. Mr.
Smalley is expected to join the Company no later than September 1, 2015
and, at that time, will be appointed the Company’s principal financial
officer. Mr. Smalley has been Senior Vice President and Controller of
Fluor Corporation (NYSE: FLR) since March 2008 and, since October 2014,
concurrently served as Group Chief Financial Officer for one of Fluor's
business segments. Fluor Corporation is a global engineering and
construction firm that designs and builds some of the world's most
complex projects, creating and delivering innovative and integrated
solutions for its clients in engineering, procurement, fabrication,
construction, maintenance, and project management on a global basis.
Prior to his current roles, Mr. Smalley was employed by Fluor as Vice
President of Internal Audit from September 2002 to March 2008 and, since
joining Fluor in 1991, held a variety of other financial management
positions in Australia, Chile, Mexico, and the United States. Prior to
joining Fluor, he held audit positions with Ernst & Young and J.P.
Stevens and Company. Mr. Smalley has a Bachelor of Science in Business
Administration from the University of North Carolina at Chapel Hill and
a Master of Business Administration from Northwestern University. He is
a Certified Public Accountant, Certified Fraud Examiner, and a Chartered
Global Management Accountant.
Ronald Tutor, Chairman and Chief Executive Officer of Tutor Perini,
said, “We are pleased to welcome Gary to our executive management team
and look forward to working with him to continue driving the Company’s
growth. In addition, I would like to express my sincere thanks to Mike
for his dedicated service to the Company and wish him well in his future
retirement.”
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction
company offering diversified general contracting and design-build
services to private clients and public agencies throughout the world. We
have provided construction services since 1894 and have established a
strong reputation within our markets by executing large complex projects
on time and within budget while adhering to strict quality control
measures.
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Source: Tutor Perini Corporation