Tutor Perini Corporation announced that its Board of Directors (the ?Board?) has appointed Gary Smalley, the Company?s current Executive Vice President and Chief Financial Officer, to the position of President, effective November 15, 2023. The Company plans for Mr. Smalley to succeed Ronald Tutor as Chief Executive Officer of the Company effective January 1, 2025, with Mr. Tutor transitioning to the role of Executive Chairman of the Company?s Board at that time, consistent with the timing of the leadership succession plan previously disclosed by the Company. Mr. Smalley, age 64, has served as Executive Vice President and Chief Financial Officer of the Company since September 2015.

Previously, he held several financial management roles during nearly 24 years with Fluor Corporation, a multinational engineering and construction firm. Additionally, the Company announced the appointment of Ryan Soroka to the position of Senior Vice President and Chief Financial Officer (in addition to his current role as Chief Accounting Officer), effective November 15, 2023. Mr. Soroka, age 41, has served as Vice President and Chief Accounting Officer of the Company since April 2017.

He has held several senior financial management positions for the Company and its subsidiaries since June 2011. The Company is currently searching for a replacement for the role of Chief Accounting Officer and expects to announce an appointment shortly. Mr. Soroka will continue to serve as the Company?s Chief Accounting Officer until such replacement is appointed.