Tutor Perini Corp. on July 24 announced that Michael J. Kershaw, its executive vice president and chief financial officer, will be retiring from the company.
Kershaw will remain employed by the company to assist in the transition of responsibilities to his successor. 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 Kershaw as the company’s executive vice president and chief financial officer. Smalley is expected to join the company no later than Sept. 1, and, at that time, will be appointed the company’s principal financial officer. Smalley has been senior vice president and controller of Fluor Corp. since March 2008 and, since October 2014, concurrently served as group chief financial officer for one of Fluor's business segments.
Prior to his current roles, 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 Co. 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.”
