Orion Group Names Interim CEO
Orion Group Holdings, Houston, announced April 7 that Austin Shanfelter, chairman of the board of directors, has been named interim CEO after Mark Stauffer stepped down as president, CEO and board member.
Stauffer will serve as an advisor to the company, Orion said in the announcement.
Richard Daerr Jr., a current board member, has been appointed lead independent director and will not retire at the company’s 2022 annual meeting of stockholders as previously announced.
Orion said it has retained a leading executive search firm and will initiate a search to identify a permanent CEO.
Orion Group Holdings is a specialty construction company serving the infrastructure, industrial and building sectors, providing services both on and off the water through its marine segment and its concrete segment.
“It has been a privilege to lead Orion and this exceptional team,” Stauffer said. “I am proud of all that we have achieved together and confident that the company is well positioned for the future. I look forward to working with Austin and the team as an advisor to ensure a smooth transition.”
“On behalf of the entire board, I want to thank Mark for his valuable contributions and years of service to Orion,” Shanfelter said. “Since joining the company in 1999, Mark has been a driving force in positioning Orion for long-term success as the premier specialty contractor in the infrastructure, building and industrial sectors. We wish him all the best in his future endeavors.