Orion Group Holdings, Inc. announced that Austin J. Shanfelter, Chairman of the Board of Directors, has been named interim Chief Executive Officer. Mark R. Stauffer has stepped down as CEO and will serve as an advisor to the Company. Appointment is effective immediately.
The Company has retained a leading executive search firm and will initiate a search to identify a permanent CEO.
Orion Group Holdings, Inc. is a specialty construction company that serves the infrastructure, industrial, and building sectors. The Company provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin. It operates through two segments: marine and concrete. The marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. The concrete segment provides turnkey concrete construction services, including place and finish, site prep, layout, forming, and rebar placement for large commercial, structural, and other associated business areas. The Company's specialty services include design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair.