Tutor Perini Stock Rises as New CEO Takes Helm at Construction Firm

Investopedia

01-02

Key Takeaways

Tutor Perini announced that former president Gary Smalley has taken over as CEO at the construction firm.
Smalley replaced Ronald Tutor, who had been Chair and CEO since 2008.
Smalley also served as Executive Vice President and CFO of Tutor.

Shares of Tutor Perini (TPC) advanced Thursday as the construction firm's new CEO took over.

The company said its former president, Gary Smalley, has replaced Ronald Tutor, who has served as both Chairman and CEO since 2008, as part of a planned transition. Tutor will remain on as Executive Chairman.

Smalley became president in 2023 when the firm announced its formal transition plan, which had him him taking over the CEO job on Jan. 1, 2025. Smalley had been Executive Vice President and CFO since September 2015. Tutor noted he had spent the prior 24 years as an executive with rival Fluor (FLR).

Smalley said he was committed to "further advancing our strategy as we execute on recent major project wins, return to profitability and pursue growth opportunities that enhance shareholder value."

Tutor Perini shares, which rose about 2% soon after the opening bell, have soared about 175% in the past year.

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Tutor will remain on as Executive Chairman.<span></span>\n</p>\n<div></div>\n<p> Smalley became president in 2023 when the firm announced its formal transition plan, which had him him taking over the CEO job on Jan. 1, 2025. Smalley had been Executive Vice President and CFO since September 2015. Tutor noted he had spent the prior 24 years as an executive with rival Fluor (FLR).\n</p>\n<div></div>\n<p> Smalley said he was committed to \"further advancing our strategy as we execute on recent major project wins, return to profitability and pursue growth opportunities that enhance shareholder value.\"\n</p>\n<div></div>\n<p> Tutor Perini shares, which rose about 2% soon after the opening bell, have soared about 175% in the past year.\n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"811\" width=\"1542\"/>\n<noscript>\n<img height=\"811\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/eMPwqFvhifpoWPLT8lMvx6YlQAU=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/TPC_2025-01-02_09-33-49-07884192b7764ab9b8189222dc8771b8.png\" srcset=\"https://www.investopedia.com/thmb/ghq8hxx90Nv0nuEMiBp0fEwfNLE=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/TPC_2025-01-02_09-33-49-07884192b7764ab9b8189222dc8771b8.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? 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Tutor will remain on as Executive Chairman.Smalley became president in 2023 when the firm announced its formal transition plan, which had him him taking over the CEO job on Jan. 1, 2025. Smalley had been Executive Vice President and CFO since September 2015. Tutor noted he had spent the prior 24 years as an executive with rival Fluor .Smalley said he was committed to \"further advancing our strategy as we execute on recent major project wins, return to profitability and pursue growth opportunities that en","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7136":"复合型公用事业","BK4129":"建筑与工程","TPC":"Tutor Perini","FLR":"福陆","TPC.AU":"TPC Consolidated Ltd"},"translate_title":"新任首席执行官执掌建筑公司，导师佩里尼股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLR":1,"TPC":1,"TPC.AU":1},"content_text":"Key Takeaways\nTutor Perini announced that former president Gary Smalley has taken over as CEO at the construction firm.Smalley replaced Ronald Tutor, who had been Chair and CEO since 2008.Smalley also served as Executive Vice President and CFO of Tutor.\n Shares of Tutor Perini (TPC) advanced Thursday as the construction firm's new CEO took over.\n\n\n The company said its former president, Gary Smalley, has replaced Ronald Tutor, who has served as both Chairman and CEO since 2008, as part of a planned transition. Tutor will remain on as Executive Chairman.\n\n\n Smalley became president in 2023 when the firm announced its formal transition plan, which had him him taking over the CEO job on Jan. 1, 2025. Smalley had been Executive Vice President and CFO since September 2015. Tutor noted he had spent the prior 24 years as an executive with rival Fluor (FLR).\n\n\n Smalley said he was committed to \"further advancing our strategy as we execute on recent major project wins, return to profitability and pursue growth opportunities that enhance shareholder value.\"\n\n\n Tutor Perini shares, which rose about 2% soon after the opening bell, have soared about 175% in the past year.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? 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