SG Blocks Enters into Executive Employment Agreements with Chief Operating Officer and Acting Chief Financial Officer
October 01 2021 - 8:30AM
Business Wire
Both executives have entered an initial term of
two (2) years
SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a
leading designer, innovator and fabricator of modular structures,
announced today that the Company has entered into executive
employment agreements with Williams Rogers, Chief Operating
Officer, and Gerald Sheeran, Acting Chief Financial Officer. Both
agreements are for initial terms of two (2) years, with bonuses
being based upon achievement of objectives and goals, as determined
by the Company’s board of directors and management.
“A large part of what makes SG Blocks so successful is its
people. I firmly believe that investing in smart, dedicated, and
driven individuals will take you far in the long run, and I have
the utmost confidence in William and Gerald,” Paul Galvin, Chairman
and CEO of SG Blocks explained. “The right team cultivates,
translates and grows the vision and mission of the Company, and I
know with William and Gerald we have not only strong execution
skills but the strategy component as well.”
William Rogers, Chief Operating Officer (COO), has been with the
Company since December of 2020. He holds over 30 years of
professional construction experience as lead superintendent. Mr.
Rogers was with Plaza Construction Corp., based in New York City,
for over 20 years, at which time Plaza Construction built what are
considered by many to be some of the most iconic New York City
buildings. As COO, Mr. Rogers exhibits strong leadership,
communication, and organizational skills.
Gerald Sheeran, Acting Chief Financial officer (CFO), has been
with the Company since March of 2018 and brings with him vast
experience in the areas of both finance and accounting. Mr. Sheeran
previously served as Senior Accounting Manager with Lucid Energy
Group and has worked for a number of various companies using his
expertise in accounting, reporting, and financial operations.
“We’re excited to bring SG Blocks to the next level and expand
within various verticals, our product is truly so versatile,” Paul
Galvin noted. “I am confident that we can meet our goals with our
resilient and focused team working together.”
About SG Blocks, Inc. SG Blocks, Inc. is a premier
innovator in advancing and promoting the use of code-engineered
cargo shipping containers for safe and sustainable construction.
The firm offers a product that exceeds many standard building code
requirements, and also supports developers, architects, builders
and owners in achieving greener construction, faster execution, and
stronger buildings of higher value. Each project starts with
GreenSteel™, the structural core and shell of an SG Blocks
building, and then customized to client specifications. For more
information, visit www.sgblocks.com.
Safe Harbor Statement
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions and
include statements regarding the expected contribution of Messrs.
Rogers and Sheeran, bringing SG Blocks to the next level and
meeting the Company’s goals. While SG Blocks believes these
forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are
based on information available to us on the date of this release.
These forward-looking statements are subject to various risks and
uncertainties, many of which are difficult to predict that could
cause actual results to differ materially from current expectations
and assumptions from those set forth or implied by any
forward-looking statements. Important factors that could cause
actual results to differ materially from current expectations
include, among others, Messrs. Rogers’ and Sheeran’s ability to
contribute to the Company’s growth, the Company’s ability to expand
within various verticals as planned, the Company’s ability working
as a team to meet its goals, + the Company’s ability to position
itself for future profitability, the Company’s ability to maintain
compliance with the NASDAQ listing requirements, and the other
factors discussed in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2020 and its subsequent filings with
the SEC, including subsequent periodic reports on Forms 10-Q and
8-K. The information in this release is provided only as of the
date of this release, and we undertake no obligation to update any
forward-looking statements contained in this release on account of
new information, future events, or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211001005146/en/
Investors: Stephen Swett (203) 682-8377
investors@sgblocks.com
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