Goldfield Announces the Passing of Chairman and CEO John H. Sottile
August 26 2020 - 5:08PM
The Goldfield Corporation (NYSE American: GV) announced with great
sadness the passing today of its Chairman and Chief Executive
Officer, John H. Sottile. The Company’s Board of Directors and
management, on behalf of all employees and stockholders, mourn the
passing of Mr. Sottile and express our deepest condolences to
the Sottile family.
Mr. Sottile, 72, joined the Company in 1971. He managed two of
the Company’s principal subsidiaries, Tropicana Pools, Inc. and
Harlan Fuel Company, before becoming President and Chief Executive
Officer of the Company in 1983 and Chairman of the Board in
1998.
Under Mr. Sottile’s leadership, the Company became a leading
provider of electrical construction services for the utility
industry and industrial customers, operating in the Southeast,
mid-Atlantic and Texas-Southwest regions of the United States. He
also guided the Company’s real estate operations, which focus on
the development of residential properties on the east coast of
Central Florida.
Mr. Sottile was deeply involved in every aspect of the Company’s
operations and earned the respect and admiration of all of its
employees, from linemen to senior executives. His depth of
knowledge and experience spanned from engineering and construction
to financial and operational management. It was not uncommon for
Mr. Sottile to don work boots and a hard hat to join one of the
Company’s crews at a remote worksite. Mr. Sottile was also an
active member of the OSHA Electrical Transmission &
Distribution Partnership, which is charged with promoting safety in
the industry.
Under Mr. Sottile’s leadership, the Company dramatically
expanded the geographic scope of its operations and service
offerings in the electrical construction industry through organic
growth and strategic acquisitions, and its revenue increased more
than twenty-fold. He built a strong management team that will
continue to guide all aspects of the Company’s operations.
As previously announced, on August 5, 2020, the Company’s Board
of Directors appointed its Chief Financial Officer, Stephen R.
Wherry, and the President of its electrical construction subsidiary
Power Corporation of America, Jason M. Spivey, as Acting Co-Chief
Executive Officers of the Company. They will continue to serve in
those positions.
For further information, please contact:
The Goldfield Corporation
Kristine Walczak
kwalczak@effectivecorpcom.com
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