Posted on June 10, 2025
HOUSTON, June 10, 2025 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” or the “Company”), a leading specialty construction company, today announced that Scott Thanisch, Executive Vice President, Chief Financial Officer and Treasurer, will depart the Company to pursue another opportunity. Alison Vasquez, a seasoned leader with deep financial leadership experience, will join Orion as the Company’s Executive Vice President, Chief Financial Officer and Treasurer effective June 23, 2025. Mr. Thanisch will remain in an advisory position until July 1 to facilitate a smooth transition.
The Company is reiterating its previous full year 2025 guidance of revenue in the range of $800 million to $850 million with Adjusted EBITDA in the range of $42 million to $46 million.
Travis Boone, President and Chief Executive Officer of Orion, commented, “We are excited to welcome Alison to Orion and to the executive leadership team. With over 25 years of deep public company experience in finance, accounting, auditing, and investor relations, Alison’s proven leadership skills, mergers and acquisitions experience, and focus on predictable execution of financial and strategic goals in a global construction company made her a natural fit for this important role in Orion’s next phase of growth and profitability.”
Austin Shanfelter, Chairman of the Board, stated, “We are truly honored to have Alison join Orion. She brings the right skills and construction experience at the right time in our development as a company. Under Travis’ leadership, we are continuing to build an outstanding team to drive long-term value.”
Ms. Vasquez has over 25 years of public company experience in both finance and accounting. Before joining Orion, she served as Senior Vice President and Chief Accounting Officer at KBR, Inc. (NYSE: KBR) where she led a team of over 350 financial professionals spanning accounting, tax, external reporting, internal controls, global shared services, financial systems and government compliance. During her tenure at KBR, she served in various roles, including Vice President and Chief Auditor, Vice President of Investor Relations, Vice President of FP&A, and Vice President of Finance. Prior to joining KBR in 2016, she served as chief auditor at Energy Transfer LP and then Noble Corporation plc. She started her career in 1998 providing assurance and advisory services at Arthur Anderson and then at PricewaterhouseCoopers.
Alison Vasquez commented, “I am thrilled to be joining Orion at such an exciting time in the Company’s development. Orion is a leader in specialty construction services with distinct competitive advantages and the largest market opportunity in the Company’s 100-year operating history. I look forward to working with Travis and the leadership team to execute the Company’s strategic plan that is focused on continuing to deliver increased value to shareholders.”
Ms. Vasquez holds both a Bachelor of Business Administration degree and a Master in Professional Accounting degree from the University of Texas at Austin. She is a Certified Public Accountant in the State of Texas.
Mr. Boone added, “I want to thank Scott for his contributions over the past two and a half years. I have enjoyed working with him and am appreciative of the excellent team he built while with us. We wish him great success in his future endeavors.”
About Orion Group Holdings
Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s 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. Its 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 is headquartered in Houston, Texas with regional offices throughout its operating areas. The Company’s website is located at: https://www.oriongroupholdingsinc.com.
