Board of Directors

Jeremy Spivey is Chairman and Chief Executive Officer of Cardinal Infrastructure Group, bringing nearly 30 years of civil construction and infrastructure experience to leading one of the Southeast’s premier site development companies, and joined our Board in October 2025. Jeremy brings more than 30years of civil construction experience specializing in all facets of land development and complex civil projects. Having begun his career as a part of a utility crew, he worked his way through core aspects of the business, including senior project manager and estimator. Jeremy holds a Bachelor of Science in Construction Management with a minor in Business Administration from East Carolina University.

Director Qualifications: Business expertise, extensive industry experience and daily insights into our business as Chief Executive Officer

Richard Lee joined our Board in December 2025. From June 2022 to July 2025, he served on the board of directors of Opex Technologies, a technology advisory focused on helping maximize return on technology investments. As a seasoned entrepreneur, Richard founded and exited three technology companies during his 35-year career.

In 2018, Mr. Lee founded Pureport, a software networking company, which was acquired by Digital Realty Trust in 2020. Richard also founded Hosted Solutions, a data center operator, in 2001 and MPInet, an internet service provider in 1996, both of which were subsequently acquired.

Richard is an industry-recognized leader known for his ability to scale companies and leverage technology. He has received numerous awards including five consecutive Triangle Business Journal Fast 50 awards, Triangle Business Leader’s “Impact Entrepreneur” in 2008, and the Ernst and Young Entrepreneur of the Year for Technology in 2009. Richard holds a Bachelor of Science in building sciences from Auburn University.

Director Qualifications: 35-year track record as a technology entrepreneur and operator, extensive experience as a business founder, and leadership in business acquisitions and private equity-backed growth ventures

Austin Shanfelter joined our Board in December of 2025. Since August 2023, Austin has served as Chairman of the board of directors for Uniteck Global Services, a privately held nationwide fiber optic construction company. He is also a member of the board of Orion Group Holdings, Inc. (NYSE: ORN) (“Orion”) since May 2007 and was named chairman in January 2021.

During his tenure with Orion, Austin held various leadership positions including interim chief executive officer and chief financial officer from April to September 2022, chairman of the compensation committee from May 2007 to May 2018, and interim chief operating officer from June 2018 to November 2018.

He previously served as the president and chief executive officer of MasTec, Inc., the chairman of Global HR Research LLC, and a board member of Sabre Industries Inc. Austin was also a member of the Power and Communications Contractors Association in 1991 and served as its president in 2007.

In addition to his corporate accomplishments, he is the chairman of Champions4Children, a nonprofit organization supporting children in the Fort Myers, Florida, area and serves on the board of governors of the National Wrestling Hall of Fame. With more than 30 years of diverse business experience, Austin’s governance proficiency is recognized by the National Association of Corporate Directors, designating him a Governance Fellow. Mr. Shanfelter earned a Bachelor of Science in health and physical education from Lock Haven University.

Director Qualifications: Experience in the telecommunication, power and specialty construction industry since 1981 and his significant leadership experience

Richard Wimmer joined our Board in December 2025. From 2015 until May 2025, he served as chief financial officer of Pike Corporation, one of the largest construction and engineering services companies for the electrical utilities and telecommunications industries in the U.S. In addition, Richard has served on the board of directors of Reynolda House Museum of American Art, a nonprofit organization, since July 2022.

He also served on the board of directors of PMI Energy Corporation, a private energy company, from 2019 to 2025. From 2010 to 2014, Richard was executive vice president and chief financial officer of New Breed Logistics Company. Prior to joining New Breed, Richard spent 34 years at Ernst & Young LLP, serving as managing partner for nine years, where he served both audit and advisory clients and developed a broad base of knowledge. He earned a Bachelor of Science in accounting at Virginia Polytechnic Institute and State University and completed the Executive MBA Program of Northwestern University’s Kellogg School of Management as well as the Harvard Business School Strategic Leadership Program. He is a Certified Public Accountant (inactive) and Certified Information Systems Auditor (inactive).

Director Qualifications: Knowledge of accounting and finance, diverse and extensive business experience in public accounting and private industry

Lee Wood joined our board after our acquisition of A.L. Grading Contractors in February 2026 and currently serves as the President of Georgia Operations for Cardinal Infrastructure Group. Prior to Cardinal’s acquisition of A.L. Grading Contractors in February 2026, Lee was president of the company, which he helped found in 1993. Lee brings more than 35 years of experience with site development, infrastructure construction and real estate investment. He previously served as chairman of the board of Brookhaven Bank from 2007 until its merger with Georgia Commerce Bank in 2014 and then served as an advisory board member for GCB until its sale in 2015 to Iberiabank.

Director Qualifications: Business expertise, extensive industry experience, strategic growth experience

Ivy Zelman joined our Board in December 2025. Since July 2021, Ivy has served as executive vice president of research and securities at WDIB, LLC dba Zelman & Associates, a Walker & Dunlop Company, a research and investment banking firm for housing and housing-related industries. She founded Zelman & Associates in 2007, which was acquired by Walker & Dunlop in 2021, resulting in the new joint venture entity, WDIB, LLC.

Prior to founding Zelman & Associates, Ivy served as a managing director at Credit Suisse First Boston from 1998 to 2007, where she focused on housing-related research. From 1990 to 1997, she was an equity research analyst at Salomon Brothers.

Beginning in March 2021, Ivy served as a member of the board of directors of Park River Parent L.P., a portfolio company that holds two building products companies. From December 2021 through November 2022, she served as a director of Sculptor Acquisition Corp I. Mrs. Zelman earned a Bachelor of Science in finance from George Mason University.

Director Qualifications: Experience covering housing and housing-related industries and extensive business expertise