Joe Piacentino, CPA

Chief Financial Officer

Professional Overview

Joe Piacentino is an accomplished finance executive with over 20 years of experience driving strategic financial leadership and operational excellence in the construction and real estate industries. As the Chief Financial Officer at ColonialWebb, he oversees all financial operations, cash management, and risk mitigation initiatives to support the company's continued growth and profitability.

Experience Summary

Current Role

As the Chief Financial Officer at ColonialWebb, a leading commercial construction firm, Joe is responsible for the overall financial management and strategic planning for the organization. He manages a team of finance professionals, ensuring accurate financial reporting, budgeting, and compliance with regulatory requirements. Under his leadership, ColonialWebb has achieved significant improvements in cash flow, cost controls, and financial risk management, contributing to the company's strong financial performance.

Career Progression

Prior to joining ColonialWebb, Joe served as the Chief Financial Officer for the East Region at Balfour Beatty Construction, where he played a pivotal role in driving operational efficiency and enhancing financial controls across multiple project sites. He also held the position of Vice President of Finance at Balfour Beatty, where he contributed to the company's strategic initiatives and played a key role in numerous merger and acquisition activities.

Earlier in his career, Joe gained valuable experience as an Audit Supervisor at Smith & Howard and as a Financial Statement Auditor at Arthur Andersen LLP, where he honed his analytical skills and developed a deep understanding of financial reporting and compliance.

Academic Background

Joe holds a Bachelor of Business Administration degree in Accounting from the University of Georgia. He is a Certified Public Accountant (CPA) and has maintained his professional certification throughout his career.

Areas of Expertise

• Financial planning and analysis

• Cash flow management and optimization

• Mergers, acquisitions, and integration

• Risk management and internal controls

• Budgeting and cost control

• Financial reporting and regulatory compliance

• Team leadership and talent development

Professional Impact

Under Joe's financial leadership, ColonialWebb has achieved significant operational and financial milestones, including:

• Implementing a streamlined financial reporting system that improved visibility and decision-making

• Securing a $50 million credit facility to support the company's growth initiatives

• Spearheading a successful acquisition that expanded ColonialWebb's regional presence and service offerings

• Reducing the company's cost of capital by 20% through strategic refinancing and debt restructuring

Conclusion

With his extensive experience, strategic mindset, and proven track record of financial success, Joe Piacentino is a valuable asset to ColonialWebb. As the Chief Financial Officer, he continues to drive financial excellence, operational efficiency, and strategic growth, positioning the company for continued success in the construction industry.