Hill International Announces David Sgro as Chairman of the Board, Other Adjustments to Board
02 Octubre 2018 - 3:35PM
Hill International, Inc., the global leader in managing
construction risk, announced today that David D. Sgro has been
elected Chairman of the company’s Board of Directors effective
October 1, 2018. Mr. Sgro replaces Craig L. Martin, who served as
Chairman since September 2016.
In addition, the company’s Board of Directors
voted to appoint Arnaud Ajdler and Jim Chadwick as independent
members of the Board, effective immediately. Mr. Ajdler will be
serving the remainder of Mr. Martin’s term, which expires at the
annual meeting of stockholders on December 6, 2018. Mr. Chadwick
will be serving the remainder of Steven R. Curts’ term, which
expires at the annual meeting of stockholders in 2020.
“Craig was an integral part of Hill’s
development during the last two years, and a champion of the
company and its mission. We are very grateful for his service,”
said Hill’s Chief Executive Officer Raouf Ghali. “David has been a
valuable resource since joining the Board and is the ideal
candidate to serve as Chairman. His experience, knowledge, and
enthusiasm will promote the continued growth and profitability of
Hill.”
Mr. Sgro joined Hill’s Board in August 2016. He
is Director of Research for Jamarant Capital and Senior Managing
Director at Crescendo Partners, where he has held positions of
increasing responsibility since 2005. He currently serves as
Chairman of the Board of Directors and Chief Operating Officer of
Allegro Merger Corp. (NASDAQ:ALGRU), and serves on the Board of
Directors for BSM Technologies (TSX:GPS) and Pangaea Logistics
Solutions (NASDAQ:PANL). Mr. Sgro previously held board positions
with Imvescor Restaurant Group, Inc., NextDecade, COM DEV
International Systems, SAExploration, Primoris Services
Corporation, Bridgewater Systems, and Quartet Merger Corp. He
earned a BS in Finance from The College of New Jersey and an MBA
from Columbia Business School and is a CFA Charterholder.
Mr. Ajdler has served as the managing partner
for Engine Capital L.P., a value-oriented investment firm, since
2013. Mr. Ajdler, who was a member of Hill’s Board from June
2006 to June 2009, currently sits on the boards of Stewart
Information Services Corporation (NYSE:STC) and StarTek, Inc.
(NYSE:SRT). He earned a BS in Mechanical Engineering from the Free
University of Brussels, Belgium, an MS in Aeronautics from the
Massachusetts Institute of Technology (MIT), and an MBA from
Harvard Business School.
Mr. Chadwick has served as a Director of the
investment firm Alternative Investments with Ancora Advisors, LLC
since 2014. He has served on the board of seven public
companies. Mr. Chadwick earned a BA from the University of
California, Los Angeles.
Hill International, with approximately 2,800
professionals in more than 50 offices worldwide, provides program
management, project management, construction management and other
consulting services to clients in a variety of market sectors.
Engineering News-Record magazine recently ranked Hill as the
eighth-largest construction management firm in the United States.
For more information on Hill, please visit our website at
www.hillintl.com.
Forward Looking Statements
Certain statements contained herein may be
considered "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, and it is our
intent that any such statements be protected by the safe harbor
created thereby. Except for historical information, the matters set
forth herein including, but not limited to, any statements of
belief or intent, any statements concerning our plans, strategies
and objectives for future operations; and any statements regarding
our intent to file late periodic reports or relisting on a national
securities exchange, are forward-looking statements. These
forward-looking statements are based on our current expectations,
estimates and assumptions and are subject to certain risks and
uncertainties. Although we believe that the expectations, estimates
and assumptions reflected in our forward-looking statements are
reasonable, actual results could differ materially from those
projected or assumed in any of our forward-looking statements.
Important factors that could cause our actual results to differ
materially from estimates or projections contained in our
forward-looking statements are set forth in the Risk Factors
section and elsewhere in the reports we have filed with the
Securities and Exchange Commission, including that unfavorable
global economic conditions may adversely impact our business, our
backlog may not be fully realized as revenue, our expenses may be
higher than anticipated, and the review of the Company's
accounting, accounting policies and internal control over financial
reporting, and the preparation of and the audit or review, as
applicable, of filings may take longer than currently anticipated
or additional restatement adjustments may be identified. We
do not intend, and undertake no obligation, to update any
forward-looking statement.
Hill International, Inc. Elizabeth J. Zipf,
LEED AP BD+C Senior Vice President Hill International, Inc.
One Commerce Square 2005 Market Street, 17th Floor
Philadelphia, PA 19103 Tel: 215-309-7707
elizabethzipf@hillintl.com
Hill International, Inc. Marco A. Martinez SVP
& Interim Chief Financial Officer (215) 309-7951
marcomartinez@hillintl.com
InvestorCom John Glenn Grau President (203)
295-7841 jgrau@investor-com.com
(HIL-G)
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