PHILADELPHIA, Aug. 11, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today changes to its Board of Directors as well as promotions among its executive leadership team.
Irvin E. Richter, who founded Hill in 1976, has resigned from his role of Chairman of the company’s Board of Directors. He will continue to serve as a member of the Board and has also been given the title Chairman Emeritus.
Hill’s Chief Executive Officer David L. Richter has been elected the company’s new Chairman and will no longer serve as President. Chief Operating Officer Raouf S. Ghali has added the title of President.
Chief Financial Officer John Fanelli III and General Counsel William H. Dengler, Jr. have each been promoted from Senior Vice President to Executive Vice President.
In addition, Hill has expanded the size of its Board from nine to eleven members, and elected Ghali and Adam L. Eiseman to fill the two new Board seats.
Ghali has been Hill’s Chief Operating Officer since 2015, with management responsibility for all of the company’s business operations. Prior to his current position, he served in a variety of roles at Hill including President of Hill’s Project Management Group (International) from 2005 to 2015, Senior Vice President from 2001 to 2005, and Vice President from 1993 to 2001. Mr. Ghali has more than 30 years of experience in program, project and construction management, project cost control, financial analysis, planning and scheduling, procurement and contract administration, claims analysis, accounting and procurement. He is fluent in five languages and has worked throughout the United States, Europe, the Far East and the Middle East. Ghali earned his B.S. in business administration and economics and his M.S. in business organizational management from the University of LaVerne.
Eiseman has been Chairman, President and Chief Executive Officer of Lloyd Group, Inc. since he founded the company in 1995. Lloyd Group, an information technology managed-services firm with a focus on the small-to-medium-sized business market, has been recognized seven times by Inc. magazine as one of the fastest-growing private companies in the United States. Eiseman has served on corporate advisory boards for such companies as Cisco Systems, Ingram Micro, Cloupia and OpenDNS. He is a member of the Young Presidents’ Organization (YPO) and holds or has held numerous leadership positions within the organization, including as Chairman of the YPO Gold Philadelphia Chapter, Chairman of the YPO New York City Chapter, Chairman of the YPO Harvard Business School Presidents Program and Chairman of YPO’s Internet and Technology Network, among others. Eiseman earned his B.S. in accounting from Adelphi University.
Hill International, with 4,500 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. 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.
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 projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, 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 and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
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