Hill International to Nominate Arnaud Ajdler for Election as a Director at the 2018 Annual Meeting
March 08 2018 - 8:05AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced that Arnaud Ajdler will be nominated
to the Board at the upcoming 2018 shareholders’ meeting. Until
then, Mr. Ajdler will be appointed to serve as a Board Observer.
Mr. Ajdler has served as the managing partner for
Engine Capital L.P., a value-oriented investment firm, since
2013. Engine Capital L.P., along with its affiliates, own
more than 5.179 million shares of common stock in Hill
International, giving it 9.88% ownership. 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).
“We are certainly pleased to have Arnaud joining
our organization,” said Hill’s Chairman Craig L. Martin. “His
experience and business acumen will bring substantial value to our
company both immediately and as we continue moving forward.”
Mr. Ajdler earned a B.S. in Mechanical Engineering
from the Free University of Brussels, Belgium, an M.S. in
Aeronautics from the Massachusetts Institute of Technology (MIT)
and an M.B.A. from Harvard Business School.
Hill International, with more than 3,000
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.
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. 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 Tel: 215-309-7951
marcomartinez@hillintl.com
InvestorCom John Glenn Grau President
Tel: 203-295-7841 jgrau@investor-com.com
(HIL-G)
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