Hill International Announces Retirement of Chief Financial Officer and Appointment of Interim Chief Financial Officer
November 14 2017 - 6:50AM
Hill International (NYSE:HIL), the global leader in managing
construction risk, announced today the retirement of Executive Vice
President and Chief Financial Officer John Fanelli III and the
appointment of Senior Vice President and Interim Chief Financial
Officer, Marco Martinez.
Fanelli joined Hill as CFO in 2006 and played an
instrumental role in Hill’s growth, providing oversite of the
accounting, finance, treasury, taxes and due diligence functions as
the company expanded its global operations. Hill is grateful for
Fanelli’s years of distinguished service and helping to position
the company for success. Fanelli will remain a part-time employee
with Hill for three months to assist with the transition.
Marco Martinez brings nearly two decades of
financial leadership and analysis experience to Hill. Martinez most
recently served as Senior Vice President and CFO for Pernix Group,
Inc., a leading construction company in government, commercial,
industrial and power sectors. Prior to joining Pernix, Martinez
held several financial leadership positions including Vice
President and CFO during nearly an 18-year career at MYR Group, a
leading specialty contractor serving the electrical infrastructure
industry in the U.S. and Canada.
“John was an integral part of Hill’s growth over
the years, and I would like to thank him for his leadership and
invaluable contributions to developing our financial organization
and building the firm,” said Paul Evans, Hill’s Interim CEO. “I
look forward to the positive impact Marco will bring as he leads
Hill into the future. His previous CFO background and experience
will help ensure Hill has continued sustainability to meet client
needs and grow shareholder value.”
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
InvestorCom John Glenn Grau
President (203) 295-7841 jgrau@investor-com.com
(HIL-G)