Hill International (HIL) Appoints David Sgro as New Board Chairman, Names Arnaud Ajdler and Jim Chadwick to Board

October 2, 2018 4:40 PM EDT

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Hill International, Inc. (NYSE: HIL) 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. (ALGRU), and serves on the Board of Directors for BSM Technologies (GPS) and Pangaea Logistics Solutions (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 (STC) and StarTek, Inc. (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.

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