{"id":794714,"date":"2024-12-12T17:00:02","date_gmt":"2024-12-12T22:00:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mistras-group-appoints-hani-hammad-as-chief-operating-officer-coo\/"},"modified":"2024-12-12T17:00:02","modified_gmt":"2024-12-12T22:00:02","slug":"mistras-group-appoints-hani-hammad-as-chief-operating-officer-coo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mistras-group-appoints-hani-hammad-as-chief-operating-officer-coo\/","title":{"rendered":"MISTRAS Group Appoints Hani Hammad as Chief Operating Officer (COO)"},"content":{"rendered":"
\n

PRINCETON JUNCTION, N.J., Dec. 12, 2024 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (NYSE: MG)\u2014a leading “one source” multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as the Company\u2019s Chief Operating Officer (COO), effective January 1, 2025. This appointment follows the recent hiring of Natalia Shuman as the Company\u2019s President and Chief Executive Officer (CEO), to whom Mr. Hammad will report directly. In addition to his role as COO, Mr. Hammad will continue serving as MISTRAS Group Executive Vice President.<\/p>\n

\n Spearheading Operational Excellence<\/strong>\n <\/p>\n

In his role as COO, Mr. Hammad will continue to drive operational excellence, strategic growth, and a culture of innovation at MISTRAS Group. Working closely with both executive and operational management, Mr. Hammad will shape and implement strategies that expand market share by delivering exceptional customer value while overseeing the company\u2019s services and data analytics solutions.<\/p>\n

MISTRAS Group Executive Chairman of the Board, Manuel (Manny) N. Stamatakis, commented, \u201cWith his value-creation approach to operational leadership, Mr. Hammad consistently uncovers growth opportunities and drives impactful changes that accelerate our organizational progress. The Board of Directors and I are confident in his ability to generate high-margin value for MISTRAS Group and our shareholders.\u201d<\/p>\n

\u201cMISTRAS Group leads the industry due to the strength and expertise of our operational teams,\u201d Hani Hammad stated. \u201cMy role is to enhance our resources’ position to succeed, emphasizing continuous improvement through innovation and delivering differentiated, high-value solutions that meet our customers’ evolving needs.\u201d<\/p>\n

\n An Architect of Efficiency and Effectiveness<\/strong>\n <\/p>\n

Mr. Hammad joined MISTRAS Group after a tenure with global consultancy firm AlixPartners and recently served as MISTRAS Group\u2019s Chief Transformation Officer (CTO). He has been pivotal in identifying and executing transformational value-creation opportunities, leading various process efficiency and organizational optimization initiatives, and driving MISTRAS\u2019 investments in high-margin growth areas. The goal now is to further engrain the transformational, continuous improvement culture initiated by Project Phoenix into the company\u2019s day-to-day operations on a permanent basis. This will help create additional value creation opportunities while sustaining the progress already made.<\/p>\n

He was instrumental in designing and managing MISTRAS Group\u2019s Project Phoenix EBITDA Improvement Program, which identified over $47M in annual run rate EBITDA improvement opportunities. His expertise in facilitating operational and financial transformations has made him a trusted advisor in the industry, adept at leading complex value creation programs through challenging landscapes, including mergers & acquisitions and strategic market repositioning.<\/p>\n

\n About MISTRAS Group, Inc. – One Source for Asset Protection Solutions\u00ae<\/sup><\/strong>\n <\/p>\n

MISTRAS Group, Inc. (NYSE: MG) is a leading “one source” multinational provider of integrated technology-enabled asset protection solutions, helping to maximize the safety and operational uptime for civilization\u2019s most critical industrial and civil assets.<\/p>\n

Backed by an innovative, data-driven asset protection portfolio, proprietary technologies, strong commitment to Environmental, Social, and Governance (ESG) initiatives, and a decades-long legacy of industry leadership, MISTRAS leads clients in the oil and gas, aerospace and defense, renewable and nonrenewable power, civil infrastructure, and manufacturing industries towards achieving operational and environmental excellence. By supporting these organizations that help fuel our vehicles and power our society; inspecting components that are trusted for commercial, defense, and space craft; building real-time monitoring equipment to enable safe travel across bridges; and helping to propel sustainability, MISTRAS helps the world at large.<\/p>\n

MISTRAS enhances value for its clients by integrating asset protection throughout supply chains and centralizing integrity data through a suite of Industrial IoT-connected digital software and monitoring solutions. The company\u2019s core capabilities also include non-destructive testing field and in-line inspections enhanced by advanced robotics, laboratory quality control and assurance testing, sensing technologies and NDT equipment, asset and mechanical integrity engineering services, and light mechanical maintenance and access services.<\/p>\n

For more information about how MISTRAS helps protect civilization\u2019s critical infrastructure and the environment, visit https:\/\/www.mistrasgroup.com\/<\/a>.<\/p>\n

\n Contact:<\/strong>\n <\/p>\n

Nestor S. Makarigakis<\/p>\n

Group Vice President, Marketing and Communications<\/p>\n

MISTRAS Group, Inc.<\/p>\n

\n marcom@mistrasgroup.com<\/a>\n <\/p>\n

+1 (609) 716-4000<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PRINCETON JUNCTION, N.J., Dec. 12, 2024 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (NYSE: MG)\u2014a leading “one source” multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as the Company\u2019s Chief Operating Officer (COO), effective January 1, 2025. This appointment follows the recent hiring of Natalia Shuman as the Company\u2019s President and Chief Executive Officer (CEO), to whom Mr. Hammad will report directly. In addition to his role as COO, Mr. Hammad will continue serving as MISTRAS Group Executive Vice President. Spearheading Operational Excellence In his role as COO, Mr. Hammad will continue to drive operational excellence, strategic growth, and a culture of innovation at MISTRAS Group. Working closely with both executive and … <\/p>\n

Continue reading “MISTRAS Group Appoints Hani Hammad as Chief Operating Officer (COO)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-794714","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMISTRAS Group Appoints Hani Hammad as Chief Operating Officer (COO) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mistras-group-appoints-hani-hammad-as-chief-operating-officer-coo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MISTRAS Group Appoints Hani Hammad as Chief Operating Officer (COO) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PRINCETON JUNCTION, N.J., Dec. 12, 2024 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (NYSE: MG)\u2014a leading “one source” multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as the Company\u2019s Chief Operating Officer (COO), effective January 1, 2025. This appointment follows the recent hiring of Natalia Shuman as the Company\u2019s President and Chief Executive Officer (CEO), to whom Mr. Hammad will report directly. In addition to his role as COO, Mr. Hammad will continue serving as MISTRAS Group Executive Vice President. Spearheading Operational Excellence In his role as COO, Mr. Hammad will continue to drive operational excellence, strategic growth, and a culture of innovation at MISTRAS Group. 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