MG - MISTRAS Group Appoints New Chief Transformation Officer to Advance Business Transformation | Benzinga
PRINCETON JUNCTION, N.J., March 25, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as Executive Vice President and Chief Transformation Officer (CTO), a strategic move signaling the next phase in the company's business transformation journey. Mr. Hammad will report to Mr. Manuel (Manny) N. Stamatakis, Chairman of the Board and Interim CEO of MISTRAS Group, Inc.
A Proven Track Record of Value Creation
The Project Phoenix EBITDA Improvement Program initiated by MISTRAS Group and managed by Mr. Hammad as part of the global consultancy firm AlixPartners, has identified over $47M in annual run rate EBITDA improvement opportunities, which are currently being executed.
Throughout his year-long, close collaboration with MISTRAS Group, Mr. Hammad was instrumental in enhancing operational efficiency, designing the overall project approach, identifying value-capture opportunities, and managing the successful execution of initiatives that have significantly bolstered efficiency across the company. As the new CTO of MISTRAS Group, Mr. Hammad will continue to oversee the implementation and continuation of Project Phoenix.
Mr. Hammad's expertise is deeply rooted in facilitating operational and financial transformations within field service-oriented companies across the energy sector. He has excelled in leading complex value creation programs, navigating organizations through challenging landscapes, including ...