leadership
confidence high
sentiment neutral
materiality 0.55
Mistras Group appoints Hani Hammad as COO effective Jan 1, 2025
Mistras Group, Inc.
- Hani Hammad, previously EVP and Chief Transformation Officer, appointed COO effective Jan 1, 2025, reporting to CEO Natalia Shuman.
- As COO, Hammad will have initial annual base salary of $450,000 and target annual bonus of 100% of salary.
- Hammad led Project Phoenix EBITDA improvement program identifying over $47M in annual run-rate EBITDA improvements.
- He joined Mistras in March 2024 from AlixPartners; will continue as EVP.
- Compensation modifications to his employment agreement are being finalized; severance includes 12-month base salary continuation.