PHILADELPHIA and SAO PAULO, Brazil, Sept. 1, 2015 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced today the following major changes at its Brazilian subsidiary Engineering S.A. effective immediately:
The subsidiary has been renamed Hill International do Brasil S.A.
Sérgio Luiz da Câmara Falcão has been promoted to Vice President and Brazil Country Manager for Hill’s Project Management Group. Falcão will continue to be based out of the company’s Sao Paulo, Brazil office. Falcão has 30 years of experience in project management and monitoring for commercial, institutional and retail facilities. Prior to this promotion, Falcão was Executive Director of Operations for the company’s Sao Paulo office. He earned degrees in civil engineering and administrative sciences from the Universidade Presbiteriana Mackenzie.
- Hill has acquired an additional ownership stake in the subsidiary, increasing Hill’s ownership from approximately 72% to approximately 91%.
“These changes will help us to better manage our Brazilian operations and more fully integrate them with the rest of Hill International,” said David L. Richter, Hill’s President and Chief Executive Officer. “We expect this will improve our market position in that country and allow us to eliminate significant overhead costs going forward,” added Richter.
Hill International, with 4,900 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the seventh largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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