MARLTON, N.J. and PHILADELPHIA, June 1, 2011 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that Peter J. Wallace has rejoined the company's Construction Claims Group as a Senior Vice President.
Wallace, who is based in Hill's Philadelphia, Pennsylvania office, has more than 30 years of experience in the construction industry on process, petrochemical, power, industrial and public infrastructure projects. In particular, he has significant experience in risk management, process design and improvement and oversight of major capital programs. He also possesses extensive experience with the preparation, arbitration and litigation of complex engineering and constructions claims on a wide variety of assignments. Prior to rejoining Hill, Wallace founded the Capital Projects Consulting practice of Deloitte Financial Advisory Services LLP, and spent 15 years in the practice most recently as Principal. During his tenure at Deloitte, Wallace served clients on some of the largest infrastructure projects in the United States, including advising the Governor of Massachusetts on the "Big Dig" and the Bay Area Toll Authority on the new Oakland Bay Bridge. Before that, he was one of Hill's earliest employees, joining the company in 1977, the year after it was founded, and leaving in 1996 as a Senior Vice President. During his time with Hill, Wallace led some of Hill's largest assignments including the Channel Tunnel project for Eurotunnel.
"It is a real pleasure having Peter back as part of the Hill family," said Irvin E. Richter, Hill's Chairman and Chief Executive Officer. "Peter is a world-class expert in construction claims and risk management on large complex projects, and he significantly strengthens the claims capability of our Americas region," Richter added.
Hill International, with 3,000 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at .
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Certain statements contained in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information contained in this press release, the matters set forth herein including, but not limited to, any projections of earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
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CONTACT: Hill International, Inc. John P. Paolin Vice President of Marketing and Corporate Communications (856) 810-6210 johnpaolin@hillintl.com The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608 dsullivan@equityny.com
