MARLTON, N.J., Sept. 24, 2010 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has named four executives to lead its newly-created subsidiary HillStone International, LLC.
Kevin M. Justice has been named President and Chief Operating Officer of HillStone where he is responsible for all operating activities at the company. Prior to joining HillStone, Justice was the Managing Director of Falcon Funding, a subsidiary of The Falcone Group, where he was responsible for overseeing the acquisition, entitlement and development of numerous large-scale master planned projects. Before that, Justice was Director of Acquisition for Toll Brothers in Florida, and also served as an Associate and Real Estate Acquisition Analyst with Starwood Capital Group. Justice earned his B.B.A. from the Wharton School of Business at the University of Pennsylvania and his M.B.A. from the University of Miami. Justice also served with the U.S. Marine Corps for four years, ending his service as a Lieutenant.
Bruce T. Prolow has been named Vice Chairman and Chief Financial Officer of HillStone where he is responsible for financial strategy at the company. Prior to joining HillStone, Prolow was Vice Chairman and Chief Executive Officer of Tiedemann Trust Co., where he had worked since 1998. Prior to that, he worked for 20 years at J.P. Morgan & Co. where he most recently served as a Managing Director in the Private Client Group. During his tenure at J.P. Morgan, Prolow served as Chairman of the Board of J.P. Morgan Florida, as Vice Chairman of J.P. Morgan Trust Co. of Delaware, and as President of Morgan Trust Company of Florida. Prolow earned his B.A. from Rutgers University. He has also completed graduate studies in bank management at Fairleigh Dickinson University and graduate courses in accounting at New York University's Stern School of Business.
Steven C. Nicklaus has been named Senior Vice President of Business Development of HillStone. Nicklaus has extensive experience in the golf industry, with a specific focus on the business of golf course design and development. He is former Chairman of Executive Sports International, a global sports marketing and event-management company. He also recently served as Vice President of Business Development for the Nicklaus Companies. He remains active in the event management business as Co-Chairman of HNS Sports Group, a golf marketing and event-management company that manages, among many events, the Memorial Tournament, one of the PGA Tour's most prestigious events. He is also a partner in IMI, one of the world's top luxury real estate sales and marketing companies. An excellent amateur golfer, Nicklaus was recently appointed to the new position of President of the Memorial Tournament, an event founded by his father Jack Nicklaus and hosted at world-renowned Muirfield Village Golf Club.
Matthew G. Schindel has been named Vice President and General Counsel of HillStone. Schindel is responsible for all legal and contractual matters for the company. Prior to joining HillStone, Schindel was a partner and chief general counsel with Stonehill Capital Group, LLC, a mixed-use residential, golf and resort community development company, where he was responsible for overseeing the legal and professional aspects of the acquisition, financing and execution of multiple large-scale master planned projects. Prior to that, he developed an extensive business and legal background under affiliation with several law firms, representing public and private real estate and business entities in all capacities. Schindel earned his B.A. from Rutgers University and his J.D. from Hofstra University School of Law. He is an active member of the Florida Bar Association, the Palm Beach County Bar Association, and is admitted to practice before the U.S. District Court for the Middle District of Florida and the U.S. Circuit Court of Appeals for the 11th Circuit.
"The goal of HillStone is to provide affordable yet durable housing to parts of the world that are in desperate need of such housing," said Irvin E. Richter, Chairman and Chief Executive Officer of both Hill and HillStone. "These four executives have exceptional track records of business success and I expect that they will continue that success with HillStone," Richter added.
HillStone International is a strategic technologies distribution and construction project development company that utilizes low-cost yet high-durability housing technologies domestically and in regions of the world where housing solutions are a high priority of various governmental and private interests. HillStone offers a very strong, permanent, steel mesh and reinforced concrete housing solution that is both cost effective to transport, ship and construct with a moderate level of labor, and a highly energy efficient design. For more information on HillStone, please visit their website at .
Hill International, with 2,600 employees in 90 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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