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Perma-Pipe International Holdings (Nasdaq: PPIH) has announced the appointment of Jon C. Biro to its Board of Directors, effective March 4, 2025. Biro, 58, brings extensive financial and leadership experience, currently serving as Operating Advisor to Snow Peak Capital and board member for Sandy Alexander. His background includes CFO positions at Harte-Hanks, Exterran Holdings, and Consolidated Graphics.
CEO David Mansfield stated that Biro’s appointment as an independent director will bring new financial expertise to fill the gap created by Ms. Boiter’s earlier resignation. The company, a global leader in pre-insulated piping and leak detection systems, operates in fifteen locations across six countries.
Perma-Pipe International Holdings (Nasdaq: PPIH) ha annunciato la nomina di Jon C. Biro nel suo Consiglio di Amministrazione, con effetto dal 4 marzo 2025. Biro, 58 anni, porta con sé una vasta esperienza finanziaria e di leadership, attualmente ricoprendo il ruolo di Consulente Operativo per Snow Peak Capital e membro del consiglio di Sandy Alexander. Il suo background include posizioni di CFO presso Harte-Hanks, Exterran Holdings e Consolidated Graphics.
Il CEO David Mansfield ha dichiarato che la nomina di Biro come direttore indipendente porterà nuove competenze finanziarie per colmare il vuoto creato dalle dimissioni della signora Boiter. L’azienda, leader globale nei sistemi di tubazioni pre-isolate e rilevamento perdite, opera in quindici sedi in sei paesi.
Perma-Pipe International Holdings (Nasdaq: PPIH) ha anunciado el nombramiento de Jon C. Biro en su Junta Directiva, con efecto a partir del 4 de marzo de 2025. Biro, de 58 años, aporta una amplia experiencia financiera y de liderazgo, actualmente desempeñándose como Asesor Operativo para Snow Peak Capital y miembro de la junta de Sandy Alexander. Su trayectoria incluye posiciones de CFO en Harte-Hanks, Exterran Holdings y Consolidated Graphics.
El CEO David Mansfield declaró que el nombramiento de Biro como director independiente traerá nueva experiencia financiera para llenar el vacío creado por la renuncia anterior de la Sra. Boiter. La empresa, líder global en sistemas de tuberías preaisladas y detección de fugas, opera en quince ubicaciones en seis países.
Perma-Pipe International Holdings (Nasdaq: PPIH)는 Jon C. Biro를 이사회의 새로운 멤버로 임명했다고 발표했습니다. 이 임명은 2025년 3월 4일부터 효력을 발휘합니다. 58세인 Biro는 Snow Peak Capital의 운영 고문으로 활동하며 Sandy Alexander의 이사로도 재직 중입니다. 그의 경력에는 Harte-Hanks, Exterran Holdings 및 Consolidated Graphics에서 CFO 직책이 포함되어 있습니다.
CEO David Mansfield는 Biro의 독립 이사 임명이 Ms. Boiter의 사퇴로 인해 발생한 재정적 공백을 메우는 데 새로운 재정 전문성을 가져올 것이라고 밝혔습니다. 이 회사는 사전 절연 배관 및 누수 감지 시스템의 글로벌 리더로, 6개국의 15개 위치에서 운영되고 있습니다.
Perma-Pipe International Holdings (Nasdaq: PPIH) a annoncé la nomination de Jon C. Biro au sein de son Conseil d’Administration, effective à partir du 4 mars 2025. Biro, âgé de 58 ans, apporte une vaste expérience financière et de leadership, occupant actuellement le poste de Conseiller Opérationnel chez Snow Peak Capital et membre du conseil d’administration de Sandy Alexander. Son parcours inclut des postes de CFO chez Harte-Hanks, Exterran Holdings et Consolidated Graphics.
Le PDG David Mansfield a déclaré que la nomination de Biro en tant que directeur indépendant apportera une nouvelle expertise financière pour combler le vide créé par la démission antérieure de Mme Boiter. L’entreprise, leader mondial dans les systèmes de tuyauterie pré-isolée et de détection de fuites, opère dans quinze emplacements répartis sur six pays.
Perma-Pipe International Holdings (Nasdaq: PPIH) hat die Ernennung von Jon C. Biro in seinen Vorstand bekannt gegeben, die am 4. März 2025 wirksam wird. Biro, 58 Jahre alt, bringt umfangreiche finanzielle und führungstechnische Erfahrungen mit und ist derzeit als Operativer Berater für Snow Peak Capital sowie als Vorstandsmitglied von Sandy Alexander tätig. Zu seinem Werdegang gehören CFO-Positionen bei Harte-Hanks, Exterran Holdings und Consolidated Graphics.
CEO David Mansfield erklärte, dass Biro’s Ernennung als unabhängiger Direktor neue finanzielle Expertise in das Unternehmen bringen wird, um die Lücke zu schließen, die durch den früheren Rücktritt von Frau Boiter entstanden ist. Das Unternehmen, ein globaler Marktführer im Bereich vorisolierter Rohrleitungen und Leckageerkennungssysteme, ist an fünfzehn Standorten in sechs Ländern tätig.
Positive
- Addition of experienced financial executive to board
- Strengthening of board’s financial expertise
- Maintains board independence with new independent director
SPRING, Texas–(BUSINESS WIRE)– Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), today announced changes to its Board of Directors, including the appointment to the Board of Mr. Jon C. Biro, effective March 4, 2025.
Mr. Biro, age 58, has extensive business leadership, financial, board, and C-Suite executive experience, serving as an Operating Advisor to Snow Peak Capital, LLC since 2022, as well as serving on the board for one of its portfolio companies, Sandy Alexander, Inc., a commercial printing business. Previously, Mr. Biro served as Chief Financial Officer to several public companies, including Harte-Hanks, Inc., a marketing services business from 2017 to 2019, Exterran Holdings, Inc., in the natural gas compression business from 2014 to 2017, and Consolidated Graphics, Inc. from 2008 to 2014, a consolidator of commercial printers. Additionally, since 2010, Mr. Biro has been a board member of Vision Plastics New Zealand, Ltd., a privately owned plastics processing business. He graduated from the University of Texas with a Bachelor of Arts degree in Psychology with a minor in Economics, and from the University of Houston with a Master of Science in Accountancy.
President and CEO, Mr. David Mansfield commented, “We regularly evaluate our Board composition to ensure it includes the appropriate skill, experience, and perspectives necessary to drive growth for our stockholders. We also strive to keep the Board refreshed to maintain diversity of thought and contemporary insights consistent with industry best practices. The addition of Mr. Biro as an independent director will bring new and extensive financial expertise to fill the gap created by Ms. Boiter’s announced resignation from the Board earlier this year. We are extremely pleased to have him join our Board.”
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH, “Perma-Pipe”, or the “Company”) is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at fifteen locations in six countries.
Forward-Looking Statements
Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) fluctuations in the price of oil and natural gas and its impact on customer order volume for the Company’s products; (ii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (iii) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company’s ability to effectively execute its strategic plan and achieve sustained profitability and positive cash flows; (vi) the Company’s ability to collect a long-term account receivable related to a project in the Middle East; (vii) the Company’s ability to interpret changes in tax regulations and legislation; (viii) the Company’s ability to use its net operating loss carryforwards; (ix) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s “over-time” revenue recognition; (x) the Company’s failure to establish and maintain effective internal control over financial reporting; (xi) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (xii) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xiii) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xiv) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xv) reductions or cancellations of orders included in the Company’s backlog; (xvi) risks and uncertainties specific to the Company’s international business operations; (xvii) the Company’s ability to attract and retain senior management and key personnel; (xviii) the Company’s ability to achieve the expected benefits of its growth initiatives; (xix) the impact of pandemics and other public health crises on the Company and its operations; and (xx) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).
View source version on businesswire.com: https://www.businesswire.com/news/home/20250228426001/en/
Perma-Pipe International Holdings, Inc.
David Mansfield, President and CEO
Perma-Pipe Investor Relations
847.929.1200
Source: Perma-Pipe International Holdings, Inc.
FAQ
When will Jon C. Biro join PPIH’s Board of Directors?
Jon C. Biro will join Perma-Pipe International Holdings’ Board of Directors effective March 4, 2025.
What is Jon C. Biro’s professional background before joining PPIH?
Biro served as CFO at Harte-Hanks (2017-2019), Exterran Holdings (2014-2017), and Consolidated Graphics (2008-2014), and currently serves as Operating Advisor to Snow Peak Capital.
Why did PPIH appoint a new board member?
PPIH appointed Biro to bring new financial expertise following Ms. Boiter’s resignation and to maintain board diversity with contemporary insights.
What is PPIH’s current operational presence globally?
Perma-Pipe International Holdings operates in fifteen locations across six countries.
