PHILADELPHIA, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has entered into an agreement with Richter Capital LLC pursuant to which David L. Richter, Chairman and CEO of Richter Capital, has been appointed to serve as an Observer to Hill’s Board of Directors. Richter beneficially owns approximately 4.1 million shares of Hill common stock, or approximately 7.7% of the company’s issued and outstanding shares.

Prior to his current position, Richter worked at Hill from 1995 to 2017, rising from General Counsel to Group President to COO and eventually to CEO. He also served as a member of Hill’s Board of Directors from 1998 to 2017. He is a Fellow of both the Construction Management Association of America and the Chartered Institute of Building. Richter earned his B.S. in management, his B.S.E. in civil engineering, his J.D. from the University of Pennsylvania, and his M.Sc. in major program management from the University of Oxford. He is currently pursuing his M.P.A., together with a certificate in management, leadership, and decision sciences, at Harvard University.

David Sgro, Hill’s Chairman, stated “David is a large stockholder with industry experience and the Board made the determination that it was in the best interest of all stakeholders to have David as part of our deliberations. We look forward to working constructively with David.”

“As one of Hill’s largest stockholders, I am looking forward to working alongside the current Board members to improve the company’s operations and significantly increase the company’s value,” said Richter. “I very much appreciate the willingness of the Board to work cooperatively so we can focus on the long-term success of the company for the benefit of its employees, its clients, and its stockholders,” added Richter.

About Hill International

Hill International, with approximately 2,800 professionals in more than 50 offices worldwide, provides program management, project management, construction management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as the eighth-largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.