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Perma-Pipe International Holdings Inc (PPIH.OQ)

PPIH.OQ on NASDAQ Stock Exchange Global Market

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21 Sep 2018
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Summary

Name Age Since Current Position

David Unger

80 2013 Chairman of the Board

Karl Schmidt

61 2013 Chief Financial Officer, Chief Accounting Officer, Vice President

David Mansfield

56 2017 President - Perma-Pipe, Director

Stephen Buck

66 2007 President - Thermal Care

Edward Crylen

63 2006 President and Chief Operating Officer - Midwesco Mechanical and Energy

John Foster

53 2008 President of Midwesco Filter

Grant Dewbre

2017 Senior Vice President - MENA

Scott James

2018 Senior Vice President - Americas

Michael Bennett

2012 Vice President, Treasurer, Secretary

Robert Maffei

67 1996 Vice President, Director - Sales and Marketing - Perma-Pipe

Timothy Murphy

65 2008 Vice President - Human Resources

Dennis Kessler

76 1998 Lead Independent Director

David Barrie

62 2012 Independent Director

David Brown

52 2015 Independent Director

Michael Gade

66 2009 Independent Director

Jerome Walker

52 2014 Independent Director

Mark Zorko

64 2009 Independent Director

Biographies

Name Description

David Unger

Mr. David Unger serves as Chairman of the Board of MFRI Inc. He has been employed by the Company and its predecessors for his entire business career, since 1958. He became Chairman of the Board in 1989. He was the Chief Executive Officer, ("CEO") of the Company from 1989 to January 31, 2013 and the President of the Company from 1994 until 2004. Mr. Unger earned a bachelor's degree in mechanical engineering from Northwestern University and a master's degree in business administration from Harvard University. During his tenure with MFRI and its predecessors, the Company has grown from 60 employees to more than 1,200; from sales of less than $5 million to sales of more than $200 million in 2012; and from a Chicago company to a global company. Mr. Unger's responsibilities with the Company have included project management, system and product design, debt and equity financings, merger and acquisition activities and strategic planning and execution. Mr. Unger's long history with the Company and his former position as CEO provide him with critical insight into the Company's operations and perspective in developing and overseeing the Company's vision and strategic objectives.

Karl Schmidt

Mr. Karl J. Schmidt has been appointed as the Chief Financial Officer, Chief Accounting Officer, Vice President of MFRI Inc. From 2010 to 2012, Mr. Schmidt served as the Chief Financial Officer of Atkore International (previously Tyco Electrical and Metal Products), a manufacturer of steel pipe and tube products, electrical conduits, cable, and cable management systems. From 2002 to 2009, Mr. Schmidt served as the Executive Vice President and Chief Financial Officer of Sauer-Danfoss, Inc., a global manufacturer of hydraulic, electrical, and electronic components and solutions for off-road vehicles.

David Mansfield

Mr. David J. Mansfield serves as President - Perma-Pipe, Director of the Company. From 2015 to 2016, Mr. Mansfield served as Chief Financial Officer of Compressor Engineering Corp. & CECO Pipeline Services Co., which provides products and services to the gas transmission, midstream, gas processing, and petrochemical industries. In this position, he had overall responsibility for the group’s financial affairs, including the development and execution of turnaround plans and the successful negotiation of a corporate refinancing. From 1992 to 2009, Mr. Mansfield served as Vice President Strategic Planning of Bredero Shaw, the world’s largest provider of protective coatings for the oil and gas pipeline industry, where Mr. Mansfield spent more than 17 years. During his tenure with Bredero Shaw, Mr. Mansfield played a key role in strategic and mergers and acquisitions activities as it grew from annual revenues of $100 million to over $900 million.

Stephen Buck

Mr. Stephen C. Buck serves as President - Thermal Care of MFRI Inc., since October, 2007. Mr. Buck joined Thermal Care after a 22 year career most recently as President - Safety Products Group with Federal Signal Corporation (NYSE: FSS), which manufactures and markets products to industrial and municipal customers worldwide. Prior to his employment with Federal Signal Corporation, Mr. Buck held positions in marketing and management for companies in computer hardware/software, oil field services and telecommunications.

Edward Crylen

Mr. Edward A. Crylen serves as President and Chief Operating Officer of Midwesco Mechanical and Energy,an Operating Unit of MFRI Inc., since December 2006. From 1989 to December 2006, he was President of the Midwesco Mechanical and Energy, division of Midwesco, Inc. (affiliate) that was primarily owned by two principal stockholders who were also members of management.

John Foster

Mr. John Mark Foster serves as President of Midwesco Filter of MFRI Inc., since August 1, 2008. Mr. Foster previously worked at Saint-Gobain (PAR: SGO) in the areas of industrial/project engineering and plant management, followed by positions in market management, human resources and a series of North American and European general management assignments.

Grant Dewbre

Mr. Grant Dewbre is Senior Vice President - MENA of the Company. He brings over 25 years of experience in the management of projects and business units worldwide including sales and business development roles, the management of commercial activities, and the management of operations and construction activities for major oil and gas industry contracting companies. He has extensive experience working globally including in North and South America, Europe, Africa, Asia and the UAE. His scope of experience covers a variety of industries including serving in leadership roles at Seaway Heavy Lifting, Ceona Services (UK) LTD, Heerema Marine Contractors, and Bredero Shaw (Shawcor).

Scott James

Mr. Scott James is Senior Vice President - Americas of the Company. Scott has extensive experience working globally including in North and South America, Europe, Asia and Australia. His scope of experience covers a variety of industry sectors including Oil and Gas, Automotive, Aerospace and Utilities. Scott joins Perma-Pipe from the Houston office of Corrpro, an Aegion company, which provides pipeline integrity and cathodic protection services. Prior to that, Scott served at RAE Energy as well as Stanley Oil & Gas, focusing on non-destructive testing, field joint coating and welding services for the pipeline industry. He also held a variety of leadership roles for Shawcor, which specializes in the application of anti-corrosion coatings, thermal insulation coatings, field joint coatings, and welding/fabrication activities for steel pipe intended for oil & gas pipeline construction.

Michael Bennett

Mr. Michael D. Bennett serves as Vice President, Secretary, Treasurer of MFRI Inc. He resigned as Chief Financial Officer of the Company, effective October 12, 2012. He is Chief Financial Officer and Vice President of the Company since August 1989.

Robert Maffei

Mr. Robert A. Maffei serves as Vice President, Director - Sales and Marketing of Perma-Pipe, an Operating Unit of MFRI Inc., since August 1996.

Timothy Murphy

Mr. Timothy P. Murphy serves as Vice President - Human Resources of MFRI Inc., since May 2008. Prior to joining the Company, Mr. Murphy spent 28 years as a business consultant in roles including Principal Partner of Murphy & Hill Consulting, Managing Director of the Bay Area office of RHR, International and Consultant with YSC, Ltd. Mr. Murphy previously consulted to the Company from 1985 to 2008.

Dennis Kessler

Mr. Dennis L. Kessler serves as Lead Independent Director of MFRI Inc., since 1998. He has been President of Midwest Business Advisors (formerly Kessler Management Consulting, LLC) since 1998. He advises clients on conflict resolution, strategic planning, employee recruitment and retention strategies, work/life benefits and succession planning. Fel-Pro employed 3,000 people in seven countries and its sales were approximately $500 million. Mr. Kessler served Fel-Pro as Co-President, following service as its Vice President of Engineering, Vice President of Operations, Vice President of Original Equipment Sales, CEO for International Operations and President of the Ventures Group of companies, including Fel-Pro Realty and Fel-Pro Chemical Products LLP. Prior to the past five years Mr. Kessler had many years of experience as a member of public company boards and continues to serve on the boards of civic and not-for-profit organizations including serving as President. Mr. Kessler has continuously served on the Company's Board since 1998, continuously served as Audit Committee Vice Chairman from 1998 until 2009, has continuously served as Lead Independent Director and Nominating and Corporate Governance Committee Chairman since 2009 and has continuously served on all of the Board's other standing committees since 1998.

David Barrie

Mr. David S. Barrie has been appointed as Independent Director of MFRI, Inc., effective November 1, 2012. He has been Principal of Barrie International, LLC, providing strategic and operational consulting to senior management of companies in the United States and abroad, and Senior Executive Advisory Board member of Brown, Gibbons, Lang & Company, a middle market investment banking firm. He has also served on the boards of several non-profit institutions, including the Cleveland Museum of Natural History. From 2000 to 2009, Mr. Barrie served in senior management positions at Eaton Corporation, including corporate development, legal planning, and operational management, in the U.S. and abroad, having served Eaton Corporation and a predecessor company from 1984 to 2000 with progressive responsibilities in law, internal audit, and corporate development. Mr. Barrie was appointed to the Audit, Nominating Corporate Governance and Compensation Committees in April 2013. He is a member of the National Association of Corporate Directors.

David Brown

Mr. David B. Brown is an Independent Director of the Company. Since November 2010, Mr. Brown has been a Board Member, Audit Committee Chair and Compensation Committee member for Cubic Energy, Inc., an independent energy company engaged in the development and production of, and exploration for, crude oil and natural gas and natural gas liquids. Since May 2014, Mr. Brown has been the Interim Chief Financial Officer at MV Transportation, Inc., a private provider of paratransit services and passenger transportation contracting firm. From January 2012 to May 2013, Mr. Brown served as Senior Vice President and Chief Accounting Officer at Moneygram International, Inc. (NYSE: MGI), a $1.4 billion provider of global money transfer and payment services. From February 2011 to January 2012, Mr. Brown served as Chief Financial Officer of General Electric - Dresser (formerly Dresser, Inc.), a $2 billion energy infrastructure company which manufactures highly engineered flow control products, measurement and distribution systems, and natural gas compression and power engines, following General Electric Company’s acquisition of Dresser, Inc. on February 1, 2011, prior to which he was Chief Accounting Officer and Controller of Dresser, Inc. from June 2007 to January 2011. From June 2008 to January 2012, Mr. Brown was also a shareholder representative for a joint venture with General Electric (formerly with Dresser, Inc.) in Novgorod, Russia that supplies equipment and pipeline valves manufactured under license in Russia and several former USSR territories. Prior to joining Dresser, Inc., Mr. Brown held various senior leadership roles at The Brink’s Company, a global security services provider, between 2003 and 2007, including Senior Director Finance and Process Improvement, Chief Audit Executive, and Vice President and Controller. Mr. Brown received his Bachelor of Business Administration degree in Accounting from University of Texas at Austin and is a Certified Public Accountant in the State of Texas.

Michael Gade

Mr. Michael J. Gade serves as an Independent Director of MFRI Inc., since April 7, 2009. He is an Executive in Residence at the University of North Texas and a Founding Partner of the Challance Group, LLP, providing corporate finance, marketing and strategic services for clients. From 2003 to 2004, Mr. Gade was the senior executive for the southwest region of Home Depot, Inc. and from 2000 to 2003, he was Senior Vice President and Chief Marketing and Merchandising Officer of 7-Eleven, Inc. Mr. Gade previously served as Executive Vice President of Strategic Marketing and Development of Associates First Capital Corporation and as a Senior Partner of Coopers & Lybrand (now a part of PriceWaterhouse Coopers). Since May 2005, Mr. Gade has served as a director of Rent-A-Center, Inc. He serves on the Audit and Governance Committees of the Rent-A-Center Board and previously served on its Compensation Committee. He serves on the Audit Committee of The Crane Group Board. Mr. Gade has continuously served on the Company's Board since April 2009 and has continuously served as Compensation Committee Chairman and as a member of all of the Board's other standing committees since June 2009.

Jerome Walker

Mr. Jerome T. Walker is Independent Director of the Company. Since September 2012, Mr. Walker has been Executive Vice President of Global Solutions at Dresser-Rand Group Inc. ("Dresser-Rand"). From January 2009 to September 2012, Mr. Walker served as Dresser-Rand’s Vice President and General Manager, Americas and Asia Pacific Operations. Prior to joining Dresser-Rand, Mr. Walker held various senior leadership roles at Honeywell International, a diversified technology and manufacturing company, between 1993 and 2008, including Vice President of Global Operations, Vice President and General Manager of Honeywell’s Europe, Middle East and Africa industrial business unit, Vice President of Sales, Vice President of Business Development and Director of Marketing. Mr. Walker started his career in operations at the BP p.l.c. (formerly Amoco Corporation) Whiting Refinery outside Chicago and also worked in Product Marketing at Emerson Electric. Mr. Walker received his Bachelor of Science degree in Chemical Engineering from The University of Notre Dame, and his Master of Business Administration degree from Northwestern University Kellogg Graduate School of Management.

Mark Zorko

Mr. Mark A. Zorko, CPA., serves as an Independent Director of MFRI Inc., since April 7, 2009. He served as the Chief Financial Officer of Steel Excel, Inc. (SXCL) until May 2013. He also served as the President and Chief Executive Officer of SXCL's subsidiary Well Services Ltd. (WSL) in 2012 and Chief Financial Officer of DGT Holdings Corp. (DGTC) from 2006-2012. SXCL, WSL and DGTC are all affiliated with Steel Partners Holding, L.P., a publicly traded diversified global holding company. SXCL is primarily engaged in the oilfield service business and is publicly traded. DGT Holdings was engaged in the business of x-ray imaging and power conversion subsystems worldwide and is publicly traded. From 2000 to 2010, Mr. Zorko was a CFO Partner at Tatum, LLC, a professional services firm, where he held Chief Financial Officer positions with public and private client companies. His prior experience also includes serving as the corporate controller for Zenith Data Systems Corporation, a computer manufacturing and retail electronics company, and finance manager positions with Honeywell, Inc. Mr. Zorko was with Arthur Andersen & Co. Mr. Zorko served in the Marine Corps. from 1970 to 1973. Mr. Zorko is on the audit committee for Opportunity Int'l, a microfinance bank, and on the Finance Committee for the Alexian Brothers Health System. Mr. Zorko earned a BS degree in accounting from The Ohio State University, an MBA from the University of Minnesota, and completed the FEI's Chief Financial Officer program at Harvard University. He is a Certified Public Accountant and a member of the National Association of Corporate Directors. Mr. Zorko is a National Association of Corporate Directors ("NACD") Governance Fellow.