US-based construction consultancy Hill International has appointed a new interim chief financial officer (CFO) after senior vice president Marco Martinez resigned from the role on 17 October 2018, US corporate filings have revealed.
According to a filing to the US Securities and Exchange Commission (SEC) seen by Construction Week, Gregory Wolf is now interim CFO of the US-based firm and “is expected to serve in such a capacity until a permanent CFO is appointed”.
Now receiving an annual salary of $405,000, Wolf has been with the company since January 2018, “working closely with Martinez” since his joining, the firm added.
Before joining Hill, Wolf worked as interim CFO at US construction engineering company Pernix Group between 2016 and 2017, before that serving as chief accounting officer of MYR Group from 2000 to 2014, including taking MYR public in 2008.
A certified public accountant, 50 year-old Wolf holds a bachelor’s degree in accounting and a master’s in taxation from Northern Illinois University in the US.
According to the same regulatory filing, Martinez’s retirement and resignation were “not sure to any disagreement with the company”.
Hill said he will receive a $17,500 bonus “in recognition of his efforts in getting the company current with its periodic reporting obligations with the SEC”.
The senior management change came one day after the group announced on Tuesday that the New York Stock Exchange will resume trading of Hill stock on 18 October.
In August this year, the firm named Raouf Ghali as its new chief executive officer. Effective 1 October, Ghali took over the reins from Paul Evans who had served as the company’s interim CEO since May 2017.
In the Middle East, Hill International has worked on the new Muscat International Airport in Oman.