Hill Int'l:Irvin Richter To Relinquish CEO Title;David To Become President & CEO

(RTTNews) - Hill International (HIL) announced Friday that its board has approved a leadership succession plan that will allow for the transition of the Chief Executive Officer position at the end of this year.

The company said that, effective December 31, 2014, Irvin Richter, the company's Chairman and Chief Executive Officer, will relinquish the Chief Executive Officer title but will remain with the company as Chairman.

At the same time, the company said that David Richter, currently the company's President and Chief Operating Officer, will become President and Chief Executive Officer.

Irv Richter founded the company in 1976 at the age of 31 and has been the only CEO in Hill's 38-year history. During that time, the company grew from one professional in one office to more than 4,000 professionals in 100 offices worldwide.

"Next year will be the right time for me to pass the CEO baton to David," said Irv Richter, who will turn 70 at the end of this year.

David Richter, 47, who is both an attorney and a civil engineer, has served at Hill for nearly nineteen years and he has been Hill's President and COO for nearly ten years. Prior to his current position, he was President of Hill's Project Management Group from 2001 to 2004, Senior Vice President and General Counsel from 1999 to 2001, and Vice President and General Counsel from 1995 to 1999.

Richter has also been a member of Hill's Board of Directors since 1998. He is a member of the Young Presidents' Organization, the Construction Industry Round Table, and the American Society of Civil Engineers.