DIRTT Announces Board and Leadership Updates
Rhea-AI Summary
DIRTT (OTCQX: DRTTF) announced board and leadership changes effective November 26, 2025 to accelerate its transformation strategy. Scott Robinson was named Executive Chairman to coordinate and execute the Board’s strategic plan and oversee transformation initiatives. Adrian Zarate was named Chief Transformation Officer, will remain on the Board, and entered an employment agreement through June 30, 2026. In connection with these moves, Holly Hess Groos was appointed Lead Independent Director and Shally Pannikode joined the Corporate Governance and Compensation Committee. Mr. Zarate also resigned his employment at 22NW and stepped down from the Corporate Governance and Compensation Committee.
The company said the next phase will focus on business process optimizations to support long-term growth.
Positive
- Appointments effective November 26, 2025
- Chief Transformation Officer role established with term to June 30, 2026
- Lead Independent Director appointed to strengthen board independence
Negative
- Short-term CTO term ends June 30, 2026
- Director resigned employment at 22NW, signaling governance changes
News Market Reaction
On the day this news was published, DRTTF gained 2.04%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves: ENGC fell -29.95% while GRHI rose 120%, and others were flat. With DIRTT up 2.33% and no broad, consistent sector direction, the move appeared stock-specific rather than a sector-wide rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 26 | Leadership changes | Positive | +2.0% | Executive Chairman and Chief Transformation Officer appointed to drive strategy. |
| Nov 05 | Earnings release | Neutral | -1.1% | Third quarter 2025 financial results reported with modest negative price reaction. |
| Oct 28 | Earnings scheduling | Neutral | -4.3% | Announcement of timing for Q3 2025 results and conference call. |
| Oct 09 | Project awards | Positive | -2.3% | Over $7M in new projects across multiple sectors announced. |
| Sep 18 | Investor conferences | Positive | +2.9% | Participation in two investor conferences to increase visibility. |
Recent news reactions are mixed: conference and leadership/transformation updates have coincided with modest gains, while positive commercial wins and neutral scheduling/earnings items have sometimes seen negative follow-through.
Over the last few months, DIRTT has balanced financial restructuring and commercial momentum with ongoing transformation. A conferences update on Sep 18, 2025 saw a 2.93% gain, while the Oct 9, 2025 announcement of over $7 million in new projects coincided with a -2.31% move. Ahead of Q3 results, the Oct 28, 2025 earnings call scheduling drew a -4.26% reaction, and the actual Q3 2025 release on Nov 5 was followed by a modest -1.1% move. Today’s board and leadership updates on Nov 26, 2025 aligned with a positive 2.04% reaction, reinforcing the market’s focus on governance and transformation.
Market Pulse Summary
This announcement detailed a governance realignment to support DIRTT’s transformation, elevating Scott Robinson to Executive Chairman and appointing Adrian Zarate as Chief Transformation Officer through June 30, 2026. These roles centralize oversight of strategic and financial transformation initiatives. Set against prior updates on new projects, investor conferences, and softer Q3 2025 results, the news highlights an emphasis on execution discipline. Key metrics to watch include future disclosures on operational efficiencies, revenue trajectory, and how leadership changes interact with ongoing capital structure management.
Key Terms
executive chairman financial
chief transformation officer financial
lead independent director financial
corporate governance and compensation committee financial
AI-generated analysis. Not financial advice.
CALGARY, Alberta, Nov. 26, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, today announced two strategic short-term appointments to accelerate the Company’s transformation strategy. Scott Robinson has been appointed Executive Chairman of the Board and Adrian Zarate has been appointed Chief Transformation Officer, each effective November 26, 2025.
Mr. Robinson has served on the Board of Directors since April 2022 and was appointed as Chairman of the Board in June 2024. In his new role as Executive Chairman, Mr. Robinson will coordinate the execution of the strategic plan established by the Board and executive team, execute on business and operational transformation initiatives and oversee the work of the newly appointed Chief Transformation Officer. In connection with this appointment, the Board has appointed Holly Hess Groos as Lead Independent Director.
Mr. Zarate, who has served on DIRTT’s Board of Directors since July 2025 as the director nominee of 22NW Fund, LP (“22NW”), will remain on the Board and will step down from the Corporate Governance and Compensation Committee. He will also resign from his employment at 22NW effective immediately. Shally Pannikode, an independent member of the Board, will be appointed to the Corporate Governance and Compensation Committee. As Chief Transformation Officer, Mr. Zarate will collaborate with Mr. Robinson and the Company's executive team to implement financial aspects of the Company’s transformation plan. In connection with his appointment as Chief Transformation Officer, Mr. Zarate entered into an employment agreement with the Company for an initial term ending on June 30, 2026.
“Over the past year, our transformation process has successfully supported an expanded revenue strategy and established a strong foundation for growth,” said Benjamin Urban, Chief Executive Officer. “This next phase will focus on business process optimizations that we believe will set us up for long-term success.”
About DIRTT Environmental Solutions
DIRTT is a leader in industrialized construction. DIRTT’s system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the workplace, healthcare, education, and public sector markets, DIRTT’s system provides total design freedom, and greater certainty in cost, schedule, and outcomes. DIRTT’s interior construction solutions are designed to be highly flexible and adaptable, enabling organizations to easily reconfigure their spaces as their needs evolve. Headquartered in Calgary, AB Canada, DIRTT trades on the Toronto Stock Exchange under the symbol “DRT” and on the OTCQX under the symbol "DRTTF".
Certain statements contained in this release are “forward-looking statements” within the meaning of “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934 and “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact included in this news release are forward-looking statements. When used in this news release, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “will,” “should,” “would,” “could,” “can,” "plan," the negatives thereof, variations thereon and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
Forward-looking statements are based on certain estimates, beliefs, expectations, and assumptions made in light of management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors that may be appropriate. Forward-looking statements necessarily involve unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed or implied in such statements. Due to the risks, uncertainties, and assumptions inherent in forward-looking information, you should not place undue reliance on forward-looking statements. Factors that could have a material adverse effect on our business, financial condition, results of operations and growth prospects include, but are not limited to, risks described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, and in our subsequently filed Quarterly Reports on Form 10-Q and also in the Company’s other continuous disclosure filings available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Our past results of operations are not necessarily indicative of our future results. You should not rely on any forward-looking statements, which represent our beliefs, assumptions and estimates only as of the dates on which they were made, as predictions of future events. We undertake no obligation to update these forward-looking statements, even though circumstances may change in the future, except as required under applicable securities laws. We qualify all of our forward-looking statements by these cautionary statements.
FOR FURTHER INFORMATION PLEASE CONTACT ir@dirtt.com
FAQ
Who was appointed Executive Chairman of DIRTT (DRTTF) on November 26, 2025?
What is Adrian Zarate’s new role at DIRTT (DRTTF) and how long is the agreement?
What board changes did DIRTT (DRTTF) announce alongside the leadership appointments?
Did Adrian Zarate remain on DIRTT’s board after his appointment as Chief Transformation Officer?
When will DIRTT’s announced leadership changes take effect for shareholders tracking DRTTF?
