DIRTT Announces Promotion of Richard Hunter to President and Chief Operating Officer

Rhea-AI Summary

DIRTT Environmental Solutions (TSX: DRT, OTC: DRTTF) has promoted Richard Hunter to President and Chief Operating Officer, effective immediately. This new role reflects DIRTT's focus on growth and manufacturing excellence. Hunter, who has been COO since August 2022, will now also define and implement corporate strategy, grow talent, lead technology, and further innovation.

CEO Benjamin Urban praised Hunter's visionary leadership, citing improvements in gross margins, procurement optimization, and manufacturing delivery and quality. Hunter brings over 30 years of transformational operations and manufacturing experience from companies like General Motors, Danaher, Crane, and Forterra. He expressed gratitude for the opportunity to lead DIRTT's team and advance their "Journey to Excellence" initiatives.

Positive

• Promotion of experienced executive to President and COO role
• Improved gross margins and operational efficiencies under Hunter's leadership
• Optimized procurement processes
• Enhanced manufacturing delivery and quality
• Focus on implementing corporate strategy and driving revenue growth

Negative

• None.

News Market Reaction

+1.01%

1 alert

+1.01% News Effect

On the day this news was published, DRTTF gained 1.01%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CALGARY, Alberta, Sept. 11, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (TSX: DRT) (OTC: DRTTF) (“DIRTT”), a global leader in industrialized construction, today announced the promotion of Richard Hunter to the role of President and Chief Operating Officer, effective immediately. This newly created executive leadership role reflects the company’s continued focus on growth and excellence in manufacturing.

Mr. Hunter has served as the Chief Operating Officer of DIRTT since August of 2022, and will continue in that position alongside his new responsibilities. As President, he will focus on defining and implementing the company’s corporate strategy, growing talent, leading technology and furthering innovation.

“Richard’s visionary leadership has already had a significant impact on DIRTT during his tenure,” said Benjamin Urban, CEO of DIRTT. “He has driven operational efficiencies that have improved gross margins, optimized procurement and improved manufacturing delivery and quality. I look forward to his continued contributions as we advance DIRTT’s commercial strategy and drive revenue growth.”

Mr. Hunter brings more than 30 years of transformational operations and manufacturing experience with a track record of helping to increase revenue, build efficiency and develop high-performing talent with companies including General Motors, Danaher, Crane and Forterra.

“DIRTT’s accomplishments these past two years are nothing short of amazing and are a direct result of having such outstanding employees,” said Mr. Hunter. “I am extremely grateful and honored to lead such a great team. I look forward to continuing to advance our “Journey to Excellence” initiatives, setting the industry benchmark for modular construction manufacturing.”

ABOUT DIRTT

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".

FOR FURTHER INFORMATION, PLEASE CONTACT
DIRTT Investor Relations at ir@dirtt.com

FAQ

What is Richard Hunter's new role at DIRTT Environmental Solutions (DRTTF)?

Richard Hunter has been promoted to President and Chief Operating Officer of DIRTT Environmental Solutions, effective immediately.

How long has Richard Hunter been with DIRTT (DRTTF) before this promotion?

Richard Hunter has served as the Chief Operating Officer of DIRTT since August 2022, before his promotion to President and COO in September 2024.

What improvements has Richard Hunter brought to DIRTT (DRTTF) during his tenure?

According to CEO Benjamin Urban, Richard Hunter has driven operational efficiencies that improved gross margins, optimized procurement, and enhanced manufacturing delivery and quality at DIRTT.

What will be Richard Hunter's focus in his new role at DIRTT (DRTTF)?

As President and COO, Richard Hunter will focus on defining and implementing DIRTT's corporate strategy, growing talent, leading technology, furthering innovation, and advancing the company's 'Journey to Excellence' initiatives.