MISTRAS Provides Update On Products & Systems' Segment And Project Phoenix; Appoints Gennaro (Jerry) D'Alterio As Executive Vice President And Chief Commercial Officer
Portfolio Pulse from Benzinga Newsdesk
MISTRAS Group, Inc. (MG: NYSE) has announced the implementation of the first Project Phoenix initiative, a reorganization of the Company's Products & Systems segment expected to increase Adjusted EBITDA by $4.0 Million in Fiscal 2024. The company also announced the appointment of Gennaro (Jerry) D'Alterio as Executive Vice President and Chief Commercial Officer. These initiatives are part of the company's strategy to accelerate the transition into faster growing markets and improve the performance of its traditional energy-related market operations.
October 02, 2023 | 1:16 pm
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MISTRAS Group's new initiatives and appointment of Gennaro D'Alterio could potentially accelerate the company's transition into faster growing markets and improve the performance of its traditional operations. This could have a positive impact on the company's stock.
The implementation of the first Project Phoenix initiative and the appointment of Gennaro D'Alterio as EVP and CCO are significant steps for MISTRAS Group. These moves signal the company's commitment to delivering increased value to its customers and shareholders, which could potentially boost the company's stock in the short term.
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