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PRINCETON JUNCTION, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG)—a leading "one source" multinational provider of integrated technology-enabled asset protection solutions—today announced that the Company’s Board of Directors has appointed Natalia Shuman as MISTRAS Group’s new President and Chief Executive Officer (CEO), effective January 1, 2025. Ms. Shuman brings over two decades of leadership experience to MISTRAS Group, having held executive roles at prominent global organizations in the Testing, Inspection, and Certification (TIC) industry. Most recently, as Group Executive Vice President and Group Operating Council Member for Eurofins Scientific, she led over 12,000 employees, driving growth strategies, operational excellence, and strategic value creation. Known for scaling billion-dollar enterprises through organic growth and M&A, Ms. Shuman has a proven track record of fostering strong teams and delivering innovative, value-driven solutions. Building on a Strong Foundation Ms. Shuman succeeds Manuel (Manny) N. Stamatakis as the CEO, who has been serving as both Interim CEO and the Executive Chairman of the Board since October 2023. Mr. Stamatakis will continue in the role of Executive Chairman of the Board, providing strategic oversight and support to the CEO and the Company’s leadership team. The Board of Directors extends its gratitude to Mr. Stamatakis for his exemplary service as Interim CEO during a pivotal time for the Company, helping to advance key initiatives and positioning MISTRAS Group for future growth. Mr. Stamatakis expressed the Board’s confidence, stating: "Today's announcement is the result of a deliberate, rigorous search to find the right leader to continue MISTRAS Group’s pursuit of profitable growth and sustainable improvement in shareholder value. Natalia’s extensive experience, proven leadership, and fresh perspective make her the ideal choice to guide MISTRAS toward achieving its strategic goals and unlocking its full potential.” “I’m honored to join MISTRAS Group to lead the Company into its next phase of growth,” said Ms. Shuman. “Working alongside Manny, the Board of Directors, and the leadership team, I am committed to building on the strong foundation established and driving meaningful value for all our stakeholders." Leadership Excellence in TIC and Across Global Industries A global business leader with extensive experience across diverse industries and cultural landscapes, Ms. Shuman has demonstrated a strong ability to achieve results in business-to-business services, spanning manufacturing, energy, chemicals, pharmaceuticals, industrial services, and construction. As North American CEO for Bureau Veritas, Ms. Shuman oversaw 7,000 employees across 130 offices and laboratories in the U.S., Canada, and Mexico. She spearheaded a period of significant growth and transformation, steering the company to a diversified, more resilient business model. She also championed a unified “one company” culture, elevating brand recognition in North America. Before joining Bureau Veritas, Ms. Shuman led international business operations at Kelly Services, a global staffing and human resources outsourcing company. She is also recognized as a vocal advocate for diversity and inclusion, receiving accolades from several prominent organizations. Ms. Shuman earned a dual Master of Business Administration (MBA) from Columbia Business School and London Business School. About MISTRAS Group, Inc. - One Source for Asset Protection Solutions ® MISTRAS Group, Inc. (NYSE: MG) is a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, helping to maximize the safety and operational uptime for civilization’s most critical industrial and civil assets. Backed by an innovative, data-driven asset protection portfolio, proprietary technologies, strong commitment to Environmental, Social, and Governance (ESG) initiatives, and a decades-long legacy of industry leadership, MISTRAS leads clients in the oil and gas, aerospace and defense, renewable and nonrenewable power, civil infrastructure, and manufacturing industries towards achieving operational and environmental excellence. By supporting these organizations that help fuel our vehicles and power our society; inspecting components that are trusted for commercial, defense, and space craft; building real-time monitoring equipment to enable safe travel across bridges; and helping to propel sustainability, MISTRAS helps the world at large. MISTRAS enhances value for its clients by integrating asset protection throughout supply chains and centralizing integrity data through a suite of Industrial IoT-connected digital software and monitoring solutions. The company’s core capabilities also include non-destructive testing field and in-line inspections enhanced by advanced robotics, laboratory quality control and assurance testing, sensing technologies and NDT equipment, asset and mechanical integrity engineering services, and light mechanical maintenance and access services. For more information about how MISTRAS helps protect civilization’s critical infrastructure and the environment, visit https://www.mistrasgroup.com/. Contact: Nestor S. Makarigakis Group Vice President, Marketing and Communications MISTRAS Group, Inc. marcom@mistrasgroup.com +1 (609) 716-4000 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2a06ebcd-e31e-4295-892e-c6b91f4b67fb
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Black Friday Frenzy Black Friday has evolved from a single day of deep discounts into a month-long retail event, shaping consumer behavior and driving massive sales across the United States. Originally aimed at clearing stock and boosting retail sales in the lead-up to Christmas, Black Friday has now become a worldwide shopping phenomenon, but its impact on consumers and the economy is complex. While retailers aim to maximize profit, consumers often face a dizzying array of deals, many of which are not as beneficial as they appear. Scams, misleading discounts, and strategic pricing tactics can sometimes exploit shoppers’ eagerness for deals, leaving them with purchases that aren't quite the steals they seem. Consumers, know your (shopping) rights! During Black Friday, consumers are drawn in by advertising that emphasizes significant discounts and one-time-only deals. Remember that talking robot almost a decade ago? Well, it posed to strike a good deal with shoppers. However, not all deals are genuine bargains, as retailers often inflate original prices before applying a discount or use lower-quality versions of popular products as "doorbusters." These tactics can easily mislead shoppers, creating a risk of overspending on items that might not hold their value. Additionally, consumers face an increasing threat of online scams . Fake e-commerce sites, phishing emails posing as trusted retailers and fraudulent "limited-time" promotions circulate heavily, targeting bargain hunters. In regions like San Francisco, where tech-savvy consumers may think they’re adept at avoiding scams, the evolving sophistication of these tactics still poses risks. Recognizing reputable sites, paying attention to secure checkout processes, and avoiding suspicious links are essential practices to guard against fraud. Consumer rights laws require retailers to advertise truthfully and honor refund policies, but these protections only go so far when consumers don’t closely read the fine print or verify the legitimacy of offers. Economically, the impact of Black Friday extends beyond the individual shopper to the broader retail ecosystem. For residents in high-cost living areas like California, the illusion of savings can drive unnecessary debt as shoppers often spend on items they wouldn’t typically purchase. Meanwhile, small local businesses, especially in cities like San Francisco, often struggle to compete with the promotional power of large retailers, which siphons consumer spending away from local economies. Nationally, while Black Friday brings a spike in sales, the profits largely benefit big-box stores and e-commerce giants. Smaller businesses face pressure to discount heavily, which can eat into their margins without providing a significant sales boost. As a result, while Black Friday is profitable for large retailers and online marketplaces, the economic gain for the average consumer or small business is often minimal, if not detrimental. The Breakdown While Black Friday does offer consumers some savings opportunities, the primary winners are often large retailers and online platforms, who capitalize on marketing strategies, high sales volumes, and brand trust to maximize profits. In California, where the cost of living is high, residents might feel an added pressure to take advantage of holiday deals, only to find themselves ensnared by misleading pricing or outright scams. A cautious approach to Black Friday may be the best defense for shoppers in regions like San Francisco. Knowing one’s consumer rights, carefully vetting deals, and supporting local businesses can help ensure that this holiday season serves the true interests of the shopper—not just those of the retailer. As Black Friday approaches, awareness and preparation are key for consumers looking to avoid scams and make the most of their holiday spending. *The San Francisco Examiner newsroom and editorial were not involved in the creation of this content.
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