Perma-Pipe International Adds Ibrahim Jaham Al Kuwari to Board, Sees Departure of Two Directors

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced significant changes in its board composition in a recent event. On January 6, 2025, the Board of Directors appointed Ibrahim Jaham Al Kuwari to the Board, effective immediately. Mr. Al Kuwari, aged 63, brings with him a wealth of experience in business leadership and project management. He has previously served as CEO of Qatar Solar Technologies, a manufacturer of polysilicon for solar products, among other prominent roles in the industry.

Concurrently with his appointment to the Board, Mr. Al Kuwari was also named to the Audit, Compensation, and Nominating and Governance Committees. Perma-Pipe International highlighted his background in engineering, planning, and project management, underlining his suitability for the position.

Regarding the departure of existing members, Jerome T. Walker informed the Board of his decision not to seek re-election as a director at the upcoming 2025 Annual Meeting of Stockholders. Additionally, Cynthia Boiter tendered her resignation as a Board member, citing personal reasons, effective May 1, 2025. Perma-Pipe International clarified that these departures were not due to any disputes within the Company.

In connection with his appointment, Mr. Al Kuwari will receive compensation in line with the other independent directors, as outlined in the Company’s proxy statement for the 2024 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on July 2, 2024.

Perma-Pipe International issued a press release on January 6, 2025, disclosing these changes and events. The full details of these announcements can be found in Exhibit 99.1 included with the company’s recent filings.

Investors and stakeholders will be keenly monitoring how the changes in the Board of Directors will shape the future trajectory of Perma-Pipe International Holdings, Inc.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Perma-Pipe International’s 8K filing here.

About Perma-Pipe International

Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines.