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MISTRAS Group Appoints Natalia Shuman as President and Chief Executive Officer

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MISTRAS Group (NYSE: MG) has appointed Natalia Shuman as President and CEO, effective January 1, 2025. Shuman brings over 20 years of leadership experience in the Testing, Inspection, and Certification (TIC) industry, most recently serving as Group Executive VP at Eurofins Scientific, where she led 12,000+ employees.

She succeeds Manuel Stamatakis, who will continue as Executive Chairman after serving as Interim CEO since October 2023. At Eurofins, Shuman drove growth strategies and operational excellence. Previously, as North American CEO for Bureau Veritas, she managed 7,000 employees across 130 offices, leading significant growth and transformation initiatives. She holds an MBA from Columbia and London Business Schools.

MISTRAS Group (NYSE: MG) ha nominato Natalia Shuman come Presidente e CEO, con effetto dal 1 gennaio 2025. Shuman porta con sé oltre 20 anni di esperienza nella leadership nel settore dei Test, Ispezioni e Certificazioni (TIC), avendo recentemente ricoperto il ruolo di Vicepresidente Esecutivo del Gruppo presso Eurofins Scientific, dove ha guidato più di 12.000 dipendenti.

Succede a Manuel Stamatakis, che continuerà come Presidente Esecutivo dopo aver ricoperto il ruolo di CEO ad interim da ottobre 2023. Presso Eurofins, Shuman ha guidato strategie di crescita e di eccellenza operativa. In precedenza, come CEO per il Nord America di Bureau Veritas, ha gestito 7.000 dipendenti in 130 uffici, guidando iniziative significative di crescita e trasformazione. Possiede un MBA presso Columbia e London Business Schools.

MISTRAS Group (NYSE: MG) ha nombrado a Natalia Shuman como Presidenta y CEO, con efecto a partir del 1 de enero de 2025. Shuman aporta más de 20 años de experiencia en liderazgo en la industria de Pruebas, Inspección y Certificación (TIC), habiendo desempeñado recientemente el cargo de Vicepresidenta Ejecutiva del Grupo en Eurofins Scientific, donde lideró a más de 12.000 empleados.

Ella sucede a Manuel Stamatakis, quien continuará como Presidente Ejecutivo después de haber servido como CEO interino desde octubre de 2023. En Eurofins, Shuman impulsó estrategias de crecimiento y excelencia operativa. Anteriormente, como CEO de América del Norte para Bureau Veritas, gestionó a 7.000 empleados en 130 oficinas, liderando iniciativas significativas de crecimiento y transformación. Tiene un MBA de las Escuelas de Negocios de Columbia y Londres.

MISTRAS Group (NYSE: MG)는 Natalia Shuman을 2025년 1월 1일부로 사장 겸 CEO로 임명했습니다. Shuman은 테스트, 검사 및 인증(TIC) 산업에서 20년 이상의 리더십 경험을 보유하고 있으며, 최근에는 Eurofins Scientific의 그룹 부사장으로 재직하며 12,000명 이상의 직원을 관리했습니다.

그녀는 2023년 10월부터 임시 CEO로 활동해온 Manuel Stamatakis의 뒤를 이어 Executive Chairman으로 남게 됩니다. Eurofins에서 Shuman은 성장 전략과 운영 우수성을 주도했습니다. 이전에는 Bureau Veritas의 북미 CEO로서 130개 사무소에서 7,000명의 직원을 관리하며 중요한 성장 및 변환 이니셔티브를 이끌었습니다. 그녀는 컬럼비아 대학교와 런던 비즈니스 스쿨에서 MBA를 취득했습니다.

MISTRAS Group (NYSE: MG) a nommé Natalia Shuman au poste de présidente et PDG, à compter du 1er janvier 2025. Shuman apporte plus de 20 ans d'expérience en leadership dans l'industrie des tests, inspections et certifications (TIC), ayant récemment occupé le poste de vice-présidente exécutive du groupe chez Eurofins Scientific, où elle a dirigé plus de 12 000 employés.

Elle succède à Manuel Stamatakis, qui continuera en tant que président exécutif après avoir été PDG par intérim depuis octobre 2023. Chez Eurofins, Shuman a impulsé des stratégies de croissance et d'excellence opérationnelle. Auparavant, en tant que PDG de l'Amérique du Nord pour Bureau Veritas, elle a géré 7 000 employés dans 130 bureaux, dirigeant des initiatives de croissance et de transformation significatives. Elle détient un MBA des écoles de commerce de Columbia et de Londres.

MISTRAS Group (NYSE: MG) hat Natalia Shuman mit Wirkung zum 1. Januar 2025 zur Präsidentin und CEO ernannt. Shuman bringt über 20 Jahre Führungserfahrung in der Test-, Inspektions- und Zertifizierungsindustrie (TIC) mit, zuletzt als Geschäftsführerin der Eurofins Scientific Group, wo sie über 12.000 Mitarbeiter leitete.

Sie tritt die Nachfolge von Manuel Stamatakis an, der nach seinem Interim-CEO-Amt seit Oktober 2023 weiterhin als Executive Chairman tätig sein wird. Bei Eurofins hat Shuman Wachstumsstrategien und betriebliche Exzellenz vorangetrieben. Zuvor war sie als CEO für Nordamerika bei Bureau Veritas tätig, wo sie 7.000 Mitarbeiter in 130 Büros leitete und bedeutende Wachstums- und Transformationsinitiativen vorantrieb. Sie besitzt einen MBA von der Columbia und der London Business School.

Positive
  • Appointment of experienced TIC industry executive with proven track record in scaling billion-dollar enterprises
  • Previous leadership experience managing large teams (12,000+ at Eurofins, 7,000 at Bureau Veritas)
  • Demonstrated success in driving growth strategies and operational excellence in similar industry roles
  • Strong background in business transformation and M&A
Negative
  • Transition period may cause temporary operational adjustments
  • Implementation of new leadership vision could require additional resources and time

Manuel (Manny) N. Stamatakis Continues as Executive Chairman of the Board

MISTRAS Group

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


FAQ

When will Natalia Shuman start as CEO of MISTRAS Group (MG)?

Natalia Shuman will begin her role as President and CEO of MISTRAS Group on January 1, 2025.

What is Natalia Shuman's previous experience before joining MISTRAS Group (MG)?

Shuman was Group Executive VP at Eurofins Scientific leading 12,000+ employees, and North American CEO for Bureau Veritas managing 7,000 employees across 130 offices.

Who is MISTRAS Group's (MG) current Executive Chairman?

Manuel (Manny) N. Stamatakis is the Executive Chairman and will continue in this role after serving as Interim CEO since October 2023.

What industry experience does the new MISTRAS Group (MG) CEO have?

Natalia Shuman has over two decades of leadership experience in the Testing, Inspection, and Certification (TIC) industry, with executive roles at Eurofins Scientific and Bureau Veritas.

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