MISTRAS Group Names Natalia Shuman as New CEO to Drive Growth

MISTRAS Group Welcomes Natalia Shuman as New Leadership

MISTRAS Group, Inc. (NYSE: MG), a prominent provider of integrated technology-driven asset protection solutions, is pleased to announce the appointment of Natalia Shuman as the new President and Chief Executive Officer, effective January 1, 2025. This significant transition marks an exciting chapter for MISTRAS as it continues to strengthen its position in the market.

Extensive Experience in Asset Protection

Natalia Shuman arrives at MISTRAS with a wealth of experience garnered over two decades in leadership roles within the Testing, Inspection, and Certification (TIC) industry. Prior to joining MISTRAS, Shuman held various executive positions, most notably at Eurofins Scientific, where she was pivotal in leading over 12,000 employees. Her focus on growth strategies, operational excellence, and strategic value creation has proven her capability in steering large enterprises toward success.

A Legacy of Leadership

Shuman's appointment comes as she succeeds Manuel N. Stamatakis, who has served as Interim CEO and Executive Chairman since October 2023. Stamatakis will remain engaged as Executive Chairman, providing essential strategic guidance and support to both Shuman and the management team. The MISTRAS Board of Directors expressed their heartfelt thanks to Stamatakis for his exemplary leadership during a crucial transitional period for the company.

Vision for Future Growth

In her own words, Shuman expressed her excitement about leading MISTRAS into its next stage of growth, stating, “I’m honored to join MISTRAS Group to lead the Company into its next phase of growth. Together with Manny, the Board of Directors, and the leadership team, I am committed to enhancing the robust foundation we've built and driving meaningful value for all our stakeholders.”

Proven Success Across Industries

Natalia Shuman has a proven record of success across multiple industries, including manufacturing, energy, chemicals, pharmaceuticals, and construction. As the former North American CEO for Bureau Veritas, she expertly managed a workforce of 7,000 across 130 operational sites in the USA, Canada, and Mexico, leading substantial growth and transformation in the organization.

Championing Diversity and Inclusion

In addition to her business acumen, Shuman is also recognized for her commitment to diversity and inclusion within the workplace. Her advocacy efforts in this area have garnered accolades from several esteemed organizations, highlighting her dedication to fostering an inclusive environment.

Educational Background

Shuman holds dual Master of Business Administration (MBA) degrees from Columbia Business School and London Business School, reflecting her solid educational background that complements her extensive professional experience.

About MISTRAS Group, Inc.

MISTRAS Group, Inc. (NYSE: MG) stands at the forefront of integrated asset protection solutions. The company is dedicated to maximizing the safety and operational reliability of critical industrial and civil assets. Their innovative, data-driven capabilities are complemented by a robust commitment to Environmental, Social, and Governance (ESG) initiatives.

Core Capabilities

The company’s diverse portfolio includes asset protection services that are essential to industries such as oil and gas, aerospace and defense, and renewable energy. MISTRAS integrates advanced technology and robotics into their non-destructive testing services, alongside a suite of monitoring solutions designed for optimal efficiency and safety.

Conclusion and Future Prospects

With Natalia Shuman at the helm, MISTRAS Group is well-positioned to continue its mission of providing top-tier asset protection solutions while pursuing growth and innovation. Shuman's leadership promises a focus on enhancing the company’s capabilities, ensuring it remains a crucial partner in safeguarding the infrastructure that supports modern society.

Frequently Asked Questions

Who is the new CEO of MISTRAS Group?

Natalia Shuman has been appointed as the new President and CEO of MISTRAS Group, effective January 1, 2025.

What experience does Natalia Shuman bring to MISTRAS Group?

Shuman has over two decades of leadership experience in the Testing, Inspection, and Certification industry, having previously served as an executive at Eurofins Scientific and Bureau Veritas.

What will happen to Manuel N. Stamatakis?

Manuel N. Stamatakis will continue as Executive Chairman of the Board, supporting Shuman and the leadership team.

What is MISTRAS Group known for?

MISTRAS Group is known for providing integrated technology-enabled asset protection solutions across various industries, enhancing safety and operational uptime.

How does MISTRAS Group support Environmental, Social, and Governance initiatives?

MISTRAS is committed to ESG initiatives through its innovative solutions and dedication to sustainability within its operations and client engagements.

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