Perma-Pipe International Holdings, Inc. Appoints Jon C. Biro to Board of Directors
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) has officially announced a significant change to its Board of Directors, appointing Mr. Jon C. Biro as a board member, effective March 4, 2025. This strategic appointment is part of the company’s ongoing efforts to enhance the expertise and capabilities of its leadership team to drive sustainable growth and operational excellence.
Jon C. Biro’s Extensive Leadership and Financial Experience
Mr. Biro, 58, brings a wealth of experience spanning leadership, finance, and corporate governance, making him a valuable addition to Perma-Pipe’s Board. Since 2022, he has served as an Operating Advisor to Snow Peak Capital, LLC, a private equity firm specializing in middle-market investments. Additionally, he holds a board position at Sandy Alexander, Inc., a leading commercial printing company, where he provides strategic guidance and oversight.
His extensive career also includes serving as Chief Financial Officer (CFO) for multiple publicly traded companies. Between 2017 and 2019, Mr. Biro was the CFO of Harte-Hanks, Inc., a marketing services enterprise. Before that, from 2014 to 2017, he held the CFO position at Exterran Holdings, Inc., a company engaged in natural gas compression solutions. From 2008 to 2014, he served as the CFO of Consolidated Graphics, Inc., a consolidator of commercial printing firms, where he played an instrumental role in financial planning and corporate growth strategies.
Beyond his work in finance and leadership roles, Mr. Biro has also been a board member at Vision Plastics New Zealand, Ltd., a privately owned plastics processing company, since 2010. His deep understanding of corporate finance, operational efficiency, and strategic decision-making positions him as a key contributor to Perma-Pipe’s growth trajectory.
Mr. Biro holds a Bachelor of Arts degree in Psychology with a minor in Economics from the University of Texas and a Master of Science in Accountancy from the University of Houston. His academic background, combined with his practical experience, underscores his ability to navigate complex business challenges and contribute effectively to corporate governance.
CEO’s Perspective on the Appointment
David Mansfield, President and CEO of Perma-Pipe International Holdings, Inc., emphasized the strategic rationale behind the appointment of Mr. Biro, stating:
“We regularly evaluate our Board composition to ensure it includes the appropriate skill set, experience, and perspectives necessary to drive growth for our stockholders. We also strive to keep the Board refreshed to maintain diversity of thought and contemporary insights consistent with industry best practices. The addition of Mr. Biro as an independent director will bring new and extensive financial expertise to fill the gap created by Ms. Boiter’s announced resignation from the Board earlier this year. We are extremely pleased to have him join our Board.”
The appointment aligns with Perma-Pipe’s ongoing commitment to strengthening its leadership structure to navigate industry complexities and enhance shareholder value.
About Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), commonly referred to as Perma-Pipe, is a globally recognized leader in pre-insulated piping and leak detection systems. The company specializes in solutions for various industries, including oil and gas, district heating and cooling, and industrial applications.
With a presence in six countries and operations spanning fifteen locations worldwide, Perma-Pipe leverages its engineering and manufacturing expertise to develop innovative piping solutions. The company’s mission is to ensure the safe, efficient, and sustainable transportation of liquids across various sectors. By integrating advanced fabrication techniques with cutting-edge technology, Perma-Pipe continues to address industry challenges and reinforce its position as a market leader.
As with all corporate announcements, Perma-Pipe acknowledges that forward-looking statements within this press release are subject to various risks and uncertainties. These statements, which relate to anticipated company performance and strategic objectives, are made in accordance with Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Among the key risk factors that could impact the company’s future performance are:
- Fluctuations in Oil and Gas Prices – The company’s operations are influenced by changes in oil and natural gas prices, affecting customer demand for its products.
- Raw Material Costs and Supplier Relationships – Perma-Pipe’s profitability depends on securing raw materials at competitive prices and maintaining strong relationships with suppliers.
- Government and Private Sector Spending – Reductions in government spending on infrastructure projects or liquidity challenges among private sector clients may affect the company’s revenue streams.
- Debt Repayment and Credit Facility Renewals – The company must manage its financial obligations, including debt repayment and the renewal of international credit facilities.
- Strategic Execution and Cash Flow Management – Successful implementation of business strategies is crucial for sustained profitability and positive cash flow.
- Tax Regulations and Legislative Changes – Evolving tax laws and regulatory changes could have implications on Perma-Pipe’s financial performance.
- Internal Financial Controls – The company must continuously strengthen internal financial controls to ensure compliance and transparency.
- Manufacturing and Quality Control – Maintaining high manufacturing standards and addressing potential defects in materials supplied to the company is critical to its reputation.
- Global Competition – The entrance of new competitors and aggressive pricing strategies in the market may pose challenges to Perma-Pipe’s market share.
- Cybersecurity Risks – Safeguarding IT systems against cyber threats remains a priority for ensuring data integrity and business continuity.
The appointment of Jon C. Biro marks an important milestone for Perma-Pipe International Holdings, Inc., reinforcing its commitment to strengthening leadership and financial oversight. As the company continues to innovate and expand its global footprint, having seasoned professionals like Mr. Biro on the Board enhances its ability to navigate industry dynamics and create long-term value for shareholders.
With a steadfast focus on operational excellence, strategic growth, and governance best practices, Perma-Pipe remains well-positioned to drive sustainable success in the years ahead. Investors and industry stakeholders can look forward to continued advancements and leadership enhancements as the company executes its vision for the future.
