DIRTT Welcomes Adrian Zarate to the Board of Directors
DIRTT Environmental Solutions (DRTTF), a leader in industrialized construction, has announced the appointment of Adrian Zarate to its Board of Directors, effective July 30, 2025. Zarate, a capital structure analyst at 22NW, LP, will serve as the nominee director for 22NW Fund, LP, DIRTT's largest shareholder.
He replaces Aron English, 22NW's founder, who has served on the board since 2022 when 22NW led a successful proxy contest. Zarate brings experience from Greenhill & Co., LLC and Nuveen, holding a BA in Economics from Columbia University and an MBA from The Wharton School.
DIRTT Environmental Solutions (DRTTF), leader nella costruzione industrializzata, ha annunciato la nomina di Adrian Zarate nel suo Consiglio di Amministrazione, a partire dal 30 luglio 2025. Zarate, analista di struttura del capitale presso 22NW, LP, ricoprir脿 il ruolo di direttore designato per 22NW Fund, LP, il maggiore azionista di DIRTT.
Sostituisce Aron English, fondatore di 22NW, che ha fatto parte del consiglio dal 2022, anno in cui 22NW ha condotto con successo una contestazione per procura. Zarate porta con s茅 un鈥檈sperienza maturata presso Greenhill & Co., LLC e Nuveen, ed 猫 in possesso di una laurea in Economia presso la Columbia University e di un MBA presso la Wharton School.
DIRTT Environmental Solutions (DRTTF), l铆der en construcci贸n industrializada, ha anunciado el nombramiento de Adrian Zarate en su Junta Directiva, efectivo a partir del 30 de julio de 2025. Zarate, analista de estructura de capital en 22NW, LP, actuar谩 como director nominado por 22NW Fund, LP, el mayor accionista de DIRTT.
Sustituye a Aron English, fundador de 22NW, quien ha formado parte de la junta desde 2022, cuando 22NW lider贸 una exitosa disputa por poder. Zarate aporta experiencia de Greenhill & Co., LLC y Nuveen, y posee una licenciatura en Econom铆a de la Universidad de Columbia y un MBA de The Wharton School.
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DIRTT Environmental Solutions (DRTTF), leader dans la construction industrialis茅e, a annonc茅 la nomination de Adrian Zarate au sein de son conseil d'administration, 脿 compter du 30 juillet 2025. Zarate, analyste en structure de capital chez 22NW, LP, exercera en tant que directeur d茅sign茅 pour 22NW Fund, LP, le principal actionnaire de DIRTT.
Il remplace Aron English, fondateur de 22NW, qui si茅geait au conseil depuis 2022, lorsque 22NW a men茅 une contestation par procuration r茅ussie. Zarate apporte une exp茅rience acquise chez Greenhill & Co., LLC et Nuveen, et est titulaire d'un BA en 茅conomie de l'Universit茅 Columbia ainsi que d'un MBA de la Wharton School.
DIRTT Environmental Solutions (DRTTF), ein f眉hrendes Unternehmen im Bereich industrialisierten Bauens, hat die Ernennung von Adrian Zarate in den Vorstand bekannt gegeben, wirksam ab dem 30. Juli 2025. Zarate, Kapitalstruktur-Analyst bei 22NW, LP, wird als designierter Direktor f眉r den 22NW Fund, LP, den gr枚脽ten Aktion盲r von DIRTT, t盲tig sein.
Er ersetzt Aron English, Gr眉nder von 22NW, der seit 2022 im Vorstand war, als 22NW einen erfolgreichen Proxy-Kampf f眉hrte. Zarate bringt Erfahrungen von Greenhill & Co., LLC und Nuveen mit und besitzt einen BA in Wirtschaftswissenschaften von der Columbia University sowie einen MBA von der Wharton School.
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CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (鈥淒IRTT鈥� or the 鈥淐ompany鈥�), a leader in industrialized construction, announced today that Mr. Adrian Zarate has been appointed to the Company鈥檚 Board of Directors (the 鈥淏oard鈥�) effective July 30, 2025. Mr. Zarate will be the nominee director for 22NW Fund, LP (鈥�22NW鈥�), DIRTT鈥檚 largest shareholder, pursuant to the Support and Standstill Agreement among DIRTT, 22NW and WWT Opportunity #1 LLC dated August 2, 2024.
Mr. Aron English, the founder of 22NW and 22NW鈥檚 current nominee on the Board, made the following comment regarding the transition: 鈥淚 have been a member of the Board since 2022 when 22NW led a successful proxy contest to replace DIRTT鈥檚 entire board. Since then it has been my privilege to work with a number of outstanding individuals at DIRTT as the Company has taken a series of important steps to rebuild itself into the leading business in its market. My colleague Adrian Zarate will continue this work as he joins the Board and 22NW looks forward to supporting DIRTT through its promising future.鈥�
Mr. Zarate is a capital structure analyst at 22NW, LP, where he focuses on investments across a range of industry verticals. Mr. Zarate previously worked as an investment banker at Greenhill & Co., LLC and as a credit investor at Nuveen (TIAA-CREF). Mr. Zarate holds a BA in Economics from Columbia University and an MBA in Finance from The Wharton School.
Scott Robinson, Chair of the Board remarked, 鈥淲e thank Aron English for his leadership in DIRTT鈥檚 turnaround and for recognizing the value of DIRTT. We are excited to welcome Adrian Zarate to the Board as we focus on capturing more market share and growing DIRTT.鈥�
Special Note Regarding Forward-Looking Statements
Certain statements contained in this news release that are not historical facts are 鈥渇orward-looking information鈥� and 鈥渇orward-looking statements鈥� (collectively, 鈥淔orward-Looking Information鈥�) as defined under applicable provisions of the United States Private Securities Litigation Reform Act of 1995, and Section聽21E of the Exchange Act and within the meaning of applicable Canadian securities laws. Forward-Looking Information, by its nature, is based on assumptions, and is subject to important risks and uncertainties, including the Company鈥檚 execution of its growth strategy, or that such strategy will be executed as expected. You should not rely on any Forward-Looking Information, which represents our beliefs, assumptions and estimates only as of the dates on which it was made, as predictions of future events. We undertake no obligation to update this Forward-Looking Information, even though circumstances may change in the future, except as required under applicable securities laws. We qualify all of our Forward-Looking Information with these cautionary statements.
About DIRTT Environmental Solutions
DIRTT is a leader in industrialized construction. DIRTT鈥檚 system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the workplace, healthcare, education, and public sector markets, DIRTT鈥檚 system provides total design freedom, and greater certainty in cost, schedule, and outcomes. DIRTT鈥檚 interior construction solutions are designed to be highly flexible and adaptable, enabling organizations to easily reconfigure their spaces as their needs evolve. Headquartered in Calgary, AB Canada, DIRTT trades on the Toronto Stock Exchange under the symbol 鈥淒RT鈥� and on the OTCQX under the symbol 鈥淒RTTF鈥�.
FOR FURTHER INFORMATION PLEASE CONTACT [email protected]
FAQ
Who is Adrian Zarate and when was he appointed to DIRTT's board?
Why is Aron English leaving DIRTT's board of directors?
What is the relationship between 22NW Fund and DIRTT (DRTTF)?
What are Adrian Zarate's qualifications for the DIRTT board position?
