MultiSensor AI appoints Shuaib Hanief as new VP of Engineering

HOUSTON - MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) announced Tuesday the appointment of Shuaib Hanief as its new Vice President of Engineering. According to InvestingPro data, the company, currently valued at $25 million, maintains a strong liquidity position with more cash than debt on its balance sheet.

In his new role, Hanief will lead the company’s engineering organization, including research and development efforts, according to a press release from the predictive maintenance technology company. The appointment comes as the company aims to improve its financial performance, with InvestingPro analysis showing analysts expect sales growth and a return to profitability this year, despite current challenges.

Hanief brings over 20 years of experience in building and scaling engineering organizations. He previously served as a Partner at Solmation LLC since 2009, where he worked as a fractional Chief Technology Officer across various industries including telecom, healthcare, and retail.

His entrepreneurial background includes co-founding Fee Favor, an online marketplace for title abstractors, and launching SaaS platforms Patron Engage and Practice Revive.

"With a proven track record in building high-performing teams, Shuaib’s leadership will be instrumental in maturing our engineering function, accelerating innovation, and driving scalable growth," said Asim Akram, Chief Executive Officer of MultiSensor AI.

Hanief will oversee platform architecture, infrastructure, security, and quality assurance. His responsibilities will include advancing AI capabilities within the company’s platform and expanding the engineering team.

Hanief holds a Bachelor of Science and Master of Science in Electrical and Computer Engineering from The University of Alabama in Huntsville, and a Master of Public Administration from Georgia State University.

MultiSensor AI develops multi-sensing platforms that incorporate edge and cloud software solutions using artificial intelligence for condition-based monitoring and predictive maintenance applications. While the company’s stock has experienced significant volatility, trading 77% below its 52-week high, InvestingPro analysis suggests the company is currently undervalued, with 10+ additional exclusive insights available to subscribers.

In other recent news, MultiSensor AI Holdings, Inc. has announced a major upgrade to its asset health monitoring platform, MSAI Connect 2.0. The enhanced version includes improved AI features such as camera disturbance detection and refined person and motion detection, aimed at reducing false-positive alerts. Additionally, the company recently held its 2025 Annual Meeting of Stockholders, where key proposals were approved, and several directors were elected. Notably, Stuart V Flavin III received the highest number of votes among the elected directors. Furthermore, MultiSensor AI has appointed Mr. Akram as the new Chief Executive Officer and President, effective June 23, 2025. Mr. Akram brings extensive experience from his previous roles at Accenture, KPMG, and Honeywell, and has a proven track record in revenue growth and operational discipline. His appointment is aligned with the company’s strategic growth objectives.

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