TEAM, INC. NAMES NELSON M. HAIGHT AS CHIEF FINANCIAL OFFICER
Seasoned financial executive joins to help support TEAM's strategic and financial repositioning
Mr. Haight brings over 30 years of experience in finance and operations in downstream, midstream and upstream services. Most recently, from
"We are very pleased to welcome Nelson, who brings valuable experience in finance, treasury and operational planning to TEAM," said
"We are also grateful to Matt for his contributions to TEAM over the past seven months, including his important leadership during a critical period for the Company," concluded Tucker.
"I am excited to join TEAM at this important stage of its strategic and financial repositioning," said Mr. Haight. "TEAM has a proud history and employees recognized across the industry for safely delivering outstanding customer service. I look forward to working with Keith and the leadership team to further capitalize on those strengths and to implement the steps necessary to improve efficiency and profitability, and deliver consistent, positive cash flow."
Headquartered in
Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. We have made reasonable efforts to ensure that the information, assumptions, and beliefs upon which this forward-looking information is based are current, reasonable, and complete. However, such forward-looking statements involve estimates, assumptions, judgments, and uncertainties. May factors could cause actual results or outcomes to differ materially from those addressed in the forward-looking information. Although it is not possible to identify all of these factors, they include, among others, the Company's ability to hire a new chief executive officer in the near future, if necessary; the duration and magnitude of accidents, extreme weather, natural disasters, and pandemics (such as COVID-19) and related economic effects, the Company's liquidity and ability to obtain additional financing, the Company's ability to execute on its cost management actions, the impact of new or changes to existing governmental laws and regulations and their application, including tariffs and COVID-19 vaccination requirements; the outcome of tax examinations, changes in tax laws, and other tax matters; foreign currency exchange rate and interest rate fluctuations; the Company's ability to successfully divest assets on terms that are favorable to the Company; our ability to repay, refinance or restructure our debt and the debt of certain of our subsidiaries; anticipated or expected purchases or sales of assets; and such known factors as are detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time. Accordingly, there can be no assurance that the forward-looking information contained herein, including statement regarding the Company's financial prospects and the implementation of cost saving measures, will occur or that objectives will be achieved. We assume no obligation to publicly update or revise any forward-looking statements made today or any other forward-looking statements made by the Company, whether as a result of new information, future events or otherwise, except as may be required by law.
Contact:
Vice President, Corporate Development & Investor Relations
(281) 388-5551
View original content:https://www.prnewswire.com/news-releases/team-inc-names-nelson-m-haight-as-chief-financial-officer-301566148.html
SOURCE Team, Inc. (TISI)