Team, Inc. Announces CFO, Susan Ball, Will Step Down In November 2021

Rhea-AI Summary

Team, Inc. (NYSE: TISI) announced that Susan Ball, Executive Vice President and Chief Financial Officer, plans to resign effective November 12, 2021, for personal reasons. She will assist during the transition and serve as a financial advisor post-resignation. Ball joined Team in December 2018 and was crucial in implementing the OneTEAM program and navigating challenges during the COVID-19 pandemic. Her departure is amicable, with no disagreements regarding company operations or policies. Team has initiated a search for her successor.

Positive

• Susan Ball's resignation is amicable, with no operational disagreements.
• Ms. Ball will assist in the transition process as a financial advisor.

Negative

• The resignation of a key executive could create uncertainty during the transition period.

SUGAR LAND, Texas, Oct. 6, 2021 /PRNewswire/ -- Team, Inc. ("TEAM") (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that Susan Ball, Executive Vice President and Chief Financial Officer, has informed the company of her intention to step down, effective November 12, 2021 for personal reasons. Ms. Ball has committed to continue her current role over the next six weeks and agreed to then serve as a financial advisor and consultant to TEAM to support an orderly transition process, including the search for her replacement.

Ms. Ball joined TEAM in December 2018 as Executive Vice President and Chief Financial Officer. She played an important role as the company scaled up its OneTEAM program and was influential in helping TEAM overcome the many challenges caused by the COVID-19 pandemic. Her resignation is not a result of any disagreements with TEAM or the Board of Directors relating to the operations, policies or practices of TEAM or any issues regarding its accounting policies or practices. TEAM has commenced a formal search for a new Chief Financial Officer, retaining a national executive search firm to support the process.

Amerino Gatti, TEAM's Chairman and Chief Executive Officer, said, "On behalf of the Board of Directors and the executive leadership team, I want to extend our sincerest gratitude to Susan for her many valuable contributions to the company, especially for her efforts during the pandemic.  On a personal note, I would like to thank Susan for her leadership and partnership – and wish her and her family well in the future."

Ms. Ball said, "It has been a pleasure to serve as the Chief Financial Officer of TEAM and I am grateful for the opportunity to work alongside Amerino and as part of his executive leadership team.  I look forward to supporting a smooth transition over the next few months and would like to thank TEAM's employees, clients and stockholders for making my time at the company a great experience."

About Team, Inc.

Headquartered in Sugar Land, Texas, Team Inc. (NYSE: TISI) is a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. We deploy conventional to highly specialized inspection, condition assessment, maintenance and repair services that result in greater safety, reliability and operational efficiency for our client's most critical assets. Through locations in more than 20 countries, we unite the delivery of technological innovation with over a century of progressive, yet proven integrity and reliability management expertise to fuel a better tomorrow. For more information, please visit www.teaminc.com.

Contact:
Kevin Smith
Senior Director, Investor Relations
(281) 388-5551

 

View original content:https://www.prnewswire.com/news-releases/team-inc-announces-cfo-susan-ball-will-step-down-in-november-2021-301393730.html

SOURCE Team, Inc.

FAQ

Who is stepping down at Team, Inc.?

Susan Ball, the Chief Financial Officer, is stepping down.

When will Susan Ball's resignation take effect?

Her resignation will take effect on November 12, 2021.

What role did Susan Ball play at Team, Inc.?

She was instrumental in implementing the OneTEAM program and managing COVID-19 challenges.

Is Susan Ball leaving Team, Inc. due to disagreements?

No, her departure is not due to any disagreements regarding company operations.

What will Susan Ball do after leaving Team, Inc.?

She will serve as a financial advisor to assist in the transition.

What is Team, Inc.'s next step following the resignation of Susan Ball?

Team, Inc. has begun the search for a new Chief Financial Officer.