Tetra Tech Appoints Prashant Gandhi as New Board Member

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) announced the appointment of Prashant Gandhi to its Board of Directors, effective May 1, 2022. Mr. Gandhi brings over 20 years of expertise in digital systems and data analytics, previously serving in senior roles at McKinsey & Company and JP Morgan Chase. He will contribute to the Nominating and Corporate Governance, and Compensation Committees. Tetra Tech's CEO, Dan Batrack, emphasized Mr. Gandhi's relevant experience in digital transformation, aligning with the company's strategic focus on enhancing Tetra Tech Delta technologies.

Positive

• Appointment of Prashant Gandhi expected to enhance digital transformation initiatives.
• Mr. Gandhi's extensive experience in data analytics and digital systems could lead to improved operational efficiencies.

Negative

• Concerns about continuity in strategic direction due to a recent management change.

PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, today announced that the Board of Directors has appointed Prashant Gandhi as its newest Board Member. Mr. Gandhi joins the Board effective May 1, 2022, and will serve on the Nominating and Corporate Governance, and Compensation Committees.

Mr. Gandhi brings to Tetra Tech’s Board more than 20 years of experience in the development of digital systems utilizing advanced data analytics. From 2000 to 2016, as a Partner and then Chief Operating Officer of the Digital Practice at McKinsey & Company, Mr. Gandhi led the data and technology-enabled transformation for Fortune 100 companies across multiple market sectors. He also designed and led the formation of the McKinsey Digital Practice, helping integrate Digital Labs with McKinsey’s global offerings.

From 2017 to 2021, Mr. Gandhi served as Managing Director at JP Morgan Chase, overseeing digital systems and was responsible for the front-to-back management of all money movement products used by over 40 million Chase retail and small business customers. He is currently the Chief Business Officer for Melio Payments, a leading B2B payments platform for small businesses.

Tetra Tech Chairman and CEO, Dan Batrack said, “Tetra Tech is pleased to welcome Mr. Gandhi to our Board. Mr. Gandhi brings extraordinary experience in digital transformation and leveraging emerging technologies. His experience is highly relevant to our strategic focus on expanding the application of Tetra Tech Delta technologies.”

As a Member of the Advisory Board of Early Warning Services, Mr. Gandhi helped lead the launch of Zelle, a once-in-a-generation digital innovation in financial services. In 2021, nearly half a trillion dollars were sent by customers and small businesses on Zelle. He is currently a member of the Advisory Board at University of Minnesota’s School of Information & Decision Sciences—a top five global program in the field of decision sciences.

Mr. Gandhi received his MBA in Finance and Entrepreneurship at the University of Chicago’s Booth School of Business. His technical degrees are in Chemical Engineering, with a bachelor’s degree from the Indian Institute of Technology Delhi, and a Master of Science degree from Kansas State University.

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science^® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220221005471/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

Who is the new Board Member of Tetra Tech, and what is his background?

Prashant Gandhi is the new Board Member of Tetra Tech, effective May 1, 2022. He has over 20 years of experience in digital systems and data analytics, having previously worked at McKinsey & Company and JP Morgan Chase.

What committees will Prashant Gandhi serve on at Tetra Tech?

Prashant Gandhi will serve on the Nominating and Corporate Governance, and Compensation Committees at Tetra Tech.

How might Prashant Gandhi's appointment impact Tetra Tech?

His extensive experience in digital transformation could enhance Tetra Tech's strategic initiatives, particularly in leveraging emerging technologies.

What is Tetra Tech's focus in relation to technology?

Tetra Tech is focused on expanding the application of its Tetra Tech Delta technologies, which emphasizes digital transformation and data analytics.