Team, Inc. Appoints New Executive to Spearhead Change
Team, Inc. Enhances Leadership for Transformation Initiatives
Team, Inc. (NYSE: TISI), a premier global provider of specialized industrial services, has announced an important leadership change aimed at accelerating its transformation efforts. Daniel Dolson has been promoted to Executive Vice President, Chief Strategy and Transformation Officer. This new role is part of the company's commitment to reaching specific financial and operational goals set forth by its Board of Directors.
Overview of Transformation Goals
The ambitious transformation plan outlined by Team, Inc. focuses on several crucial areas:
Process Improvement
One of the primary objectives is to enhance critical processes throughout the organization. This change is essential for increasing efficiency and operational effectiveness across various departments.
Cost Savings and Margin Growth
In addition to improving processes, Team, Inc. aims to achieve substantial annual cost savings and enhance profit margins. These efforts are vital for driving overall business performance and ensuring sustainable growth.
Commercial Strategy Enhancement
Another important focus is enhancing the company's commercial strategy. The goal is to execute strategies effectively, which will fuel steady revenue growth on a global scale.
Experienced Leadership at the Helm
Daniel Dolson brings over 25 years of operational and financial experience to this key role. Before joining Team, Inc. in late 2024, Dolson was an Executive Vice President at Dayton Superior Corporation, where he successfully implemented initiatives that improved margins and operating earnings before interest, taxes, depreciation, and amortization (EBITDA). His experience in enhancing profitability at Associated Materials LLC as Vice President – Operations Controller positions him well to lead the transformation at Team, Inc.
Commitment from Leadership
Keith D. Tucker, Team’s Chief Executive Officer, expressed pride in the advancements the company has made in recent years, particularly in improving financial performance and service delivery to customers. Tucker emphasized the company's focus on accelerating performance and capabilities through continuous improvement efforts.
Michael J. Caliel, Executive Chair of the Board, noted the necessity for a dedicated executive to steer the transformation initiative. He remarked on Dolson's exceptional skill set and experience in driving successful transformations, expressing optimism about his contributions to Team's ongoing evolution.
Reporting Structure and Future Outlook
In his new role, Dolson will report directly to Tucker while also providing regular updates to the Board of Directors regarding the progress of the transformation efforts. This structured approach aims to ensure transparency and accountability throughout the ongoing transformation.
About Team, Inc.
Based in Sugar Land, Texas, Team, Inc. (NYSE: TISI) stands as a leader in the specialty industrial services sector. The company offers wide-ranging inspection, condition assessment, maintenance, and repair services that enhance the safety and reliability of clients' critical assets. With a presence in more than 20 countries, Team, Inc. merges innovative technology with a legacy of reliability and integrity in service delivery, positioning itself as a trailblazer for a sustainable and efficient future.
Frequently Asked Questions
Who is Daniel Dolson in relation to Team, Inc.?
Daniel Dolson has been promoted to Executive Vice President, Chief Strategy and Transformation Officer, focusing on accelerating Team, Inc.'s transformation efforts.
What are the key goals of Team, Inc.'s transformation plan?
The main goals include improving critical processes, achieving cost savings, and enhancing the commercial strategy for revenue growth.
What previous experience does Daniel Dolson have?
Dolson has over 25 years of operational and financial experience, including leadership roles at Dayton Superior Corporation and Associated Materials LLC.
How does Team, Inc. plan to monitor transformation efforts?
Daniel Dolson will report to the CEO and provide regular updates to the Board of Directors on the progress of the transformation initiatives.
What services does Team, Inc. provide?
Team, Inc. offers a comprehensive suite of specialized industrial services, including mechanical inspection, heat-treating, and various maintenance services, ensuring operational efficiency and safety for customers.
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