Team, Inc. Elevates Daniel Dolson to Drive Major Changes

Team, Inc. Promotes Daniel Dolson for Transformation Role

In a significant move to enhance its operational strategy, Team, Inc. (TISI) has appointed Daniel Dolson as its Executive Vice President and Chief Strategy and Transformation Officer. This decision aims to bolster the company's transformation initiatives, targeting specific financial and operational goals established by its Board of Directors.

Goals for the Transformation Plan

The transformation plan introduced by Team, Inc. encompasses several key objectives that aim to optimize and improve various aspects of its operations:

• Streamlining critical processes to ensure efficiency throughout the organization.
• Achieving annual cost savings and enhancing profit margins.
• Focusing on a robust commercial strategy to drive sustainable global revenue growth.

Daniel Dolson's Background and Experience

Mr. Dolson brings over 25 years of valuable experience in operational and financial performance, positioning him well to lead this significant transformation. Before joining Team in late 2024, he served as an Executive Vice President at Dayton Superior Corporation, where he played a pivotal role in enhancing commercial strategies to improve margins and operating EBITDA. He has a strong background, having previously worked as Vice President of Operations Controller at Associated Materials LLC. Mr. Dolson holds a BA in Accounting from Kent State University and started his career as a CPA with Arthur Andersen LLP.

Leadership Comments on the Promotion

Keith D. Tucker, the CEO of Team, expressed pride in the company's progress in recent years, highlighting the improvements in business performance and workforce management. He emphasized the importance of continuous enhancement of capabilities and commitment towards achieving the transformation plan's objectives.

Michael J. Caliel, Executive Chair of the Board, expressed confidence in Dolson’s capabilities, noting his unique skill set which is essential for the transformational program. The Board is eager to support Dolson in executing these pivotal changes within Team, Inc.

Regular Updates on Transformation Progress

Dolson will continue to report directly to CEO Keith Tucker while also providing the Board with regular updates regarding the status of the transformation efforts. This reporting structure is designed to ensure transparency and alignment with the company's overall strategic objectives.

About Team, Inc.

Team, Inc. (TISI), headquartered in Sugar Land, Texas, is a premier provider of specialty industrial services. The company offers a comprehensive range of services that include conventional, specialized, and proprietary mechanical, heat-treating, and inspection services. With a presence in over 20 countries, Team, Inc. is dedicated to enhancing the safety, reliability, and operational efficiency of its clients' critical assets.

For further information about Team, Inc. and the services they provide, visit www.teaminc.com.

Frequently Asked Questions

What is the recent promotion at Team, Inc.?

Daniel Dolson has been promoted to Executive Vice President and Chief Strategy and Transformation Officer to lead the company's transformation efforts.

What are the key goals of Team, Inc.'s transformation plan?

The transformation plan includes improving processes, achieving cost savings, and focusing on commercial strategies for revenue growth.

What is Daniel Dolson's experience?

Mr. Dolson has over 25 years in operations and finance, previously holding leadership roles at Dayton Superior Corporation and Associated Materials LLC.

How will the transformation efforts be managed?

Dolson will report to the CEO while also providing regular updates to the Board on the progress of the transformation initiatives.

Where is Team, Inc. located?

Team, Inc. is headquartered in Sugar Land, Texas, operating globally to deliver specialized industrial services.

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