Team Inc. appoints Michael J. Caliel as Executive Chairman, creates Lead Independent Director role

TEAM INC

Michael J. Caliel, previously non-executive Chairman, named Executive Chairman effective Nov 6, 2023, focusing on long-term strategy.
Anthony R. Horton appointed Lead Independent Director and replaces Caliel as chair of Executive Committee and Governance Committee.
CEO Keith Tucker remains, with new compensation: $750k base salary, 100% target bonus, and $2.25M LTI grant (RSU and performance RSU).
Caliel will continue on Executive Committee; Ted Stenger replaces Caliel on Compensation Committee.
No family relationships or related-party transactions reported between Tucker and any director or officer.

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