Team, Inc. Taps Turnaround Pro Roeder as CFO to Drive Next Growth Phase

SUGAR LAND, TX – June 18, 2026 – Team, Inc. (NYSE: TISI) announced a pivotal change in its financial leadership today, appointing Clinton Roeder as its new Executive Vice President and Chief Financial Officer, effective June 22. The move, which sees the retirement of four-year veteran CFO Nelson Haight, is more than a routine executive shuffle; it signals a deliberate strategic pivot for the specialty industrial services giant as it looks to capitalize on a period of hard-won stability and launch into an aggressive new phase of growth.

Roeder, a seasoned executive with a 30-year track record in financial and operational transformations, steps in at a crucial moment. His appointment follows the recent installation of a new CEO, Gary Hill, in February and comes after a strategic investment from Stellex Capital Management designed to deleverage the company and prime it for expansion. This C-suite refresh suggests Team, Inc. is positioning a new set of architects to build upon the foundation laid during what the company calls a “critical period of improvement.”

“We are very pleased to welcome Clinton, who brings a demonstrated track record of strong financial and operational capabilities and leadership across multiple service industries,” said CEO Gary Hill. “Clinton’s prior experience implementing transformations and financial improvement plans across several companies match closely with TEAM’s key current priorities, and I am confident that he will be a valuable partner in accelerating TEAM’s improvement plan.”

A New Financial Architect for a New Era

Clinton Roeder is not a maintainer; his resume reads like a playbook for corporate evolution. His career is marked by leadership roles in companies undergoing significant change across the industrial, energy, and aviation sectors. Most recently, he served as EVP and CFO at PrimeFlight Aviation Services, a global service provider to the air transportation industry. Before that, his tenure as CFO at Nine Energy Services from 2017 to 2020 is particularly noteworthy, as he was instrumental in guiding the oilfield services company through its successful initial public offering in 2018.

This experience in navigating public markets and executing complex financial strategies is precisely what Team, Inc. appears to be seeking. Roeder’s background also includes a CFO role at Total Safety, a global provider of industrial safety solutions, giving him deep familiarity with the core markets TISI serves. His expertise is not just in balancing books but in restructuring operations, driving efficiency, and unlocking capital for growth—skills that are in high demand as industrial service firms grapple with rapid technological and market shifts.

“I am excited to join TEAM at this important stage to help further its growth and financial performance,” said Mr. Roeder in the company’s official announcement. “I believe TEAM is well positioned to take advantage of opportunities in the markets that it serves. I look forward to working with Gary, the leadership team and all of TEAM’s employees to capitalize on these strengths and to further drive efficiency and profitability with the ultimate goal of delivering value for TEAM’s shareholders.”

The 'Critical Period' and the Foundation for Growth

The decision to bring in a transformation-focused CFO comes on the heels of a successful, albeit challenging, stabilization phase under the outgoing Nelson Haight. CEO Gary Hill was specific in his praise, crediting Haight for enhancing the company's “liquidity and financial position during a critical period of improvement.” An examination of the company’s recent performance reveals what this period entailed.

After navigating post-pandemic headwinds, Team, Inc. has shown remarkable financial discipline. Full-year 2025 revenue climbed 5.2% to $896.5 million, while adjusted EBITDA rose nearly 12% to $60.7 million. This momentum continued into 2026, with the first quarter delivering the company’s highest Q1 revenue since 2019, up 8.3% year-over-year. Critically, in March 2025, the company executed a complex refinancing transaction that simplified its capital structure and extended debt maturities, a move that provided essential breathing room. Haight, who will stay on as a Special Advisor to the CEO, appears to have successfully steered the ship through turbulent waters, reducing net debt and shoring up the balance sheet.

This context reframes the leadership change. It is not a course correction born from failure, but rather a handoff in a relay race. Haight’s tenure was about securing the company’s footing; Roeder’s mandate will be to sprint forward from that stable platform.

A Strategic Pivot to Uptime and High-Growth Markets

Team, Inc.’s future strategy hinges on a fundamental shift in its business model: evolving from a cyclical contractor to a non-discretionary, critical uptime partner. This involves moving away from project-based work and toward multi-year service agreements focused on on-stream inspection, hot tapping, and leak repair services that prevent costly downtime for its clients. It’s a strategy aimed at generating more predictable, higher-margin recurring revenue.

To fuel this shift, the company is targeting expansion into high-growth sectors that align with global megatrends, including LNG, AI data centers, and the broader power grid. The immense energy and cooling demands of data centers, coupled with the global build-out of LNG infrastructure, represent massive addressable markets for TISI’s specialized inspection and maintenance services. This is where Roeder’s financial acumen will be tested, as he will be tasked with allocating capital to pursue these opportunities, whether through organic growth, partnerships, or strategic acquisitions.

Furthermore, the company is looking to expand its technological toolkit, enhancing its pipeline integrity services to cater to emerging needs like hydrogen transport. International growth, particularly in the Middle East’s downstream and petrochemical markets, is also a stated priority. Roeder’s appointment provides the experienced financial leadership necessary to execute this multi-pronged, capital-intensive strategy while maintaining the financial discipline established over the past few years.

Navigating a Shifting Industrial Services Landscape

Team, Inc.’s executive transition is reflective of broader dynamics reshaping the entire industrial services sector. The industry, valued at over $40 billion globally, is in the midst of a profound digital transformation. Competitors are no longer just other service crews but technology firms offering predictive maintenance powered by IoT sensors and AI analytics. The push for sustainability is also creating new service lines centered on energy efficiency and emissions reduction.

In this environment, the role of the CFO has expanded. Financial leaders must now be fluent in technology, adept at evaluating investments in digital platforms, and capable of structuring new business models like Energy-as-a-Service (EaaS). Team, Inc.’s strategic focus on technology-enabled uptime services and expansion into the power sector shows it is acutely aware of these trends. By hiring Clinton Roeder, a leader with a history of driving growth in dynamic, service-based industries, the company is making a clear statement about its intent to not just participate in this new landscape, but to lead it.