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Team, Inc. Announces Executive Promotion to Lead and Accelerate Transformation Effort

SUGAR LAND, Texas, July 24, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (鈥淭EAM鈥� or the 鈥淐ompany鈥�), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced the promotion of Daniel Dolson to Executive Vice President, Chief Strategy and Transformation Officer to lead the Company鈥檚 transformation efforts to achieve certain financial and operational targets set by the Board of Directors of the Company.

Some of the more important aspects of the Company鈥檚 transformation plan are to:

• Improve critical processes across the organization.
• Generate annual cost savings and margin improvements.
• Increase focus on commercial strategy and execution to drive consistent revenue growth worldwide.
  

Mr. Dolson has significant operational and financial experience over his 25-plus year career to lead this transformation effort. Prior to joining TEAM in October 2024, he was an Executive Vice President with Dayton Superior Corporation where he successfully led commercial efforts to improve margins and operating EBITDA. Earlier in his career, he led efforts to improve earnings at Associated Materials LLC in his role as Vice President 鈥� Operations Controller. Mr. Dolson received a BA in Accounting from Kent State University and began his career as a CPA with Arthur Andersen LLP.

Keith D. Tucker, TEAM鈥檚 Chief Executive Officer, commented 鈥淚 am proud of TEAM鈥檚 progress over the last few years in improving our business and our financial performance, providing outstanding service to our customers, and growing and retaining our industry-best workforce. As we seek to accelerate business performance, enhance capabilities and drive continuous improvement, our team is committed to achieving the goals of our transformation plan.鈥�

鈥淥ur transformation program requires a dedicated executive exclusively focused on it,鈥� said Michael J. Caliel, TEAM鈥檚 Executive Chair of the Board. 鈥淒an鈥檚 unique skill set and experience in leading successful transformations is well suited for this role and the Board looks forward to his contributions in leading this transformation at TEAM.鈥�

While continuing to report to Mr. Tucker in this new role, Mr. Dolson will also provide regular periodic reports to the Board of Directors of the Company on the progress of the Company鈥檚 transformation efforts.

About Team, Inc.

Headquartered in Sugar Land, Texas, Team, Inc. (NYSE: TISI) is a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services. We deploy conventional to highly specialized inspection, condition assessment, maintenance, and repair services that result in greater safety, reliability, and operational efficiency for our customers most critical assets. Through locations in more than 20 countries, we unite the delivery of technological innovation with over a century of progressive, yet proven integrity and reliability management expertise to fuel a better tomorrow. For more information, please visit www.teaminc.com.

Forward Looking Statements

Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. We have made reasonable efforts to ensure that the information, assumptions, and beliefs upon which this forward-looking information is based are current, reasonable, and complete. However, such forward-looking statements involve estimates, assumptions, judgments, and uncertainties. They include but are not limited to statements regarding the Company鈥檚 financial prospects, the implementation of cost saving measures and the Company鈥檚 ability to realize the anticipated benefits of the Transaction. There are known and unknown factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking information. Although it is not possible to identify all of these factors, they include, among others, the duration and magnitude of accidents, extreme weather, natural disasters, and pandemics and related global economic effects and inflationary pressures; the Company鈥檚 liquidity and ability to obtain additional financing; the Company鈥檚 ability to execute on its cost management actions; the impact of new or changes to existing governmental laws and regulations and their application, including tariffs; the outcome of tax examinations, changes in tax laws, and other tax matters; foreign currency exchange rate and interest rate fluctuations; the Company鈥檚 ability to repay, refinance or restructure its debt and the debt of certain of its subsidiaries; anticipated or expected purchases or sales of assets; and such known factors as are detailed in the Company鈥檚 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time. Accordingly, there can be no assurance that the forward-looking information contained herein, including statements regarding the Company鈥檚 financial prospects and the implementation of cost saving measures, will occur or that objectives will be achieved. We assume no obligation to publicly update or revise any forward-looking statements made today or any other forward-looking statements made by the Company, whether as a result of new information, future events or otherwise, except as may be required by law.

Contact:
Nelson M. Haight
Executive Vice President, Chief Financial Officer
(281) 388-5521