Team, Inc. Announces Changes to Its Board of Directors

Core Insights - Team, Inc. has announced changes to its Board of Directors, appointing Niclas Ytterdahl and Mike Stewart, who bring extensive experience in business growth and performance improvement [1][5] - Jeff Davis will step down from the Board at the end of 2025, while Michael Caliel returns as Chairman after serving as Executive Chairman since November 2023 [1][5] Board Changes - Niclas Ytterdahl has a background as Executive Chairman and COO of Industrial Service Solutions and has held senior roles at Dover Corporation and AES Corporation [1] - Mike Stewart is a founder and Managing Partner of Stellex and has prior experience at The Carlyle Group and Houlihan Lokey [2] - Following the changes, the Board will consist of nine members, reducing to eight after Davis's departure [5] Company Overview - Team, Inc. is a global provider of specialty industrial services, offering a full suite of mechanical, heat-treating, and inspection services [3] - The company operates in over 13 countries, focusing on safety, reliability, and operational efficiency for critical assets [3]