Industrial services company Team Inc.’s board of directors appointed Michael J. Caliel as the company’s executive chairman, the company announced in a Nov. 7 press release.
Caliel served as Team’s non-executive chairman since March 2022. In the newly created position as executive chairman, Caliel will focus on the company’s long-term corporate strategy, growth opportunities, profit improvement, enhancing enterprise and advising the management team.
Caliel holds over four decades of experience in the industrial, energy and infrastructure industries, including serving as non-executive director at construction company Orion Group Holdings. The National Association of Corporate Directors designated Caliel as NACD directorship certified and previously as a governance fellow, the release added.
According to Team, Keith Tucker will continue to serve as CEO.
“Team has implemented a series of initiatives that have reduced costs, increased margins and successfully refinanced our long-term debt,” Tucker said. “We are excited about the future and we are fortunate to have the benefit of Mike’s expertise in the industrial services sector as we continue to enhance and execute our long-term commercial and strategic vision for the company.”
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