Team Inc (NYSE:TISI) reported a leadership change in its finance function that coincided with a modest decline in its stock price in after-hours trading. Shares fell 2.5% following the company's disclosure that Clinton Roeder will assume the role of Executive Vice President and Chief Financial Officer effective June 22, 2026.
Roeder will succeed Nelson Haight, who is retiring after more than four years as Team Inc's CFO. The company said Haight will remain with the business for a short handover period, serving as a Special Advisor to the CEO to support the transition.
According to the announcement, Roeder brings more than three decades of financial and operational experience spanning the industrial, energy and aviation sectors. Most recently, he held the positions of Executive Vice President and Chief Financial Officer at PrimeFlight Aviation Services from 2020 to 2026. In addition, Roeder took on responsibility as President for part of PrimeFlights international operations beginning in 2022.
Earlier in his career, Roeder served as Chief Financial Officer of Nine Energy Services, Inc. from 2017 to 2020, a period that included taking that oilfield services company public in 2018. Prior to that, he was the CFO of Total Safety, a provider of industrial safety services, from 2013 to 2017.
CEO Gary Hill commented on the change, noting that Haights leadership helped improve the company's liquidity and overall financial position during a critical period. Hill also said Roeder's track record in implementing transformations and financial improvement programs aligns with Team Inc's current priorities.
Team Inc provides specialty industrial services, offering inspection, heat-treating and mechanical services to a global customer base. The company did not disclose any additional changes to its broader executive team or financial strategy in the announcement.
The company share movement in after-hours trading followed the personnel update and reflects investor response to the change in the finance leadership team. The transition timeline specifies Roeders start date as June 22, 2026, and describes Haights continued involvement as temporary and focused on facilitating the handover.
Additional operational or financial details related to the transition, beyond the roles and dates provided, were not included in the statement.