THE WOODLANDS, Texas - TETRA Technologies, Inc. (NYSE: TTI), an energy services and solutions company, has announced the appointment of Angela D. John to its Board of Directors, effective Monday. Ms. John's nearly three-decade tenure in the energy sector with BP (NYSE:BP) and Williams, as well as her proficiency in business and strategy leadership, positions her as a valuable addition to the TETRA board.
Ms. John will assume the role of an independent director and participate in the Audit Committee and the Nominating, Governance and Sustainability Committee. Her experience is expected to support TETRA's focus on aqueous chemistry solutions and energy expansion initiatives. Brady M. Murphy, President and CEO of TETRA, expressed enthusiasm for Ms. John's joining during a pivotal time for the company, emphasizing her alignment with the company's strategic direction.
In conjunction with Ms. John's appointment, Gina A. Luna will conclude her term on the Board of Directors at the 2024 annual meeting of stockholders, choosing not to stand for re-election due to other commitments. TETRA's management and Board of Directors expressed gratitude for Ms. Luna's five years of dedicated service.
Angela D. John is recognized for her advisory services in the energy industry, focusing on clean energy business development and commercialization strategies. She has held various leadership roles at BP over 27 years and served as Director of Innovation and Strategy for New Energy Ventures at The Williams Companies (NYSE:WMB), Inc. Additionally, Ms. John has been a board member of Parkland Corporation since August 2021.
TETRA Technologies operates globally, offering energy services, industrial chemicals, and lithium ventures. The company is actively expanding into the low-carbon energy market, leveraging its chemistry expertise and infrastructure to meet sustainable energy demands.
This announcement is based on a press release statement from TETRA Technologies, Inc.
InvestingPro Insights
As TETRA Technologies, Inc. (NYSE: TTI) welcomes Angela D. John to its Board of Directors, the company's financial health and market performance remain key factors for current and potential investors. According to recent data from InvestingPro, TETRA Technologies boasts a strong market capitalization of 590.78 million USD, reflecting investor confidence and the company's market presence.
InvestingPro metrics also highlight the company's profitability, with a notable return on assets of 5.64% for the last twelve months as of Q4 2023. This metric is particularly relevant as it indicates the company's efficiency in converting its investments into profitable returns, aligning with Ms. John's expertise in business development and strategy leadership.
InvestingPro Tips reveal that TETRA Technologies has experienced a high return over the last year, with a one-year price total return of 67.16%. This impressive performance underscores the company's growth trajectory and potential for future gains, especially as it pursues expansion into the low-carbon energy market. Furthermore, analysts predict the company will be profitable this year, a sentiment that resonates with the strategic direction emphasized by TETRA's President and CEO.
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