- Push-out Score determined
- After about four years in the position
- Praise and thanks for Gatti
- Keith Tucker taking over temporarily
- Gatti said 80 words
(exechange) — Sugar Land, Texas, March 17, 2022 — Amerino Gatti, chief executive of Team, leaves. As announced by Team Inc. in a news release on Thursday, March 17, 2022, Amerino Gatti leaves his post as chief executive officer at the provider of integrated, digitally-enabled asset performance assurance and optimization solutions, after about four years in the role, effective March 21, 2022.
Amerino Gatti’s duties as CEO will be taken over temporarily by Keith Tucker, currently President of the Inspection and Heat Treating group at Team Inc., as Interim Chief Executive Officer.
Simultaneous with Keith Tucker’s appointment, the Board also appointed Michael Caliel as non-executive Chairman of the Board.
“Refocus and grow our business”
Team did not give an explicit reason for Amerino Gatti’s departure from the CEO post. Michael Caliel said: “I’m excited to take on the chairman role at this pivotal moment for Team. While there is real work in front of us to refocus and grow our business, I can see the clear potential in the Team organization and most importantly in its talented and dedicated people. I welcome the opportunity to work with the Board and management to help unlock Team’s full potential.”
Precise information regarding Amerino Gatti’s future plans was not immediately available.
Team said: “Team, Inc.’s … Board of Directors … today announced a leadership transition, effective March 21, 2022, including the departure of Amerino Gatti from his positions as Chairman and Chief Executive Officer. In connection with the leadership transition, the Board of Directors has appointed Keith Tucker, currently the President of Team’s Inspection and Heat Treating group, to the role of Interim Chief Executive Officer effective the same date. Simultaneous with Keith Tucker’s appointment, the Board also appointed Michael Caliel as non-executive Chairman of the Board. Mr. Caliel joined the Board in February 2022. Mr. Gatti will remain available as an advisor during the transition.”
Share price decline since January 2018
The announcement follows a decline in Team Inc.’s share price of 92% since January 2018.
In the position of CEO since 2018
Amerino Gatti became CEO of the Company in 2018.
Gatti was appointed as Chairman of the Board in February 2020 and has been the Company’s CEO and a member of the Board since January 2018.
Prior to joining Team, Gatti served from May 2016 until October 2017 as Production Group President at Schlumberger (NYSE).
Prior to assuming the Production Group President role, Gatti served in a variety of management positions of progressing leadership responsibility at Schlumberger, including President–Well Services; Vice President Production Group–North America; Vice President & General Manager–Qatar GeoMarket; Vice President Sand Management Services; and Vice President Marketing and Sales–North America. Gatti holds a mechanical engineering degree from the University of Alberta, Canada.
Gatti serves on the board of Helix Energy Solutions Group, Inc. (NYSE).
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Amerino Gatti’s move on a scale of 0 to 10.
exechange reached out to Team and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 12.2022 ($).