THE WOODLANDS, Texas,
Jan. 7, 2021 /PRNewswire/
-- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:
TTI) announced today that Paul D.
Coombs has informed the Board of Directors of his intent to
retire from TETRA's board following completion of the 2021 Annual
Meeting of TETRA Stockholders. The Board of Directors expressed its
congratulations to Mr. Coombs for his career, and gratitude for his
contributions to the success of TETRA. In connection with Mr.
Coombs' retirement, the board expects to reduce its size from eight
to seven members as a cost reduction measure appropriate in the
current environment.
Mr. Coombs joined TETRA in 1982 and held several positions of
increasing responsibility during his tenure, including Executive
Vice President of Strategic Initiatives, Chief Operating Officer,
and Senior Vice President of Oil and Gas. His intimate knowledge of
the Company's operations, combined with his industry relationships,
were instrumental in the growth and success of TETRA from its
earliest beginnings. He was appointed to the TETRA Board of
Directors in 1994. Mr. Coombs retired as an executive officer
in 2007 and has continued to serve TETRA as an active and engaged
board member.
"The TETRA board and I deeply appreciate Paul's long record of
accomplishments, and we thank him for the commitment, leadership,
and many contributions over his 39 years with TETRA," said Chairman
of the Board William D. Sullivan. "As an executive officer
Paul led and shaped many important initiatives at TETRA, and as a
board member he provided valuable insight from operational,
strategic, and customer relationship perspectives. We wish him the
best in his retirement."
"I would like to thank TETRA and its employees for their hard
work and dedication," Mr. Coombs said. "I appreciate the many close
friendships that have developed during my time at TETRA."
Company Overview
TETRA Technologies, Inc., is a geographically diversified oil
and gas services company, focused on completion fluids and
associated products and services, water management, frac flowback,
production well testing, and compression services and equipment.
TETRA owns an equity interest, including all of the general partner
interest, in CSI Compressco LP (NASDAQ: CCLP), a master limited
partnership. The capital structures, including long-term debts, of
TETRA and CSI Compressco LP are distinct and separate with no
cross-default provisions, no cross-collateralization provisions,
and no cross-guarantees.
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SOURCE TETRA Technologies, Inc.