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Team Inc. (TISI) has provided an announcement.
Pamela J. McGinnis has been appointed as a Class II director on the Board of Team, Inc., effective April 3, 2024, with her term expiring at the annual shareholders’ meeting the same year, where she will stand for re-election. The board has expanded from six to seven directors to accommodate her appointment, and she will also serve on the Compensation Committee. As part of her compensation, she will receive an annual cash retainer of $172,500, and the company has entered into an indemnification agreement to protect her against liabilities related to her board duties. McGinnis brings extensive experience, having held significant roles at Phillips 66, including Corporate Vice President of Global Sales and Marketing. Additionally, Team, Inc. has enhanced the severance benefits for their Executive Vice President and CFO, Nelson M. Haight, aligning them with other senior management policies.
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