TETRA Technologies, Inc. Announces Executive Changes
May 08, 2019 at 04:46 pm EDT
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As previously announced on February 25, 2019, Stuart M. Brightman informed the Board of Directors of TETRA Technologies, Inc. that he intended to retire from his position as Chief Executive Officer immediately following the Company’s Annual Meeting of Stockholders on May 3, 2019. The Company also announced that Brady M. Murphy, the Company’s President and Chief Operating Officer, had been appointed to the position of Chief Executive Officer, to be effective upon Mr. Brightman’s retirement from such position. The previous announcement also indicated that Mr. Brightman would continue as a non-executive employee of the Company on terms to be agreed upon. Mr. Brightman’s retirement as Chief Executive Officer and Mr. Murphy’s appointment as Chief Executive Officer became effective on May 3, 2019. Mr. Murphy will retain the title of President but will no longer serve as the Company’s Chief Operating Officer.
TETRA Technologies, Inc. is an energy services and solutions company. The Company is focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback, and production well testing services. The Company's segments include Completion Fluids & Products Division and Water & Flowback Services Division. The Completion Fluids & Products Division manufactures and markets clear brine fluids (CBFs), additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. The Water & Flowback Services Division provides a range of water management services that support hydraulic fracturing in unconventional well completions for domestic onshore oil and gas operators. These services include fresh and produced water analysis, treatment and recycling, blending and distribution and others.