Team, Inc. (NYSE: TISI) has named Gary Hill as its new chief executive officer, effective February 1, 2026. Hill brings more than 30 years of experience in the industrial services sector, having served as COO of Shermco Industries, president and COO of AIS Holdings, and senior executive roles at AZZ Inc. He succeeds Keith Tucker, who will retire after more than two decades of service to the company.
The transition follows a comprehensive capital‑structure overhaul that began in March 2025 with a refinancing that extended debt maturities and lowered interest costs. In September 2024 the company amended its asset‑backed loan facility, and a recent strategic investment from Stellex has positioned Team, Inc. for future growth. These moves have strengthened liquidity and provided the financial flexibility needed to pursue margin expansion.
Team, Inc. has been executing an operational turnaround that focuses on cost discipline and higher‑margin work. Management has set a target of 10 %+ adjusted EBITDA margin for 2026, a goal that aligns with Hill’s track record of improving profitability in similar businesses. The company’s recent results show a steady improvement in operating leverage, driven by disciplined spending and a shift toward higher‑margin service lines.
"Keith Tucker has led Team, Inc. through a critical period of transformation," said Chairman Michael J. Caliel. "Gary Hill’s proven operational expertise and deep industry knowledge will build on that foundation and accelerate our growth and margin goals." Hill added, "I am excited to join Team, Inc. at a pivotal stage and look forward to working with the team to deliver industry‑leading margins and sustainable growth."
The market reaction to the leadership change was muted, with analysts noting that the transition was largely anticipated and that investors are focused on the company’s execution of its turnaround plan rather than the announcement itself.
The appointment of Hill signals confidence that Team, Inc. will continue to pursue its strategic focus on higher‑margin work and integrated service delivery. With his experience in operational excellence, Hill is expected to accelerate the company’s margin expansion and support the next phase of growth, reinforcing the board’s commitment to a disciplined, growth‑oriented strategy.
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