TETRA Technologies, Inc. announced its intention to continue the refreshment of its Board of Directors at the upcoming 2025 Annual Meeting of Shareholders. The company plans to nominate Julie Sloat, former Chair, President, and CEO of American Electric Power Company, Inc., as a new independent director.
In conjunction with this, independent director Mark E. Baldwin has decided not to seek re-election and will retire at the Annual Meeting, having served as an independent director and Chair of the Audit Committee since 2014. This move follows TETRA's proactive refreshment of a majority of its board members over the past five years.
The announcement comes after the Radoff-Torok Group nominated four director candidates, which TETRA views as an attempt to destabilize its diverse and engaged Board. TETRA's leadership emphasized its focus on a well-rounded Board with expertise in capital allocation, corporate governance, and energy transition, which is integral to implementing the company's long-term strategy.
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