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Tetra Technologies, Inc. Announces New Chief Financial Officer

Stocks in this article: TTI

THE WOODLANDS, Texas, Aug. 1, 2012 /PRNewswire/ -- TETRA Technologies, Inc. (TETRA or the Company) (NYSE:TTI) today announced the appointment of Elijio V. Serrano to the positions of Senior Vice President and Chief Financial Officer, effective immediately.

Elijio V. Serrano served as chief financial officer of UniversalPegasus International, a global project management, engineering and construction management company, from October 2009 through July 2012. From February 2006 through February 2009, Mr. Serrano served as chief financial officer and executive vice president of Paradigm BV (formerly, Paradigm Geophysical Ltd.), a provider of enterprise software solutions to the oil and gas industry. From October 1999 through February 2006, Mr. Serrano served as chief financial officer of EGL, Inc., a publicly-traded transportation and logistics company. From 1982 through October 1999, Mr. Serrano was employed in various capacities by Schlumberger Ltd., including as vice president and general manager of the western hemisphere operations of Schlumberger's Geco-Prakla seismic division from 1997 to 1999.

Stuart M. Brightman, TETRA's President and Chief Executive Officer, stated, "We are extremely pleased to welcome Elijio as a member of our management team. Elijio brings to TETRA extensive experience serving in CFO positions with both private and public companies. In addition to that breadth of experience in financial roles, Elijio's experience in a general management position with Schlumberger provides him insight into the operating side of the oil and gas services industry that will greatly benefit TETRA as we seek to fully integrate the operations of our recent acquisitions, streamline and optimize our existing assets and businesses, and continue to pursue additional growth in our service areas. We are gratified that Elijio has agreed to take on this challenging role with us, and we are confident in his ability to excel as our Chief Financial Officer."

Mr. Serrano will be succeeding Joseph M. Abell, III, who has notified the Company's Board of Directors of his resignation from the positions of Senior Vice President and Chief Financial Officer, effective July 31, 2012.

Mr. Brightman added, "I am very appreciative of Joe's contributions to TETRA over the past eleven years, during which time he participated in the development and implementation of numerous strategies to grow and transform our businesses. We wish him well in his future endeavors."

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