TETRA Technologies announces CFO transition with planned retirement

THE WOODLANDS, Texas - TETRA Technologies, Inc. (NYSE:TTI), a $1.04 billion market cap energy services company trading near its 52-week high of $7.78, announced Monday that Senior Vice-President and Chief Financial Officer Elijio Serrano will retire effective March 31, 2026, with Matt Sanderson set to succeed him in the role. According to InvestingPro analysis, the company appears undervalued based on its Fair Value calculations.

Sanderson, who currently serves as Executive Vice-President and Chief Commercial Officer, will assume the CFO position upon Serrano’s retirement. Serrano will transition to an advisory role to CEO and President Brady Murphy after stepping down.

The leadership change comes as part of TETRA’s succession planning process. Until the transition takes effect, both executives will continue in their current roles while working toward the company’s strategic objectives.

"The Board and I would like to thank Elijio for his invaluable contributions throughout his years at TETRA," Murphy said in a statement. "He has played a key role in guiding the company through some of the industry’s most challenging times, including the COVID-19 pandemic in 2020."

Sanderson joined TETRA in November 2016 after a 19-year career at SLB. Before his current position, he served as Senior Vice President of Energy Services from 2016 to 2022, where he helped establish the company’s position in water management, flowback, and completion fluids segments.

TETRA Technologies provides energy services and solutions with operations across six continents. The company’s portfolio includes energy services, industrial chemicals, and critical minerals.

The information in this article is based on a press release statement from TETRA Technologies.

In other recent news, Tetra Technologies reported its Q2 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share of $0.09, exceeding the forecasted $0.08, while revenue reached $174 million against the anticipated $173.65 million. Stifel has raised its price target for Tetra Technologies to $9.00 from $6.50, maintaining a Buy rating, following the company’s Investor Day presentation. During the event, Tetra Technologies set ambitious 2030 EBITDA targets of $300-350 million, significantly higher than Stifel’s 2025 forecast of $104 million. Additionally, Tetra Technologies appointed Katherine Kokenes as vice president and chief accounting officer, effective immediately. Elijio Serrano will continue in his roles as senior vice president, chief financial officer, and principal financial officer. Stifel also reiterated its Buy rating with a $6.50 price target, highlighting strong sales expectations for PureFlow from Tetra Technologies to EOSE in the coming years.

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