Tetra Technologies appoints Katherine Kokenes as chief accounting officer

Tetra Technologies, Inc. (NYSE:TTI), a $782 million market cap company with strong financial health according to InvestingPro analysis, announced that its board of directors appointed Katherine Kokenes as vice president and chief accounting officer, effective immediately as of Monday. Kokenes will also serve as the company’s principal accounting officer. The information is based on a press release statement included in a filing with the Securities and Exchange Commission.

Elijio Serrano, who previously held the principal accounting officer responsibilities, will continue in his roles as senior vice president, chief financial officer, and principal financial officer.

Kokenes, age 53, joins Tetra Technologies after serving in several senior finance positions at Independence Contract Drilling, Inc. from 2013 until her new appointment. The company she’s joining has demonstrated impressive performance, with an 81% return over the past year and maintaining a healthy current ratio of 2.47, indicating strong liquidity management. Most recently, she was vice president and chief accounting officer at Independence Contract Drilling beginning in May 2020. She previously held roles including director of financial reporting and corporate controller. Earlier in her career, from 1996 to 2013, she worked in senior accounting roles at Nabors Industries, Ltd. Kokenes holds a Bachelor of Business Administration in Accounting from the University of Texas at Arlington and is a Certified Public Accountant.

The company’s Human Capital Management and Compensation Committee approved an annual base salary of $330,000 for Kokenes, with a target cash incentive bonus opportunity equal to 60% of her base salary. For the 2025 performance year, she will receive a guaranteed minimum bonus of $75,000. Beginning in 2026, she will be eligible for annual long-term incentive awards with a target grant value of $225,000.

As an inducement for her employment, Kokenes was granted 29,645 restricted stock units under the company’s equity incentive plan. The restricted stock units may be settled in either cash or shares of common stock, at the discretion of the Compensation Committee, and vest over a period contingent upon her continued employment.

Tetra Technologies stated that Kokenes’ employment agreement is similar to those of other company employees and does not guarantee term, salary, or incentives beyond the board’s discretion. The company will also enter into an indemnification agreement with Kokenes, consistent with those provided to other directors and executive officers.

In other recent news, TETRA Technologies reported its Q2 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.09, exceeding the forecasted $0.08, and revenue reached $174 million, slightly above the predicted $173.65 million. These results reflect the company’s strong financial performance for the quarter. Additionally, Stifel has reiterated its Buy rating for TETRA Technologies with a price target of $6.50. The firm highlighted potential growth areas, including strong sales of PureFlow to EOSE expected in 2026-2027 and beyond. During an investor day presentation, TETRA Technologies’ management outlined a 2030 adjusted EBITDA target of $325 million, representing a significant increase from Stifel’s current 2025 estimate. These developments indicate a positive outlook for TETRA Technologies according to analysts.

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