Tetra Technologies CFO Retirement & Successor Announced

By Greg Peters • Monday, October 27 15:33 • Permanent Link

Tetra Technologies, Inc. has announced a significant change in its leadership with the retirement of its Senior Vice-President and Chief Financial Officer, Elijo Serrano, effective March 31, 2026. This transition is part of Tetra’s succession planning process, with Matt Sanderson set to take over as the new Executive Vice-President and CFO upon Serrano’s retirement.

Matt Sanderson, who currently serves as the Executive Vice-President and Chief Commercial Officer, joined Tetra in November 2016. Prior to joining Tetra, Sanderson had a successful 19-year career at SLB. His contributions to Tetra include playing a vital role in establishing the company's leadership in the water management and flowback and completion fluids and products segments. Additionally, he has significantly contributed to the company's improved financial performance over the past three years as well as to the one Tetra 2030 strategy and the development of enabling fluid chemistry technology.

Tetra Technologies, Inc. expressed its appreciation for Serrano’s significant contributions during his time with the company, highlighting his role in guiding the company through challenging times, including the COVID-19 pandemic in 2020. Serrano also played a key role in shaping Tetra’s transformational one Tetra 2030 strategy, which the company recently presented at its investor day at the NYSE in New York City.

Following Serrano’s retirement, he will be retained as an advisor to Brady Murphy, CEO and President of Tetra. Murphy expressed his pleasure in announcing Sanderson’s assumption of the CFO role and his expectation for a smooth transition, as Sanderson will continue to oversee some of his current responsibilities in his role as Chief Commercial Officer.

As Tetra prepares for this leadership transition, investors and industry observers will be keen to see how these changes may impact the company's financial and strategic direction going forward. As a result of these announcements, the company's shares have moved -1.88% on the market, and are now trading at a price of $7.84. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.