ReGen III Hires Global Base Oils Industry Consultant, Kirk McNamara, to Drive Strategic Partnerships and M&A Opportunities
ReGen III Corp (OTCQB: ISRJF) has appointed Kirk McNamara as a consultant, bringing over 15 years of base oils and chemicals industry expertise. McNamara, former Director of Base Oils at Motiva Enterprises, led a multi-billion-dollar base oil business achieving significant EBITDA growth.
McNamara's notable achievements include playing a key role in Aramco's $2.7 billion Valvoline acquisition and raising over $180 million in capital for strategic initiatives. At Motiva, he chaired the Base Oils Sustainability Committee and led global initiatives with S-Oil and Luberef as part of Aramco's Base Oils Alliance.
In his new role, McNamara will focus on driving strategic partnerships, market expansion, and sustainability efforts. As part of his consulting agreement, he has been granted 2 million stock options at CAD $0.25 per option, valid for five years, with performance and time-based vesting milestones.
ReGen III Corp (OTCQB: ISRJF) ha nominato Kirk McNamara come consulente, portando con sé oltre 15 anni di esperienza nel settore degli oli di base e dei prodotti chimici. McNamara, ex Direttore degli Oli di Base presso Motiva Enterprises, ha guidato un'attività multimiliardaria di oli di base ottenendo una significativa crescita dell'EBITDA.
Tra i risultati notevoli di McNamara c'è il suo ruolo chiave nell'
Nel suo nuovo ruolo, McNamara si concentrerà sullo sviluppo di partnership strategiche, sull'espansione del mercato e sugli sforzi di sostenibilità. Come parte del suo accordo di consulenza, gli sono state concesse 2 milioni di opzioni su azioni a CAD $0,25 per opzione, valide per cinque anni, con traguardi di vesting basati su performance e tempo.
ReGen III Corp (OTCQB: ISRJF) ha nombrado a Kirk McNamara como consultor, aportando más de 15 años de experiencia en la industria de aceites básicos y productos químicos. McNamara, ex Director de Aceites Básicos en Motiva Enterprises, lideró un negocio multimillonario de aceites básicos logrando un crecimiento significativo en EBITDA.
Entre los logros notables de McNamara se incluye su papel clave en la adquisición de Valvoline por parte de Aramco por 2.7 mil millones de dólares y la recaudación de más de 180 millones de dólares en capital para iniciativas estratégicas. En Motiva, presidió el Comité de Sostenibilidad de Aceites Básicos y lideró iniciativas globales con S-Oil y Luberef como parte de la Alianza de Aceites Básicos de Aramco.
En su nuevo rol, McNamara se enfocará en impulsar asociaciones estratégicas, la expansión del mercado y los esfuerzos de sostenibilidad. Como parte de su acuerdo de consultoría, se le han otorgado 2 millones de opciones sobre acciones a CAD $0.25 por opción, válidas por cinco años, con hitos de adquisición basados en desempeño y tiempo.
ReGen III Corp (OTCQB: ISRJF)는 Kirk McNamara를 컨설턴트로 임명하며, 기본 오일 및 화학 산업에서 15년 이상의 전문 지식을 가져옵니다. McNamara는 Motiva Enterprises의 전 기본 오일 이사로서 수십억 달러 규모의 기본 오일 비즈니스를 이끌며 상당한 EBITDA 성장을 달성했습니다.
McNamara의 주목할 만한 성과로는 Aramco의 27억 달러 Valvoline 인수에서 핵심 역할을 했으며, 전략적 이니셔티브를 위해 1억 8천만 달러 이상의 자본을 조달한 것이 포함됩니다. Motiva에서 그는 기본 오일 지속 가능성 위원회를 주재하며, Aramco의 기본 오일 동맹의 일환으로 S-Oil 및 Luberef와의 글로벌 이니셔티브를 이끌었습니다.
새로운 역할에서 McNamara는 전략적 파트너십, 시장 확장 및 지속 가능성 노력을 추진하는 데 집중할 것입니다. 그의 컨설팅 계약의 일환으로, 그는 200만 주식 옵션을 CAD $0.25에 부여받았으며, 이는 5년간 유효하고 성과 및 시간 기반의 베스팅 이정표가 있습니다.
ReGen III Corp (OTCQB: ISRJF) a nommé Kirk McNamara en tant que consultant, apportant plus de 15 ans d'expertise dans l'industrie des huiles de base et des produits chimiques. McNamara, ancien Directeur des Huiles de Base chez Motiva Enterprises, a dirigé une entreprise d'huiles de base de plusieurs milliards de dollars, réalisant une croissance significative de l'EBITDA.
Les réalisations notables de McNamara incluent un rôle clé dans l'acquisition de Valvoline par Aramco pour 2,7 milliards de dollars et la levée de plus de 180 millions de dollars de capital pour des initiatives stratégiques. Chez Motiva, il a présidé le Comité de Durabilité des Huiles de Base et a dirigé des initiatives mondiales avec S-Oil et Luberef dans le cadre de l'Alliance des Huiles de Base d'Aramco.
Dans son nouveau rôle, McNamara se concentrera sur le développement de partenariats stratégiques, l'expansion du marché et les efforts de durabilité. Dans le cadre de son accord de consultation, il a reçu 2 millions d'options d'achat d'actions à 0,25 CAD par option, valables pendant cinq ans, avec des jalons de vesting basés sur la performance et le temps.
ReGen III Corp (OTCQB: ISRJF) hat Kirk McNamara als Berater ernannt und bringt über 15 Jahre Erfahrung in der Basisöl- und Chemiebranche mit. McNamara, ehemaliger Direktor für Basisöle bei Motiva Enterprises, leitete ein multimilliardenschweres Basisölgeschäft und erzielte ein signifikantes EBITDA-Wachstum.
Zu McNamaras bemerkenswerten Leistungen gehört eine Schlüsselrolle bei der 2,7 Milliarden Dollar schweren Übernahme von Valvoline durch Aramco sowie die Beschaffung von über 180 Millionen Dollar an Kapital für strategische Initiativen. Bei Motiva leitete er den Ausschuss für Nachhaltigkeit von Basisölen und führte globale Initiativen mit S-Oil und Luberef im Rahmen der Basisölallianz von Aramco.
In seiner neuen Rolle wird McNamara sich auf den Aufbau strategischer Partnerschaften, die Markterweiterung und Nachhaltigkeitsbemühungen konzentrieren. Im Rahmen seines Beratungsvertrags erhielt er 2 Millionen Aktienoptionen zu einem Preis von CAD $0,25 pro Option, die fünf Jahre lang gültig sind, mit leistungs- und zeitbasierten Vesting-Meilensteinen.
- Appointment of industry veteran with proven track record in multi-billion dollar base oil operations
- Demonstrated expertise in M&A execution, including $2.7B Valvoline acquisition
- Strong capital raising history, securing over $180M for strategic initiatives
- Extensive experience in sustainability and strategic partnerships
- Significant stock option grant (2M shares) could lead to potential dilution
- Consultant role rather than full-time executive position may indicate commitment
Kirk McNamara joins ReGen III as a consultant, bringing over 15 years of experience in the base oils and chemicals industry.
In his role at ReGen III, Kirk will drive strategic partnerships, market expansion, and sustainability efforts.
Formerly Director of Base Oils at Motiva Enterprises, where he led a multi-billion-dollar base oil business that achieved double-digit EBITDA growth.
Played critical role in Aramco's
$2.7 billion acquisition of Valvoline, identifying synergies and negotiating post-acquisition deals.Instrumental in raising over
$180 million in capital to support strategic business initiatives and projects.
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2025) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil into high-value Group III base oils, is excited to announce the hiring of Kirk McNamara as a consultant, effective immediately.
Proven Leader in Business Transformation, Commercial Strategy & M&A Execution
Kirk brings over 15 years of extensive experience in the base oils and chemicals industry, having most recently served as the Director of Base Oils at Motiva Enterprises. During his tenure, he served as the P&L owner at the second-largest base oils plant in the world (Source: Lubes'N'Greases) where, under his leadership, the business unit achieved significant EBITDA growth. A key leader of Aramco's Base Oils Alliance, Kirk steered global initiatives with co-partners S-Oil and Luberef, driving significant growth initiatives, efficiency practices, and innovative strategies within the business. Kirk also founded and chaired Motiva's Base Oils Sustainability Committee, championing decarbonization efforts across the value chain to satisfy customer needs while addressing societal and regulatory trends.
Kirk played a critical role during Aramco's
Kirk's commercial expertise extends to building strong customer relationships and partnerships and is complemented by his past tenures at UOP Honeywell and ExxonMobil where he honed various skills in new product development and commercialization, corporate planning, and process engineering and design. Notably, Kirk has valuable technology licensing experiences both on the buy-side, leading complex negotiations with licensors, and the sell-side, as a team member doubling market share. These experiences demonstrate Kirk's commitment in bringing long-term success to the business while simultaneously fostering collaborative and broad relationships throughout the industry.
In his consulting and advisory role at ReGen III, Kirk will focus on driving strategic partnerships, market expansion, and promoting the Company's sustainability efforts. Kirk's extensive experience in strategic planning and M&A will be invaluable as the Company seeks to capitalize on new growth opportunities.
Management Commentary
"We are thrilled to welcome Kirk as a consultant to our team," said Tony Weatherill, CEO & President of ReGen III. "Kirk's exceptional leadership and proven track record in driving commercial success, sustainability initiatives, and M&A will be invaluable as we expand our footprint in the clean technology sector."
Kirk expressed his enthusiasm for joining ReGen III, stating, "I am excited to collaborate with the talented team at ReGen III and contribute to the Company's growth and sustainability initiatives. Together with our partners, we can drive impactful change in the industry."
Kirk holds an MBA from the Kellogg School of Management, a Master of Science in Chemical Engineering from the University of Illinois and a Bachelor of Science in Chemical Engineering and Chemistry from University of Wisconsin. He is based in Houston, Texas.
Options
The Company also announces that, as part of Kirk's consulting agreement, it has granted him 2 million stock options. The options are exercisable at CAD
About ReGen III
ReGen III is a cleantech company commercializing its patented ReGen™ technology to upcycle UMO into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by
In 2022, ReGen III completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems and Duke Technologies.
Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil.
For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and newsletter subscription: https://www.regeniii.com/newsletter-subscription/
For further information, please contact:
Investor & Media inquiries:
Email: investors@regeniii.com
Corporate Inquiries:
Kimberly Hedlin
Vice President, Corporate Finance
Tel: (403) 921-9012
Email: info@regeniii.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website, www.ReGenIII.com. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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