Kelso Technologies Inc. Retirement of Chief Operating Officer and Appointment of Director
Kelso Technologies (TSX: KLS) announced key leadership changes, with COO Anthony Andrukaitis retiring from the Board of Directors on June 3rd, 2025, and from his COO position on June 30th, 2025. Executive Vice President Amanda Smith will take over as COO starting July 1, 2025. The company is also welcoming Mark Temen as the sixth board member.
Andrukaitis, who has served since October 2011, was instrumental in building the Bonham team and mentoring Smith. He oversaw the Bonham, Texas facilities operations and the company's rail product line development. His retirement was previously delayed due to COVID-19 pandemic challenges.
As part of operational streamlining, the Executive Vice President of Operations position will be eliminated. The transition is expected to be seamless, with Smith fully assuming COO responsibilities in July 2025.
Kelso Technologies (TSX: KLS) ha annunciato importanti cambiamenti nella leadership: il COO Anthony Andrukaitis si ritirerà dal Consiglio di Amministrazione il 3 giugno 2025 e lascerà il ruolo di COO il 30 giugno 2025. La Vicepresidente Esecutiva Amanda Smith assumerà la carica di COO a partire dal 1° luglio 2025. L'azienda accoglie inoltre Mark Temen come sesto membro del consiglio.
Andrukaitis, in carica dal ottobre 2011, è stato fondamentale nella formazione del team di Bonham e nel mentoring di Smith. Ha supervisionato le operazioni degli stabilimenti di Bonham, Texas, e lo sviluppo della linea di prodotti ferroviari dell’azienda. Il suo ritiro era stato precedentemente posticipato a causa delle difficoltà legate alla pandemia di COVID-19.
Come parte di una razionalizzazione operativa, la posizione di Vicepresidente Esecutivo delle Operazioni sarà eliminata. La transizione dovrebbe avvenire senza intoppi, con Smith che assumerà pienamente le responsabilità di COO a luglio 2025.
Kelso Technologies (TSX: KLS) anunció cambios clave en su liderazgo: el COO Anthony Andrukaitis se retirará del Consejo de Administración el 3 de junio de 2025 y dejará su puesto de COO el 30 de junio de 2025. La Vicepresidenta Ejecutiva Amanda Smith asumirá el cargo de COO a partir del 1 de julio de 2025. La empresa también da la bienvenida a Mark Temen como el sexto miembro del consejo.
Andrukaitis, que ha estado en el cargo desde octubre de 2011, fue fundamental en la formación del equipo de Bonham y en la mentoría de Smith. Supervisó las operaciones de las instalaciones en Bonham, Texas, y el desarrollo de la línea de productos ferroviarios de la compañía. Su retiro se había pospuesto anteriormente debido a los desafíos de la pandemia de COVID-19.
Como parte de una optimización operativa, se eliminará el puesto de Vicepresidente Ejecutivo de Operaciones. Se espera que la transición sea fluida, con Smith asumiendo plenamente las responsabilidades de COO en julio de 2025.
Kelso Technologies (TSX: KLS)는 주요 경영진 변동을 발표했습니다. COO인 Anthony Andrukaitis는 2025년 6월 3일 이사회에서 퇴임하며, 2025년 6월 30일 COO 자리에서도 물러납니다. 전무이사 Amanda Smith가 2025년 7월 1일부터 COO 직책을 맡게 됩니다. 또한 회사는 Mark Temen을 여섯 번째 이사로 영입했습니다.
2011년 10월부터 근무한 Andrukaitis는 본햄 팀 구축과 Smith 멘토링에 중요한 역할을 했습니다. 그는 텍사스 본햄 시설 운영과 회사의 철도 제품 라인 개발을 총괄했습니다. 그의 퇴임은 COVID-19 팬데믹으로 인한 어려움 때문에 이전에 연기된 바 있습니다.
운영 효율화를 위해 운영 전무이사 직책은 폐지될 예정입니다. Smith가 2025년 7월에 COO 업무를 완전히 인수하며 원활한 전환이 기대됩니다.
Kelso Technologies (TSX : KLS) a annoncé des changements majeurs dans sa direction : le COO Anthony Andrukaitis prendra sa retraite du conseil d'administration le 3 juin 2025 et quittera son poste de COO le 30 juin 2025. La vice-présidente exécutive Amanda Smith prendra la relève en tant que COO à partir du 1er juillet 2025. L’entreprise accueille également Mark Temen en tant que sixième membre du conseil.
Andrukaitis, en poste depuis octobre 2011, a joué un rôle clé dans la constitution de l’équipe de Bonham et le mentorat de Smith. Il supervisait les opérations des installations de Bonham, Texas, ainsi que le développement de la gamme de produits ferroviaires de la société. Son départ avait été retardé en raison des difficultés liées à la pandémie de COVID-19.
Dans le cadre d’une simplification opérationnelle, le poste de vice-président exécutif des opérations sera supprimé. La transition devrait se faire sans accroc, Smith assumant pleinement les responsabilités de COO en juillet 2025.
Kelso Technologies (TSX: KLS) gab bedeutende Führungsänderungen bekannt: COO Anthony Andrukaitis wird am 3. Juni 2025 aus dem Vorstand ausscheiden und seine COO-Position zum 30. Juni 2025 aufgeben. Die Executive Vice President Amanda Smith wird ab dem 1. Juli 2025 die Rolle des COO übernehmen. Das Unternehmen begrüßt außerdem Mark Temen als sechstes Vorstandsmitglied.
Andrukaitis, der seit Oktober 2011 tätig ist, spielte eine entscheidende Rolle beim Aufbau des Bonham-Teams und der Betreuung von Smith. Er leitete den Betrieb der Einrichtungen in Bonham, Texas, sowie die Entwicklung der Schienenproduktlinie des Unternehmens. Sein Ruhestand wurde zuvor aufgrund der Herausforderungen der COVID-19-Pandemie verschoben.
Im Rahmen einer operativen Straffung wird die Position des Executive Vice President of Operations gestrichen. Der Übergang soll reibungslos verlaufen, wobei Smith im Juli 2025 die COO-Verantwortung vollständig übernimmt.
- Planned smooth leadership transition with internal successor already mentored
- Addition of new board member with financial expertise
- Cost reduction through elimination of EVP Operations position
- Loss of experienced COO with extensive industry knowledge and relationships
- Potential operational disruption during leadership transition period
WEST KELOWNA, British Columbia and BONHAM, Texas, April 22, 2025 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. (TSX: KLS) (“Kelso” or “the Company”) announces that Anthony (Tony) Andrukaitis will retire from the Board of Directors effective June 3rd, 2025, and as Chief Operating Officer effective June 30th, 2025. Executive Vice President Amanda Smith will assume the role of COO starting July 1, 2025. The company and the board are pleased to welcome Mark Temen of Phoenix, Arizona, as the sixth member of the Kelso Board.
Since October 24, 2011, Mr. Andrukaitis has diligently served in his role, effectively building a strong team in Bonham and mentoring Ms. Smith to assume his roles and responsibilities.
“It has been a pleasure working with Tony over the last five years,” says Frank Busch, President and CEO. “Tony was particularly helpful through the management changes during summer and autumn of 2024. Tony’s guidance with corporate and industry knowledge helped the new management team get up to speed quickly, resulting in a smooth transition.”
Mr. Andrukaitis oversaw the operations of the Bonham, Texas facilities as well as the development and production of the Company’s rail product line. Tony’s retirement was previously delayed due to the difficult period of the COVID 19 pandemic and related rail recession. Tony used some of that time to mentor EVP Amanda Smith to assume his duties as COO.
“Tony's patience, kindness and leadership guided Kelso through extreme business challenges, market fluctuations and economic uncertainties while maintaining a positive culture,” says incoming COO, Amanda Smith. “With his industry knowledge, extensive network and relationships, I've been fortunate to have him mentor, support and invest in me and my personal development as his successor.”
The Company anticipates a seamless transfer to Ms. Smith on July 1st, 2025, at which time she will fully assume the role of COO. As part of management’s ongoing efforts to reduce expenses, the position of Executive Vice President of Operations will be eliminated.
The Corporate Governance and Nominating Committee is pleased to announce the appointment of Mark Temen to fill the vacant seat on Kelso Technologies Inc’s Board of Directors. Mr. Temen was nominated by shareholders and brings years of finance and business experience to the Board.
"Mark Temen’s appointment contributes financial expertise to the board," says Laura Roach, Chair of the Corporate Governance and Nominating Committee. "Mr. Temen's knowledge, network, and business experience will complement the existing members and enhance board governance."
The Board and Management of Kelso Technologies Inc. welcome the addition of Mark Temen to the board. We thank Mr. Andrukaitis for his lengthy, loyal and diligent service to the company and its stakeholders, and we wish him a very happy and well-deserved retirement.
About Kelso Technologies
Kelso is a diverse transportation equipment company that specializes in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation. The Company’s rail equipment business has been developed as a designer and reliable domestic supplier of unique high-quality tank car valves that provide for the safe handling and containment of commodities during rail transport. Kelso products are specifically designed to address the challenging issues of public safety, worker well-being and potential environmental harm while providing effective and efficient operational advantages to customers. Kelso’s innovation objectives are to create products that diminish the potentially dangerous effects of human and technology error through the use of the Company’s portfolio of proprietary products.
For a more complete business and financial profile of the Company, please view the Company's website at www.kelsotech.com and public documents posted under the Company’s profile on SEDAR in Canada and on EDGAR in the United States.
On behalf of the Board of Directors,
Frank Busch, CEO
Legal Notice Regarding Forward-Looking Statements: This news release contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements indicate expectations or intentions. Forward-looking statements in this news release include that our new Chief Operating Officer will seamlessly transition into the new role; and that our new director will enhance governance of the board of directors through his finance and business experience. Although Kelso believes the Company’s anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, they can give no assurance that such expectations will prove to be correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Kelso to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information, including without limitation that the risk that the longer-term effects on the rail industry including high interest rates, tariffs, inflation and supply chain issues may reduce, postpone or cancel business orders from customers; that the development of new products may proceed slower than expected, cost more or may not result in a saleable product; that tank car producers may produce or retrofit fewer than cars than expected and even if they meet expectations, they may not purchase the Company’s products for their tank cars; capital resources may not be adequate enough to fund future operations as intended; that the Company’s products may not provide the intended economic or operational advantages to end users; that the Company’s new rail products may not receive regulatory certification; that customer orders may not develop or be cancelled; that competitors may enter the market with new product offerings which could capture some of the Company’s market share; that a new product idea under research and development may be dropped if ongoing product testing and market research reveal engineering and economic issues that render a new product concept infeasible; and that the Company’s new equipment offerings may not capture market share as well as expected. Except as required by law, the Company does not intend to update the forward-looking information and forward-looking statements contained in this news release.
For further information, please contact:
| Frank Busch Chief Executive Officer Email: investor@kelsotech.com | Sameer Uplenchwar Chief Financial Officer Email: investor@kelsotech.com | Head office: 305 – 1979 Old Okanagan Hwy, West Kelowna, BC V4T 3A4 www.kelsotech.com |
FAQ
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