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KOIL Energy Announces New CFO

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KOIL Energy Solutions (OTCQB: KLNG) has appointed Kurt Keller as Chief Financial Officer, effective April 22, 2025. Keller brings two decades of financial leadership experience, having successfully scaled middle-market companies from $20 million to $100 million in revenue.

Keller's previous roles include executive positions at PurgeRite and SunGrid Holdings, CFO at Mantis Innovation Group (2018-2022), and CFO at Navasota Energy Services (2007-2017). He also provided advisory services at Deloitte (1999-2006). Keller holds a BA in Economics from Baylor University, an MBA from Vanderbilt University, and both CFA and CMA certifications.

CEO Erik Wiik emphasized Keller's expertise in scaling businesses through organic growth and M&A, highlighting the importance of financial discipline in meeting commitments to stakeholders.

KOIL Energy Solutions (OTCQB: KLNG) ha nominato Kurt Keller come Chief Financial Officer, con effetto dal 22 aprile 2025. Keller porta con sé due decenni di esperienza nella leadership finanziaria, avendo guidato con successo aziende di mercato medio da 20 a 100 milioni di dollari di fatturato.

Tra i suoi ruoli precedenti, Keller ha ricoperto posizioni dirigenziali presso PurgeRite e SunGrid Holdings, è stato CFO di Mantis Innovation Group (2018-2022) e di Navasota Energy Services (2007-2017). Ha inoltre offerto servizi di consulenza presso Deloitte (1999-2006). Keller è laureato in Economia presso la Baylor University, ha conseguito un MBA alla Vanderbilt University ed è certificato CFA e CMA.

Il CEO Erik Wiik ha sottolineato l’esperienza di Keller nella crescita aziendale attraverso sviluppo organico e fusioni e acquisizioni, evidenziando l’importanza della disciplina finanziaria per rispettare gli impegni con gli stakeholder.

KOIL Energy Solutions (OTCQB: KLNG) ha nombrado a Kurt Keller como Director Financiero, con efecto a partir del 22 de abril de 2025. Keller aporta dos décadas de experiencia en liderazgo financiero, habiendo escalado con éxito empresas de mercado medio de 20 a 100 millones de dólares en ingresos.

Sus roles anteriores incluyen puestos ejecutivos en PurgeRite y SunGrid Holdings, CFO en Mantis Innovation Group (2018-2022) y CFO en Navasota Energy Services (2007-2017). También brindó servicios de asesoría en Deloitte (1999-2006). Keller tiene una licenciatura en Economía por la Baylor University, un MBA por la Vanderbilt University y certificaciones CFA y CMA.

El CEO Erik Wiik destacó la experiencia de Keller en el crecimiento empresarial mediante crecimiento orgánico y fusiones y adquisiciones, resaltando la importancia de la disciplina financiera para cumplir con los compromisos con los interesados.

KOIL Energy Solutions (OTCQB: KLNG)는 2025년 4월 22일부로 Kurt Keller를 최고재무책임자(CFO)로 임명했습니다. Keller는 20년 이상의 금융 리더십 경험을 보유하고 있으며, 중견 기업의 매출을 2천만 달러에서 1억 달러로 성공적으로 성장시킨 바 있습니다.

그는 PurgeRite와 SunGrid Holdings에서 임원직을 역임했으며, Mantis Innovation Group(2018-2022)과 Navasota Energy Services(2007-2017)에서 CFO로 근무했습니다. 또한 Deloitte(1999-2006)에서 자문 서비스를 제공했습니다. Keller는 Baylor University에서 경제학 학사 학위를, Vanderbilt University에서 MBA를 취득했으며 CFA 및 CMA 자격증을 보유하고 있습니다.

CEO Erik Wiik는 Keller의 유기적 성장과 인수합병을 통한 기업 확장 전문성을 강조하며, 이해관계자와의 약속을 지키기 위한 재무 규율의 중요성을 언급했습니다.

KOIL Energy Solutions (OTCQB : KLNG) a nommé Kurt Keller au poste de Directeur Financier, à compter du 22 avril 2025. Keller apporte vingt ans d'expérience en leadership financier, ayant réussi à faire croître des entreprises de taille moyenne de 20 millions à 100 millions de dollars de chiffre d'affaires.

Parmi ses précédents postes, Keller a occupé des fonctions exécutives chez PurgeRite et SunGrid Holdings, a été CFO chez Mantis Innovation Group (2018-2022) et chez Navasota Energy Services (2007-2017). Il a également fourni des services de conseil chez Deloitte (1999-2006). Keller est titulaire d'une licence en économie de la Baylor University, d'un MBA de la Vanderbilt University ainsi que des certifications CFA et CMA.

Le PDG Erik Wiik a souligné l’expertise de Keller dans le développement des entreprises via la croissance organique et les fusions-acquisitions, mettant en avant l’importance de la rigueur financière pour respecter les engagements envers les parties prenantes.

KOIL Energy Solutions (OTCQB: KLNG) hat Kurt Keller mit Wirkung zum 22. April 2025 zum Chief Financial Officer ernannt. Keller bringt zwei Jahrzehnte Erfahrung in der Finanzführung mit und hat mittelständische Unternehmen erfolgreich von 20 Millionen auf 100 Millionen Dollar Umsatz skaliert.

Seine bisherigen Positionen umfassen leitende Funktionen bei PurgeRite und SunGrid Holdings, CFO bei Mantis Innovation Group (2018-2022) sowie CFO bei Navasota Energy Services (2007-2017). Zudem war er als Berater bei Deloitte (1999-2006) tätig. Keller besitzt einen BA in Wirtschaftswissenschaften von der Baylor University, einen MBA von der Vanderbilt University sowie die CFA- und CMA-Zertifizierungen.

CEO Erik Wiik betonte Kellers Expertise im organischen Wachstum und bei Fusionen und Übernahmen und hob die Bedeutung finanzieller Disziplin hervor, um Verpflichtungen gegenüber den Stakeholdern einzuhalten.

Positive
  • Appointment of experienced CFO with track record of scaling companies from $20M to $100M in revenue
  • New CFO brings M&A expertise, supporting potential growth opportunities
  • Strong financial background with CFA and CMA certifications indicates enhanced financial oversight
Negative
  • Company trades on OTCQB market, indicating lower tier exchange listing

HOUSTON, April 21, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), (the "Company") today announced the appointment of Mr. Kurt Keller as the chief financial officer (CFO), effective April 22, 2025. Mr. Keller has two decades of financial leadership experience from middle-market companies, where he has successfully scaled operations and transformed businesses, growing revenues from $20 million to $100 million.

Before joining KOIL Energy, he was an executive at private equity-backed firms PurgeRite and SunGrid Holdings. From 2018 to 2022, he served as CFO at Mantis Innovation Group, a construction and facilities services firm. From 2007 to 2017, he was the CFO of Navasota Energy Services, a builder and operator of power generation facilities. From 1999 to 2006, he provided advisory services at Deloitte. He earned a BA in economics from Baylor University and an MBA from Vanderbilt University. Mr. Keller holds both Chartered Financial Analyst (CFA) designation and Certified Management Accountant (CMA) certification.

“We are excited to welcome Kurt to the KOIL Energy team. His extensive experience in scaling businesses, both organically and through mergers and acquisitions, will prove to be incredibly valuable. Kurt is a transformational leader and perfect for KOIL Energy’s growth journey. We are confident that his leadership will further enhance and solidify our financial policies, strategy, and overall performance,” said Erik Wiik, president and CEO of KOIL Energy. “Maintaining financial discipline is crucial to our ability to meet our commitments to customers, shareholders, and employees.”

KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries.

Investor Relations:
ir@koilenergy.com
281-862-2201


FAQ

What experience does Kurt Keller bring as the new CFO of KOIL Energy (KLNG)?

Kurt Keller brings 20 years of financial leadership experience, having scaled companies from $20M to $100M in revenue, with previous CFO roles at Mantis Innovation Group and Navasota Energy Services.

When will Kurt Keller start as CFO at KOIL Energy (KLNG)?

Kurt Keller will begin his role as CFO at KOIL Energy on April 22, 2025.

What are Kurt Keller's educational and professional certifications for the KLNG CFO position?

Keller holds a BA in Economics from Baylor University, an MBA from Vanderbilt University, and both CFA and CMA certifications.

How does KOIL Energy (KLNG) expect to benefit from Kurt Keller's appointment?

KOIL Energy expects to benefit from Keller's expertise in scaling businesses, both organically and through M&A, and his ability to enhance financial policies, strategy, and overall performance.
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