Kelso Technologies Inc. Announces Retirement of Director and CEO and Appointment of Interim CEO
July 09 2024 - 7:19PM
Kelso Technologies Inc. (“
Kelso” or the
“
Company”), (TSX: KLS), announced today that Mr.
James R. Bond, the Chief Executive Officer and President of Kelso,
has informed the Company that he has decided to retire from his
roles with the Company and its subsidiaries, effective as of the
close of business on July 9, 2024. In addition, further to the
Company’s news release dated June 7, 2024, Mr. Bond also elected to
retire from his position as a director of the Company. Mr. Frank
Busch, a director of the Company, has been appointed as interim
Chief Executive Officer, effective as of the close of business on
July 9, 2024. The Board of the Directors wish to thank Mr. Bond for
his years of service to the Company.
Mr. Busch has been a director of the Company
since February 11, 2020 and is Chair of the Audit and Finance
Committee. Busch is a member of the Nisichawayasihk Cree Nation,
and holds an undergraduate degree from the University of Manitoba,
5 certificates from the Canadian Securities Institute, and a
Post-Graduate Certificate in Finance from Harvard University. He
has worked with various organizations, companies, and boards
throughout his 20-year career, mainly in finance and leadership
positions.
“I look forward to this new challenge, and to
meeting all Kelso employees and stakeholders. My immediate priority
is to manage a smooth transition without disrupting existing
operations,” stated Busch.
Mr. Busch will be reaching out to stakeholders
over the next few weeks and will review the company’s market
outlook and strategic planning.
About Kelso Technologies
Kelso is a diverse product development company
that specializes in the design, engineering, production and
distribution of proprietary service equipment used in
transportation applications. The Company’s reputation has been
earned as a designer and reliable supplier of unique high-quality
rail tank car valve equipment that provides for the safe handling
and containment of hazardous and non-hazardous commodities during
transport. All Kelso products are specifically designed to provide
economic and operational advantages to customers while reducing the
potential effects of human error and environmental harm.
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 www.sedar.com in Canada and on EDGAR at www.sec.gov in
the United States.
On behalf of the Board of
Directors,
Frank Busch, Interim Chief Executive Officer
For further information, please contact:
Frank Busch, Interim Chief
Executive Officer |
Richard Lee, Chief Financial
Officer |
Corporate Address: |
Email: busch@kelsotech.com |
Email: lee@kelsotech.com |
13966 - 18B AvenueSouth Surrey, BC V4A8J1www.kelsotech.com |
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