Koil Energy Solutions announced the resignation of its President, CEO and CFO, Mr. Charles Njuguna due to a family health matter. Mr. Njuguna has also resigned as a member of the Company’s Board of Directors. Mr. Njuguna will stay on through March 31, 2024 and oversee the 2023 fiscal year-end audit and financial reporting. In connection with Mr. Njuguna’s resignation, Koil Energy’s Board of Directors appointed Mr. Erik Wiik as a member of the Company’s Board effective March 8, 2024, and to serve as its next Chief Executive Officer, effective April 1, 2024. Mr. Wiik has been working with the Company as a consultant since September 2023.
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