Subsea power gear and providers specialist Koil Power Options Inc. has made a change on the helm as its CEO and CFO Charles Njuguna handed in his resignation. The corporate stated in a media launch that Njuguna is retiring as a consequence of a household well being matter.
Along with resigning from his CEO and CFO positions, Njuguna has additionally resigned from the corporate’s board of administrators. His final task for Koil shall be to supervise the 2023 fiscal yearend audit and monetary reporting, which means he’ll keep onboard by March 31.
Koil’s board of administrators named Erik Wiik as a brand new member efficient March 8. Wiik may even assume the place of chief government efficient April 1. Wiik has been related to Koil as a marketing consultant since September 2023.
“Serving as CEO of Koil Power has been the spotlight of my skilled profession. As I look again on the Firm’s transformation over the previous 4 and a half years, I couldn’t be prouder of what the workforce has achieved”, stated Njuguna. “Regardless of the challenges we now have encountered, the Firm’s basis has by no means been stronger. Having crafted a brand new development technique with Erik and the workforce, I’m delighted he has dedicated to executing this technique as the brand new CEO”.
Wiik has greater than three a long time of expertise within the power business, together with in subsea expertise by a 24-year tenure with Aker Options, the corporate stated.
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