Kelso Technologies Inc T.KLS

Finally but will it change anything?

[kidl2]

Kelso Technologies Inc. Announces Retirement of Director and CEO and Appointment of Interim CEO

VANCOUVER, British Columbia and BONHAM, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- 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.

[Possibleidiot01]

Does retirement mean no severance?

[monte8]

Nothing but broken promises during his tenure. Could have gotten off his chair and actually gone to the rail companies created good relations for more of their business, perhaps gone to government agencies regulating the rail and making the case for safety, gone to the forestry industry and firefighters for their off road vehicle conversion. Nothing gets done sitting in your office and

[diamondlessnono]

Do u think the new person will do any better? Didn't even go up 1 cent. But keep reading about KLS. GLTA

[monte8]

According to the release, Mr. Frank Busch a director of the company and was the Chair of the Audit and Finance Committee and now has been appointed as interim Chief Executive Officer.  I don’t don’t know or expect much from him unless he has good sales and marketing knowledge. Or, he simply hires the right people with good knowledge of the product to the right possible clients!!

[onewkn]

My hope is that we are done with Bond and there is no behind-the-scene deal.  Frank has a lot to do as I think the investor community is done with Kelso at this moment.   

[kidl2]

As Director since February 11, 2020 and Chair of the Audit and Finance Committee Mr Busch had four years to stop the steal and refocus KLS. He obviously did nothing until shareholders finally kicked Bond out. Why would an ineffective Director with no industry experience make a good interim CEO?

[diamondlessnono]

kidl2. For a pay check.

[monte8]

If Mr Busch wants to run the company as CEO then he should put in the right Sales and Marketing people to knock on the doors of the potential users of their product line.  Put goals, with results and accountability for them and not just cash in weekly pay and stock options when available!!! 

[kidl2]

This company purely exists for the benefit of insiders and Busch is one of them.   I suspect a low ball offer to take KLS private. Current insiders will likely be the buyers.

[diamondlessnono]

If the insiders buys KLS out, it's cause Mr Bond was removed. We will all pay the price. GLTA

[diamondlessnono]

We are already paying the price, by letting Mr Bond go. When or if will KLS ever go up?

[diamondlessnono]

Mr Bond deserves a big severance package. Remember we sold around 7.00? 

[lukespywalker]

Sorry, diamondlessnono aka Mr. Bond you deserve what you put in: NOTHING!

[diamondlessnono]

You forget all the money he made us when KLS hit 7.00. Yes he slow down, but he would have again made us money. Lest wait and see how long it takes the new person to bring it up? And please don't said that Mr BOND cause KLS to drop. The new person name alone should have push it up. In the mean time watch SBBC .74 today 3 months ago .20. Also maybe u can send a good stock that you think is

[monte8]

Under low volume the last couple days the share price has managed to be between $0.20 to $0.22 which is alot more than it has in a long time. We need to see more volume at these or higher sustained prices. I'm hoping this new guy can turn things around for the better.