Koil Energy Solutions (KLNG) just unveiled an announcement.
Charles K. Njuguna resigned from his executive roles and board membership at the Company, with Erik Wiik appointed as the new CEO effective April 1, 2024. Wiik brings a wealth of experience from various industry positions and will receive a competitive salary with performance-based bonuses and benefits, including provisions for severance and stock options. Wiik also agreed to non-compete terms post-employment. His appointment comes alongside a board membership, signaling a new chapter for the Company’s leadership.
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