Koil Energy names Mads Andersen to board, Kurt Keller as CFO
Koil Energy Solutions, Inc.
Mads Andersen, CEO of Norway-based Aibel ASA (5,000 employees, $1.5B revenue), joins board as independent director; receives $20K cash, $30K RSU, 50,000 options.
Kurt Keller appointed CFO effective April 22; base salary $250K, eligible for annual bonus based on board-set objectives; granted 80,000 restricted shares and 160,000 options (3-year vest).
Keller's employment agreement includes severance of 6 months salary + pro-rata bonus, change-of-control acceleration, and gross-up for excise taxes.
Keller has 20+ years scaling businesses from $20M to $100M; prior CFO roles at PurgeRite, SunGrid, Mantis Innovation, Navasota Energy; holds CFA and CMA.
Effective as of April 21, 2025, Mads Andersen, age 59, was appointed to the Board of Directors of Koil Energy Solutions, Inc. (the “Company”) as an independent, non-executive director.
On April 21, 2025, the Company announced the appointment of Kurt Keller as the chief financial officer (CFO) of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Mads Andersen was appointed as Director at Koil Energy Solutions, Inc..
Action
appointed
Role
Director
Exact text from the filing
Effective as of April 21, 2025, Mads Andersen, age 59, was appointed to the Board of Directors of Koil Energy Solutions, Inc. (the “Company”) as an independent, non-executive director.
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.