Behind every great company lies a great management team. I am very impressed with Genoil's management team. The Chairman and CEO David Lifschultz has created value for shareholders in every company he ran. For example he was CEO of Lifschultz Industries and built it up from a start up into a significant company that was sold to Danaher. He is also President of his family office Lifschultz Investments that has large energy positions in both private and public companies. The family office went big into energy when oil was $10 a barrel as David Lifschultz analyzed the macroeconomic position and economy and his financial analysis determined that it was uneconomic for the Middle East to produce at $10/barrel so it had to go up. That started a big family bet on energy and energy technology that has proved very successful. Other successful investors and hedge fund managers frequently call him for advice on the energy sector or for investment ideas in the oil industry as he is known as an expert on the industry. He is also known as a highly ethical and moral person of the highest integrity. In short he has the values that you would expect from a Catholic Priest or the POPE himself.
Here is his bio: David Lifschultz has a long and successful career in directing companies in the fields of technology, transportation and energy. He is the President and Chief Executive Officer of Lifschultz Investments, a family office as well as Lifschultz Terminal Leasing Inc., a holding and investment company that allocates capital for alternative energy technologies and energy technologies that create greater efficiencies. He has been an investor in the oil and energy industry for the past 20 years with consistent annual returns on capital. He has a vast portfolio of oil and energy related companies including a 4.8% stake in NYSE Callon Petroleum (CPE).?From 1980-1991, Mr. Lifschultz was President and Chief Executive Officer of Lifschultz Fast Freight, a surface transportation company with 2000 employees and revenues of approximately $100 million per annum and he also supervised Trans Air Freight Systems, which he sold to Air Express International (AEI). In addition, he supervised Ocean Freight Forwarder, Wolf and Gerber and brokerage clearing house, Loretz & Co. Mr. Lifschultz created the first integrated surface air transportation system.?For 10 years, Mr. Lifschultz was President and CEO of Lifschultz Industries Inc, a high tech precision heat measuring company that measured heat to the nano degree, which was sold to Danaher in 2001. Mr. Lifschultz built the Company up from $1.50 stock value and $2 million in sales with no profits and sold it 8 years later for $33 million ($22.80 per share) to Danaher (DHR). Family transportation interests date back to 1899. He is the largest shareholder and sits on the Board of Directors of Worldwater Inc., a solar power energy company. He owns approximately 20% of Genoil's common shares, and has invested millions of his family money with Genoil.
James Runyan is another impressive member of Genoil's management team. James has significant engineering talent and has a track record of building up oil and gas companies from zero revenue to 10's of millions and in some cases close to $100 millions. His clients at his last company are alot of the major brand name oil and gas companies, and he uses those relationships as well as his pristine reputation in the oil industry to Genoil's benefit.
James Runyan has presented Genoil's breakthru technology at leading oil and gas industry conferences, upgrading conferences and energy technology conferences and is now a sought after speaker, gaining tremendous acclaim.
James bio is below, and does not give all the details that my due diligence revealed on his past clients and exceptional track record:
James F. Runyan is responsible for supervising the company’s Engineering office and commercial upgrading projects. He is a successful executive with experience in refining and with refinery management, as well as a track record of growing companies. He also has significant experience in engineering management, procurement, business and technical product development, strategic planning, budget management and costing analysis. Before joining Genoil, James Runyan was the VP Sales and Marketing for Advanced Hydrocarbon Systems, a hydrocarbon and petrochemical EPC company servicing major oil and gas companies implementing technologies in upstream production and downstream plants worldwide. In this position, James Runyan was in charge of business development and marketing, and he also managed the development and launch of new products. From 1998 to 2003 Mr. Runyan acted as Sales Manager for Process Systems International, a $ 50 million hydrocarbon & petrochemical engineering and equipment company supplying the natural gas, LNG and industrial gas industry worldwide. He was responsible for establishing a new sales office and directing all sales and marketing initiatives in the Houston area.
Candida Beaumont is another key member of Genoil's management team whose background is equally impressive. She has been essential in negotiating some of the large transactions for Genoil, and has single handedly structured and negotiated all financings for Genoil, dealing with investment banks, private equity funds and hedge funds. She also oversees business performance and strategic growth initiatives, and negotiation and execution of all client contracts. The hedge funds I inquired at validated that she has an exceptional reputation, and is one of the hardest working women in the industry.
Candida Beaumont is also gaining popular acclaim in the industry and is frequently featured on panels as an Energy Expert at prominent investment conferences together with fund managers from some of the top hedge funds.
Her bio is below and indicates the track record of success that I am referring to: Candida Beaumont has ten years experience in the investment business. She started her career in Corporate Finance at Merrill Lynch. Ms. Beaumont worked as an investment banker at Lazard Freres for several years, executing over $20 billion of merger and acquisition advisory assignments. While at Lazard she advised clients globally on a wide array of transactions including mergers, acquisitions, divestitures, leveraged buyouts, recapitalizations, hostile takeovers and hostile defense. She left Lazard to work as a private equity principal in venture capital at Argonaut Capital, where she was responsible for all aspects of new investment execution for the firm and its portfolio companies, including sourcing and screening potential investment candidates, conducting industry and market analyses, determining valuations, and structuring and negotiating term sheets. Ms. Candida Beaumont attended Rice University, and obtained a Bachelor in Business Administration from the University of Miami, graduating first in her class with a major of International Finance & Marketing.
David Kippen is a recent and impressive addition to the management team. I heard that the New York office hired him so that they would have someone to share the tremendous workload and deal pipeline with. He is a senior investment banker with alot of experience in the oil and gas sector. He brings everything to the table that a Director from JP Morgan, one of the nations greatest banking houses could, and I am confident will add value for shareholders. He presented Genoil at the Energy Venture Fair and the private equity funds as well as press such as Red Herring had terrific things to say.
His impressive bio detailing his extensive blue chip investment banking experience is below: With over 13 years of investment banking experience, David Kippen has worked with traditional energy companies as well as high growth technology and media industry clients. The majority of David's career has comprised the management of public company mergers and acquisitions, subsidiary divestitures, "parallel paths" for private companies, hostile/defense, structured strategic investments/joint ventures, acquisition finance and corporate finance advisory assignments. David has advised clients in North America, Europe, Asia, Latin America and South Africa. Prior to Genoil, David was a Senior Vice President in the global mergers and acquisitions group at JP Morgan Chase & Co. (Formerly Hambrecht & Quist) in San Francisco where he was responsible for leading execution teams on complex domestic and cross broader transactions in the technology sectors. While at JPMC, David led over 24 transactions worth $38 billion in aggregate value. He was also instrumental in building the west coast mergers and acquisitions practice where revenue and market share grew annually by 2X from 1997-2000.
Prior to San Francisco, David was in the energy and technology banking, and equity private placements groups at JP Morgan & Co. in New York where he advised clients on mergers, project finance, and equity financings. Prior to JP Morgan, David was with Credit Suisse First Boston in London in the European Mergers and Acquisitions practice. David also spent a year in CSFB’s Capital Markets group where he executed Euromarket fixed income and equity-linked transactions.
David holds a BA in Political Science and History from McGill University in Montreal, and earned a Masters of International Public Policy from the Nitze School of Advanced International Studies at Johns Hopkins University (with a focus in energy and environment policy studies) in Washington DC.
