Genoil Bolsters Management Team
Genoil Inc. (GNOLF), the publicly traded clean technology engineering company for the petroleum industry, has announced the addition of a special adviser to its management team with the appointment of Douglas A. Phillips, CPA, who joins Genoil to provide strategic input on major transactions and provide advice to top management.
Phillips has a distinguished track record in business counsel, having served a wide variety of domestic and foreign companies in the areas of accounting and auditing, mergers and acquisitions, and corporate structuring. He served as the Chairman, CEO and Managing Partner of WeiserMazars LLP, Certified Public Accountants, in the US, and as Co-CEO and the Vice Chairman of Mazars SCRL on an international level. In these roles, which he held until 2015, Phillips achieved a top ranking in the greater New York region and the US, executing twenty mergers and acquisitions and engineering significant organic growth for the company.
He is currently CEO of GYST Advisors LLC, a management consulting firm focusing on strategy, business development, mergers and acquisitions, financial performance and risk management.
Phillips joins Genoil after the agreement of several major initiatives for the company. In November 2016, Genoil signed a US $50 billion Letter of Intent to develop and construct upgrading and energy projects in Russia and Chechnya, including the provision of a complete solution from oil field development through to the production of 3.5m barrels per day of clean fuels. In April 2016, Genoil received a $5 billion Letter of Intent from a Chinese Policy "Superbank" to develop a project in the Middle East. In February 2017, Genoil also signed a Memorandum of Understanding with Bomin Group, a leading global physical supplier and trader of marine fuel, to develop a co-operation agreement to supply the marine market with compliant low sulphur products.
The appointment of Douglas Phillips follows the recent appointment of Raushan Telyashev as Vice President of Genoil Middle East, which is testament to Genoil's strong and continued global growth ambitions.