dynaCERT Inc. is pleased to announce the appointment of Mr. Doug Seneshen as a Director to serve on the Board of Directors of the Company.
Mr. Seneshen brings to dynaCERT over 40 years of experience in the global power and propulsion systems business, with direct sales and operations experience in commercial vehicles, mining, oil and gas, defence, marine and power generation markets. In his career, Mr. Seneshen has managed business operations, green field startups, business turnarounds, acquisitions and consolidations including expansion into new markets and countries. He has worked extensively in Asia Pacific and North America.
Mr. Seneshen served as Chairman and CEO of MTU Detroit Diesel Australia (now Penske Australia/New Zealand) until he retired in 2011, to build his consultancy practice. In 2014, he was appointed to the Board of Directors of Penske Transportation Group International, which encompasses the Penske Automotive Group (PAG) Power Systems and Commercial Vehicle investments in Australia Pacific. Between, 2016 and 2023, he served on the Board of Directors of PAG Canada Holdings which encompasses the Canadian operations of the Premier Truck Group. Mr. Seneshen is a graduate of Wilfrid Laurier University having studied Economics, Business and Philosophy. He completed graduate studies at the University of Melbourne in 2012. He was a member of the Australian Institute of Company Directors and has served on numerous industry boards and associations.
Doug Seneshen, Director of dynaCERT, stated, “I am very impressed with dynaCERT's mission and its ongoing advancements in hydrogen technology. Collaborating with a dedicated and talented corporate team focused on reducing carbon emissions in internal combustion engines and pioneering hydrogen innovation is quite exciting for me. As a Director, I look forward to helping shape dynaCERT's strategic direction, ensuring that our innovations continue to have positive impact globally, enhance our customer’s businesses and thereby driving sustainable, long-term and profitable revenue growth. I am eager to increase and further expand dynaCERT’s influence and contributions to the world-wide hydrogen technology sector.”Bottom of Form
Bernd Krueper, President and Director of dynaCERT, stated, “dynaCERT management is very pleased to welcome Doug Seneshen as a Director of the Company. I much appreciate working again very closely with my former, very competent colleague at Detroit Diesel and MTU. Doug is a highly energetic executive with a forthright target-oriented approach that embraces change. Our entire Company, clients, and dealers are joining me in greeting Doug Seneshen as a dynamic supporter of the furtherance of our hydrogen technology on a global scale.”
Jim Payne, Chairman and CEO of dynaCERT, stated, “Along with our Board of Directors and the entire team at dynaCERT, I welcome Doug Seneshen to our Company. Doug’s vast experience and network bring a wealth of knowledge and opportunities to foster our corporate goals. Doug will not only actively work as a Director but also provide Board-level insight into management and sales as we continue to build and strengthen our team for continued growth and global expansion in many vertical markets.”
This new appointment to the board takes effect November 20, 2024. According to By-Law NO. 1 adopted by the shareholders of dynaCERT at its last annual meeting, the Board of Directors of the Company has increased the number of Directors of the Company from nine (9) Directors to ten (10) Directors. Under its stock Option Plan and following regulatory requirements, the Company announces that it has issued 250,000 options to a director to purchase its common shares in the authorized share structure of the Company, the exercise price of each such option being $0.25 per share for a period expiring November 20, 2029.
