Board of Directors

Chariman of the Board of Directors

The directors are responsible for overseeing the activities of the company, establishing objectives and leading the search for talented individuals to ensure that the Genoil board has the right mix of expertise and background.  The Genoil board is supplemented by the Genoil advisory board. The talented individuals comprising of our advisory board assist the directors in decisions and objectives and in it's search to become one of the world leading cleantech companies.

David Lifschultz an enthusiastic leader, renowned turn around expert, known for his innovative ideas, has a long and successful career in directing companies in the fields of technology, transportation and energy. David is known for his forward thinking broad worldly knowledge as well as deep understanding of the energy sector. Mr. Lifschultz who is deeply concerned about global warming and sustainability has led Genoil in developing technologies which can benefit the environment and protect the well being of the world's peoples. Mr. Lifschultz believes that only through clean energy can there be true prosperity and healthy economic development to improve the lives and living standards of the world's populations.

"Our wastewater systems and oil water separation systems in particular filter out 100% of harmful impurities. Impurities from free water knockout for example are harming populations in both developing and developed nations. We at Genoil are doing everything we possibly can to introduce these life saving technologies."

"Our GHU upgrader alters the ratio of hydrogen and carbon in fuel oil, thus resulting in a lower carbon ratio. Carbon reduction is the main staple of clean-tech sustainability movement, The GHU reduces carbon ratios while simultaneously economically removing 99.5% of the sulfur. No refining technology can match that."

For the last 8 years David has been leading Genoil in it's quest to bring cleantech technology into upstream and downstream oil production and refining sectors. He is extremely enthusiastic and devoted to the issues of cleantech and sustainability.  

He is the President and Chief Executive Officer of Lifschultz Terminal Leasing Inc., a holding and investment company that allocates capital for alternative energy technologies and energy technologies that create sustainability.

Founded in 1899, Mr. Lifschultz was President and Chief Executive Officer of Lifschultz Fast Freight, a surface transportation company which had 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 ten 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 owns approximately 20% of Genoil s common shares, and has invested his family's money with Genoil. Many of the old shareholders from Lifschultz Industries who witnessed his amazing turnaround have followed David and currently support him at Genoil.

David Lifschultz has led a turnaround effort that has landed him in Middle East full time. He has recently assembled an outstanding board of directors and advisors. 

Interviews with David Lifschultz

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