David Lifschultz - Chairman of the Board, CEO

David Lifschultz - Chairman of the Board, CEO

The senior management team at Genoil is proud to lead this great corporation's strategy priorities and vision, as well as the day to day responsibilities of management. Genoil has the immediate solution for extending the world oil supply with the goal implementing of our extremely profitable technology for existing proven heavy oil reserves in the near future. (See proven oil reserve chart & short term trends)

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.

David Lifschultz a renowned turn around expert, known for turning around impossible situations, and who is also known for his forward thinking and possesses a very broad knowledge of the energy sector. Mr. Lifschultz is extremely well versed on the global macro and geopolitical dynamics affecting the energy sector.

David has a long and successful career in directing companies in the fields of technologies, transportation and energy. He was the President and Chief Executive Officer of Lifschultz Terminal Leasing Inc., a holding and investment company that allocates capital for alternative energy technologies.

Founded in 1899, Mr. Lifschultz was President & Chief Executive Officer of Lifschultz Fast Freight.  Lifschultz Fast Freight was 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 ten years, Mr. Lifschultz was President and CEO of Lifschultz Industries Inc, a high tech precision metrology company notable for it's heat measuring instruments that measured heat to the nano degree. It was sold to Danaher in 2001. When David took the reins in the early 90's Lifschultz Fast Freight was in extreme distress. Mr. Lifschultz turned around the company and built the it up from $1.50 stock value and $2 million in sales and was loosing money at the time and sold it 8 years later for $ 22.80 a share to the Danaher Corporation (DHR). His family transportation interests date back to 1899. Currently he controls approximately 30% of Genoil's common shares, and has invested his family's money in Genoil as well. In addition many of the old shareholders from Lifschultz Industries who witnessed his amazing turnaround have followed David and currently support him at Genoil.

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