Posted 05 January, 2024


CEO Change detected for ticker OTC:VYEY in a 8-K filed on 05 January, 2024.

  Kevin DeLeon has resigned as our Chief Executive Officer, President, and Principal Financial and Accounting Officer.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Companies on the Energy Service • Upstream Oil & Gas
Victory Oilfield Tech, Inc. engages in the exploration, acquisition, development, and exploitation of oil and gas properties. It also provides and applies wear-resistant alloys for use in the global oilfield services industry. The company was founded on January 7, 1982 and is headquartered in Austin, TX.
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Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain 

Officers; Compensatory Arrangements of Certain Officers.

Pursuant to the Merger Agreement, Ronald W. Zamber, Robert Grenley and Ricardo A. Salas have resigned from our Board, Kevin DeLeon will remain on our Board, and Christopher Headrick, James McGinley, Neil Goulden have been appointed to our Board (with Mr. Headrick appointed as the Chairman of the Board).

In addition, our executive officers have been restructured according to Section 7.1(g) of the Merger Agreement.

Directors and Officers After the Closing:

Kevin DeLeon has resigned as our Chief Executive Officer, President, and Principal Financial and Accounting Officer. The executive officers named below have been appointed as of the Closing.

Set forth below is biographical information for each of our directors and executive officers after the Closing.


 Christopher Headrick 60 Executive Chairman 

 James McGinley 68 Chief Executive Officer, President, and Director 

 Neil Goulden 63 Chief Administrative Officer, Treasurer, Secretary, and Director 

 Paul Powers 64 Chief Development Officer 

 Don Turner 67 Chief Operating Officer 

 Kevin DeLeon 56 Director 

Christopher Headrick. Executive Chairman.

The early years of Chris' career were devoted to developing corporate interpersonal skills with Pepsico, Morco and General Mills. In 1989 Chris began the development of real estate and energy lease consolidations in the coal, oil, and gas industries. In 2009, Chris became the first outside investor in a truly transformative energy technology that can change the way we power our world: zero emission, sustainable, and renewable Hydrogen derived from biomass. Chris founded H2 Energy Group Inc. in 2015.

James McGinley. Chief Executive Officer, President, and Director.

James is an exceptional technology business builder and strategist with strong commitment to renewable energy and green hydrogen. James has over 25 years' experience in technology ventures, specifically renewable energy, fiber optics, electronic components, and advanced materials. James is a named inventor on 27 patents and previously led a $200 million initial public offering as Chief Executive Officer of Stratos Lightwave, Inc. James joined H2 Energy Group in February 2019. From March 2018 to July 2020, James was employed at Marketshare IQ.

Neil Goulden. Chief Administrative Officer, Treasurer, Secretary, and Director.

Neil has 35 years' experience as a lawyer, banker, C-Level executive, and entrepreneur. He has structured, restructured, and managed dozens of businesses in many industries, including green energy and environmental services. Neil founded and is the Senior Managing Director of Structuring and Restructuring Advisory Partners. In May 2018, Neil co-founded both Water Integrated Treatment Systems Holdings, LLC and Greenline Environmental Solutions, LLC. Neil joined H2 Energy Group in January 2020.

Paul Powers. Chief Administrative Officer, Treasurer, Secretary, and Director.

Paul spent his entire career-over 37 years-in the financial industry, including advisory roles in company restructuring and strategic planning. Paul founded and has been working as the principal at P. Powers Consulting, LLC, which focuses on providing guidance for strategic initiatives, investments, and insurance for domestic and international clients since March 2015. An experienced entrepreneur and negotiator, Paul has worked as the Chief Development Officer in the renewable sector since May 2015 at H2 Energy Group Inc.

Don Turner. Chief Operating Officer.

Don is an innovative executive with a track record of success in engineering and technology-intensive marketplaces. From Group President of a leading-edge public telecom to CEO of multiple privately held companies in artificial intelligence, voice recognition, and high-end engineering animation, he is known for bringing clarity to complex problems. Known as a top strategist, he architected and led a billion-dollar initial public offering and his VOGIĀ® methodology is used internationally. Don joined H2 Energy Group as the Chief Operating Officer and Managing Member in January 2021. Prior to that, Don was employed at TurnerWorld LLC from June 2008 to January 2021.

Kevin DeLeon. Mr. DeLeon has served as a member of our Board of Directors since August 21, 2017. He has served as a General Partner and Director of Corporate Strategy for Visionary Private Equity Group I, LP, a private equity firm that invests in early stage, high growth companies, since 2015. Mr. DeLeon has spent more than twenty-five years in global finance, both on the buy and sell side, in New York, London, and Tokyo. For the past decade, his focus has been in natural resources, most recently as Senior Advisor to our Company since February, 2015. Prior to joining our Company, he served in the same capacity at Miller Energy, a NYSE-listed Alaska focused oil and gas exploration and production company, from June 2013 to February 2015. At Miller, Mr. DeLeon was responsible for overseeing corporate strategy, with particular focus on financing the company's drilling program and acquisitions, as well as investor relations and corporate governance. Prior to Miller, Mr. DeLeon spent approximately six years spearheading the U.S. operations for a boutique U.K. investment bank, with a strong focus in E&P and metals & mining. Early in his career, he worked for Yamaichi, one of the Big Four Japanese securities houses, where he received the Chairman's award for his consistent revenue contributions. Mr. DeLeon was also a founding partner of Bracken Partners, a London-based corporate finance advisory and fund management firm with particular focus on the U.K. private equity markets. He has served as both a senior executive and non-executive director of numerous public and private U.K. and U.S. companies. Mr. DeLeon is a 1990 graduate of Yale University, with a B.A in Economics. Mr. DeLeon was selected to serve on our Board of Directors due to his extensive global finance experience.

Family Relationships

There are no family relationships among any of our officers or directors before or after the Closing.

Board Committees

The Company does not currently have independent committees. The Board will act in the roles of the various committees. As the Board is expanded to include independent members we expect to form and adopt charters for independent committees.