Dec 16, 2024, 5:00 PM
Dec 16, 2024, 5:00 PM

John Tilson leaves NXT Energy Solutions board amid uncertainty

Highlights
  • John Tilson has concluded his tenure on the Board of Directors of NXT Energy Solutions as of December 16, 2024.
  • Jeffrey S. Tilson, son of John Tilson, has been appointed to the board, bringing extensive experience in finance and investment.
  • The company anticipates benefiting from both the informal guidance of John and the expertise of Jeffrey as they navigate future challenges.
Story

NXT Energy Solutions Inc., a Calgary-based technology firm, announced on December 16, 2024, that John Tilson has retired from its Board of Directors. John, a long-term shareholder since 2015, was recognized for his invaluable guidance and experience during his tenure. His contributions have been seen as instrumental in the company's strategic direction and growth. The Board expressed its regret at his departure while wishing him well in retirement. Following his retirement, the company appointed Jeffrey S. Tilson, John's son, to fill the vacancy on the Board, continuing a legacy of family involvement with the company. Jeffrey Tilson brings over two decades of experience as an Investment Advisor and holds dual Bachelor of Science degrees in Finance and Information Systems E-Commerce. His previous roles on non-profit boards and his family's significant shareholdings in NXT indicate a strong commitment to the company. With a focus on finance, customer service, and leadership, Jeffrey is expected to make meaningful contributions similar to those of his father during his tenure. NXT's CEO, Bruce G. Wilcox, acknowledged both John’s impactful service and Jeffrey’s potential to enhance the Board's overall strength. NXT Energy Solutions Inc. operates in the energy sector, utilizing its proprietary airborne SFD® survey system, which leverages quantum mechanics to assess stress anomalies in various exploration basins globally. This innovative technology is designed to help clients identify economically viable areas for hydrocarbon or geothermal exploration, minimizing risks, costs, and the time required for effective exploration decisions. Further highlighting the company’s environmental credentials, the SFD® survey system is noted for its non-invasive approach, which is unaffected by challenging terrain or ground security issues. The transfer of board leadership from John Tilson to Jeffrey signifies an important transition for NXT Energy Solutions as it continues to evolve and face the complexities of the energy market. John's informal guidance beyond his official tenure is expected to benefit the company as it moves forward under Jeffrey’s direction, maintaining continuity while also ushering in new perspectives. The company is poised to capitalize on Jeffrey's extensive financial background and leadership capabilities to steer its growth in a period of dynamic change in the energy sector.

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