So, Jerry quits as CEO but Tom is still there as Chairman of the BOD. Will Tim have the kahunahs and sense to get rid of the biggest roadblock in the H2 industry?

Dynamic Announces Appointment of Tim Masek as President and Chief Executive Officer

Last Update: 7/16/2009 9:00:07 AM

PICKERING, ONTARIO, Jul 16, 2009 (Marketwire via COMTEX) -- Dynamic Fuel Systems Inc. (DYA) ("Dynamic" or the "Company") is pleased to announce the appointment of Mr. Tim Masek, as the Company's President and Chief Executive Officer, effective immediately. Mr. Masek takes over from Jerry Solensky Jr., who remains a director of the Company.

Mr. Masek comes to Dynamic with a broad range of prior experience in assisting, advising and managing development-stage companies, having served as an investor, director, senior officer and advisor to numerous companies throughout the development stage of their growth and into profitability. For more than 14 years, Mr. Masek worked in a variety of capacities with TMB Industries, a Chicago-based private equity firm specializing in the acquisition, management, turnarounds and sales of under-performing companies. Mr. Masek's roles within TMB ranged from analyst to Vice-President, Corporate Development, to Senior Partner and Director. Through TMB Industries, Mr. Masek has had involvement with and made substantial contributions to a number of developing companies. In several instances, he has taken on senior management rolls, some of which include: President, Chief Executive Officer and Chairman of the board of directors of Fuel Systems LLC, a leading manufacturer of light, medium and heavy-duty truck fuel tanks; Senior Vice President - Sales and Marketing, Transportation Technologies (NASDAQ) a leading supplier of truck components; President, Chief Executive Officer and a director of Heckethorn Manufacturing, a supplier of stamped exhaust products; and President, Chief Executive Officer and a director of Bostrom Seating, a supplier of truck seating products.

Thomas Fairfull, Chairman of the board of directors of Dynamic, states, "we are extremely privileged and enthused to have someone of Tim's calibre and pedigree join our Company to lead us into the next stage of our development. Tim has a proven record of working with companies and helping them through their growth stages. We hope and expect that he will be a valuable resource and asset to our Company and we are very pleased to welcome him aboard. The board would also like to express its sincere thanks to Jerry Solensky for his efforts and contributions to the Company throughout his tenure as President and CEO of the Company."