COLUMBIA, Md., April 30,
2024 /PRNewswire/ -- GSE Solutions ("GSE
Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced
engineering and workforce solutions that supports the future of
clean-energy production and decarbonization initiatives of the
power industry, today announced a transition of the company's
management team:
- Mr. Ravi Khanna has been named President and CEO of the
Company and appointed as a Class II Director of the Board of
Directors, effective immediately. Mr. Khanna has been with GSE
since 2016 as its Senior Vice President of Professional Services.
With a 20+ year track record of leading teams delivering complex
technical services projects and software technology solutions, his
experience in the Defense, Satellite Telecommunications, Management
Consulting, and Nuclear Sectors make him an ideal fit for the
role.
- Mr. Kyle Loudermilk has submitted a letter of resignation
to the Board of Directors and will remain with the company through
May 31, 2024 to assist in a seamless
transition.
"The Board and I are committed to a smooth transition of the
company's leadership," said Kathryn
O'Connor Gardner, Chair of the Board of Directors of GSE.
"The Board identified Ravi as a potential successor for
Kyle Loudermilk several years ago
and have been pleased with his continued growth. After conducting a
review of best fit candidates for the role of President and CEO,
the Board reaffirmed that Ravi is the ideal candidate as GSE's
leader moving forward. His professional experience at GSE over
the past eight years and in prior roles, his leadership skills,
intellect, energy, and business acumen make him a great fit. On
behalf of the Board, I would like to thank Kyle Loudermilk for
his leadership and contributions in transforming GSE and supporting
the company's seamless transition to new leadership. We wish Kyle
all the best on his future endeavors."
"I'm beyond grateful for my new role at GSE, appreciative of the
Board's confidence in me, and enthusiastic about our journey
ahead," said Ravi Khanna, President and CEO of GSE. "I have
been with GSE for eight years and I am excited about the talent we
have and the opportunity to boldly move forward and capitalize on
the many opportunities unfolding in the nuclear and defense sectors
that we serve, and adjacencies. I also want to personally thank
Kyle Loudermilk for leading the
company to this point and transitioning when the company is in a
solid position to move forward."
"After nine years as CEO, I felt now was an opportune time for a
transition in leadership for GSE," said Kyle Loudermilk, outgoing President and CEO of
GSE. "I care deeply for the company, its employees, and its
customers. Having transformed the business into a technology
licensing and engineering services solutions provider, and after
managing through the challenges in the sector triggered by the
pandemic, I feel the company is poised to deliver solid results
this year and beyond under Ravi's leadership. I am thrilled to
see Ravi assume this role. He is the right person, at the
right time to take the reins of leadership. As a top shareholder of
the company, I have a vested interest in GSE's ongoing
success, and I have the utmost confidence that Ravi and his team
will do great things."
ABOUT GSE SOLUTIONS
Proven by more than 50 years of experience in the nuclear power
industry, GSE knows what it takes to help customers deliver
carbon-free electricity safely and reliably. Today, GSE Solutions
leverages top talent, expertise, and technology to help energy
facilities achieve next-level power plant performance. GSE's
advanced Engineering and Workforce Solutions divisions offer highly
specialized training, engineering design, program compliance,
simulation, and technical staffing that reduce risk and optimize
plant operations. With more than 1,100 installations and hundreds
of customers in over 50 countries, GSE delivers operational
excellence. www.gses.com
Media Contact
Sunny DeMattio
GSE Solutions
Director of Marketing &
Communications
sunny.demattio@gses.com
Direct: +1 410.970.7931
Investor Contact
Adam Lowensteiner
Vice President
Lytham
Partners
gvp@lythampartners.com
Direct: +1 646.829.9702
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SOURCE GSE Systems, Inc.