GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
On April 17, 2019, Robert J. Anderson resigned as director to focus on other professional and philanthropic endeavors. Mr. Anderson resignation was not the result of any disagreement between Mr. Anderson and the company on any matter relating to our operations, policies, or practices. Mr. Anderson will remain as a consultant to the company.
Also on April 17, 2019, our board of directors appointed Mark Gantar to our board. Mr. Gantar is the Managing Director at US WTE Investments and is responsible for business and corporate development in Africa specializing in Foreign Direct Investment. Mr. Gantar develops and manages relationships with Africa sovereigns, banks and local corporations active in Africa. Mr. Gantar is also the President and founder of Arcsoft Consulting, which is an IT services organization that focuses on business intelligence and training for Government agencies. In addition to his businesses, Mr. Gantar is the Honorary Consul for Ethiopia in Seattle. His passion for Ethiopia and Africa as a whole has been demonstrated by his relentless commitment to bringing relevant technology to Ethiopia in impactful and cost-effective methods utilizing public private partnerships. His international experiences include large-scale technology and energy related projects in Africa and numerous training and content engagements in India, Europe, and Asia. In his diplomatic role as Honorary Consul for Ethiopia, he has international experience with overseas business operations and foreign direct investment. He has a strong track record of performance in turning around or building organizations by applying modern technology to enhance business operations.
Also on April 17, 2019, our board of directors appointed Burak Erten to our board. Mr. Ertens background is in structured finance and investment banking with a specialization in de-risking projects and converting project risk to credit risk. He is also a specialist in off-the-balance-sheet funding techniques for banks and has experience in fund structuring. Mr. Erten has also innovated various financial products including off-plan mortgage products in the Turkish Banking system. Another area of interest for Mr. Erten has been real estate development and real estate investment banking. Mr. Erten has advised numerous governments in structuring investment treaties and coming up with unique bilateral fund designs with tailor made financial architecture. Previously and currently, Mr. Erten has served in various roles in financial and business groups in multiple countries in the capacity of CEO, Board of Director and Executive Board Member as well as advisory roles.
About GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH)
Green EnviroTech Holdings Corp., formerly Wolfe Creek Mining, Inc., is a green technology company. The Company has developed a process to produce Brent Grade type oil by using reactor conversion technology, the Green Envirotech (GETH) Process, by utilizing a mixture of waste plastic and waste tires. The conversion process uses pyrolysis technology with additional distillation applications. The GETH Process is a system to convert waste plastics and end of life tires to oil. The process uses electromagnetic pyrolysis to produce oil and syngas when processing the plastic feedstock. The process produces oil, carbon black, steel and syngas along with approximately 45% by weight yield of oil, when processing tires. The use of electromagnetic pyrolysis facilitates gasification. A full-scale plant processing tires consumes approximately 200 tons of feedstock per day and produces over 200,000 barrels of blend-stock oil yearly.