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Published on: 10/13/2008
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H2Diesel Announces Appointment of Michael Burstein as Chief Financial OfficerHouston Manufacturers - H2Diesel Announces Appointment of Michael Burstein as Chief Financial Officer
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H2Diesel Announces Appointment of Michael Burstein as Chief Financial Officer PrintE-mail
HOUSTON, Sept. 11 /PRNewswire-FirstCall/ -- H2Diesel Holdings, Inc. (BULLETIN BOARD: HTWO) today announced the appointment of Michael Burstein as Chief Financial Officer.
Mr. Burstein has a diverse background in finance that spans over 15 years.Previous to his appointment at H2Diesel, he served as the Chief Financial Officer and Vice President of Operations for S2 Systems, a leading supplier of enterprise payment transaction solutions for the financial services sector, where he was responsible for managing all of the Company's financial, legal, consulting services, and human resource activities on a global basis.Additionally, Mr. Burstein held the position of Chief Financial Officer for Navini Networks, a leading provider of Mobile WIMAX(TM) solutions, where he oversaw all of the company's financial operations on a worldwide level.
He also served as Chief Financial Officer and Head of Global Operations for EXE Technologies, a developer and supplier of supply chain execution software for e-commerce and traditional businesses, where he managed all of the company's financial and operational activities worldwide and assumed direct responsibility for the company's domestic services and support organization of over 220 professionals.At EXE, he oversaw the growth to over $115 million in annual revenues and spearheaded the company's successful initial public offering in August, 2000.
Mr. Burstein was also the Vice President, Chief Financial Officer, and Chief Operating Officer of Sequel Systems and Vice President and CFO of Paradigm Geophysical Limited where his duties included budgeting, forecasting, internal and external reporting, investor relations, and mergers and acquisitions.
Earlier in his career, he worked at Occidental Chemical Corporation as a Senior Financial Analyst and then worked his way up to Manager in their corporate energy group, where he was responsible for managing the acquisition of natural gas, electricity, steam and fuel oil for company-owned manufacturing plants.At Occidental, Mr. Burstein was responsible for evaluating and developing cogeneration opportunities, representing the company's interests before regulatory agencies, negotiating power sales agreements and overseeing the corporate energy efficiency program.
Mr. Burstein holds a Master of Business Administration and Bachelor of Science in Electrical Engineering from Southern Methodist University.
"We're very excited to have an individual with the depth and breadth of experience that Michael Burstein has as our CFO," stated David Gillespie, President and Chief Executive Officer of H2Diesel.
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Mr. Burstein commented, "I'm looking forward to joining the H2Diesel team.
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