Decisive Dividend Corporation Announces Management Transition at Hawk Machine Works Ltd.
Kelowna, British Columbia – TheNewswire - January 24, 2022 – Decisive Dividend Corporation (TSXV:DE) (the “Corporation” or “Decisive”) is pleased to announce the appointment of Tim Stewart as the President of Hawk Machine Works Ltd. (“Hawk”), a wholly-owned operating subsidiary of the Corporation, effective January 31, 2022.
Tim is a seasoned operations and business development professional, with a career spanning 20 years of experience in leading operations and project management in remote locations including China, Western Canada, and the Beaufort Sea. Tim was the Founder, President and CEO of Maverick Downhole Technologies, based in Edmonton, Alberta, which he built from a startup to $10 million in revenue from 2014 to 2020. Tim has extensive knowledge of product development, including achieving product patent success, and has worked successfully in the past to partner strategically with management and stakeholders to identify projects that drive business profitability. He also has a proven ability to establish and direct global expansion including business development success in various countries and is an adept leader with comprehensive knowledge and experience in resource development.
Decisive is also pleased to announce that, as a result of this hiring, Duane Klassen, the Founder and current President of Hawk, will be transitioning into a new role focusing on key client relationships.
Jeff Schellenberg, Chief Executive Officer of Decisive, noted:
“We are extremely excited to bring someone of Tim’s calibre into the President’s role at Hawk. Tim brings a tremendous amount of experience and exposure to a variety of products and geographies that will be instrumental in building on Hawk’s already strong capabilities. We would also like to thank Duane Klassen, who built Hawk from a startup into the tremendous success it is today. We have worked very closely with Duane since the acquisition of Hawk in 2018, including during this search process, and look forward to working with Tim and Duane in the next phase of Hawk’s journey.”
Duane Klassen, Founder and current President of Hawk, stated:
“When I founded Hawk 20 years ago, I never dreamed that it would become what it is today. Growing it from a small startup to what it is today was both challenging and rewarding. Having worked with Decisive for three years since they acquired Hawk, I’m confident that Hawk is in good hands moving forward. Now that we have found the right person to lead Hawk, I am grateful for this opportunity to step back from day-to-day management of the company and focus on some of the key relationships that have been so critical to Hawk’s success. Tim brings an excellent background and future-focused vision to the business, and I look forward to working with him at Hawk as we execute on that vision for the benefit of Decisive shareholders.”
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focused on opportunities in manufacturing. The Corporation’s purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership.
For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeff Schellenberg, Chief Executive Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
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