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From the Desk of the CEO






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Board of Directors 

Mirenco’s Board of Directors consists of 4 members: one of which is in management—Dwayne Fosseen —and three from outside the Company.  The three outside members are Don Williams, a major investor, Tim Neugent, who has significant marketing expertise, and Merlin “Mert” Hanson, who brings significant SEC reporting and compliance expertise to the Board.

Donald Williams is a lifelong resident of Williams, Iowa.  He has been involved in the grain business and is a major producer of livestock.  Mr. Williams has also been associated with real estate as a licensed associate.  He has served as an officer of the County Farm Bureau Board, Heart of Iowa Realtors Board, and the County Compensation and Extension Board.  A director of the Company since June 1, 1998, Don is also a veteran of the Korean War. 

Tim Neugent has an extensive background in sales and marketing.  Through his sales and marketing endeavors, Tim brings to Mirenco a wealth of knowledge and a large network of Iowa contacts he has established over the years.  He is an entrepreneur and was awarded in 1996, the “Ernst & Young Entrepreneur of the Year” which acknowledged his successes as founder of several companies.  Tim has recently established a successful consulting company which focuseses on marketing for Fortune 500 companies such as Harley-Davidson, Ford, GMC, Honda and others.  He is currently Chairman of the Small Business Development Group for Des Moines Chamber/Partnership and has been involved with many charitable and economic development organizations.

Merlin “Mert” Hanson, who resides in Des Moines, brings to Mirenco his financial expertise as well as a solid network of individuals within Iowa with who he has business relationships.  Mert was a partner at the nation’s eighth largest accounting firm, McGaldrey & Pullen, and has worked for this prominent firm for more than 30 years.  He has in-depth knowledge of SEC regulations and extensive experience with public offerings and SEC reporting requirements.  Mert has served on many charitable and economic development organizations, including the Golden Circle Business Center and the Golden Circle Loan Guaranty Fund.  He was a consultant to the Iowa Department of Economic Development and was Past Chairman of Goodwill International.


Mirenco’s management team is highly experienced in the areas of mature companies and in developing organizations.  Each member of the team brings specific expertise in their area as well as diversified business experience.

Dwayne Fosseen, Chief Executive Officer and Chairman of the Board of Directors, has been involved in many entrepreneurial ventures which have all evolved into creating Mirenco.

Glynis Hikes, Chief Financial Officer has 11 years of experience in the accounting field.

Daniel Bina, Chief Operating Officer and Senior Engineer, who has a diverse background in chemical and mechanical engineering, has five years of experience in combustion management.


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