General Enterprise Ventures Appoints Accomplished Entrepreneur and Wildfire Industry Leader, Wes Bolsen, as Chief Executive Officer
GMGM(US:GM) Businesswire·2025-10-01 17:04

Core Insights - General Enterprise Ventures, Inc. has appointed Wes Bolsen as the new Chief Executive Officer, succeeding Ted Ralston, who will transition to Chairman of the Board [1][3]. Company Overview - General Enterprise Ventures, Inc. operates through its subsidiary Mighty Fire Breaker, LLC, offering a range of non-toxic and environmentally safe wildfire defense solutions, including home defense systems and fire-resilient building products [5]. Leadership Transition - Wes Bolsen brings over 20 years of experience in high-growth companies, particularly in wildfire protection, having co-founded LaderaTech and played a key role in its sale to Perimeter Solutions, which later went public with a valuation of $2 billion [2]. - Ted Ralston emphasized Bolsen's unique combination of entrepreneurial vision and industry knowledge, which is expected to help position CitroTech by MFB as a leader in wildfire prevention [3]. Strategic Focus - The company aims to expand into new markets and form strategic partnerships to enhance the adoption of its wildfire defense solutions [3]. - Bolsen expressed confidence in the potential of CitroTech to revolutionize fire prevention and protection, highlighting its advantages over traditional fire retardants and defense systems [3]. Product Information - Mighty Fire Breaker's CitroTech fire inhibitor is recognized as the only fire inhibitor designated as EPA Safer Choice and has received UL GREENGUARD GOLD certification, indicating its safety and environmental benefits [6].