Cool Planet Energy Systems Appoints Barry L. Rowan as Chief Financial
CAMARILLO, Calif. -- December 11, 2012
Cool Planet Energy Systems announced today that Barry L. Rowan will be joining
the company in the role of Executive Vice President and Chief Financial
Officer. Mr. Rowan brings to Cool Planet more than thirty years of experience
in building and turning around sizable technology companies in a variety of
“Barry is a seasoned financial executive with a proven blend of strategic and
operational experience,” said Cool Planet President & CEO, Howard Janzen.
“Barry brings to Cool Planet a successful track record ofleadership and
strong execution. We look forward to his contributions as our company moves
from its development phase through the large scale commercialization of
sustainable carbon negative gasoline.”
Mr. Rowan said, “I am thrilled at the prospect of joining the Cool Planet
team. The company is well-positioned to achieve significant scale in a short
period of time, while simultaneously contributing to society in meaningful
ways through its disruptive technology.”
Prior to joining Cool Planet, Mr. Rowan served as EVP, CFO and Chief
Administrative Officer for Vonage Corporation, a $900 million Internet
communications company. As part of the executive team at Vonage, Mr. Rowan
contributed to a comprehensive financial and operational turnaround at the
company, resulting in significantly increased shareholder value. Mr. Rowan
will step down from his position at Vonage effective upon the Company’s filing
of its 2012 Form 10-K in February 2013, and will begin his role as CFO of Cool
Planet on February 15, 2013.
Previously Mr. Rowan served as EVP, Chief Financial Officer and Treasurer with
Nextel Partners, a Fortune 1000 company whose equity value grew from $2
billion to over $9 billion under Mr. Rowan’s leadership, culminating in its
sale to Sprint for $10 billion in June of 2006. Mr. Rowan received a Master’s
of Business Administration from Harvard University, and his B.S. summa cum
laude in Chemical Biology and Business Administration from The College of
In October, Cool Planet announced it was the first company to produce
carbon-negative biofuel for less than $1.50 per gallon. Using a patented
mechanical process and unique scaling approach, the Camarillo, CA, based
renewable fuel company converts non-food biomass into high-octane gasoline
that can run in any vehicle on the road today without the need for government
subsidies. The process actually removes carbon from the atmosphere during the
course of production.
Cool Planet’s technology has attracted investors including General Electric,
Google Ventures, BP, ConocoPhillips, NRG and the Constellation Energy division
of Exelon. For more information, visit www.coolplanetbiofuels.com.
About Cool Planet
Cool Planet has developed ground breaking, disruptive technology that
economically converts non-food biomass into sustainable, high-octane gasoline.
Cool Planet’s technology is based on nine accelerated patents. Biomass is
processed through a mechanical biomass fractioning system that uses pressure
and heat to create a series of useful volatile components that then go through
proprietary catalytic systems to make high octane fuel. The process also
captures the carbon to create a byproduct, biochar, which is an inert carbon
that enhances soil quality through improved water retention and thereby
increasing crop production. This carbon negative process removes atmospheric
carbon to reverse the effects of fossil fuel consumption resulting in up to
150% carbon footprint reduction for every gallon used.
Connect with Cool Planet on Facebook at facebook.com/CoolPlanetEnergySystems,
on Twitter at twitter.com/CoolPlanetFuels and at www.coolplanet.com
Cool Planet Energy Systems, Inc.
Mike Rocke, 408-421-9455
VP Business Development
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