Ciris Energy to Transition Leadership Roles in Q3 2013 Business Wire CENTENNIAL, Colo. -- August 9, 2013 Ciris Energy is pleased to announce that Greg Jenkins, currently COO of the company, will assume the role of CEO effective August 16. Concurrently, Jay M. Short, PhD, the company’s current CEO will become Chairman of the Board, while continuing to actively support the company's business and science activities. Mr. Jenkins has served as the company’s Chief Operating Officer since Nov. 2012. Prior to joining Ciris, Greg has served in various executive roles including President, Chief Executive Officer, Executive Vice President, and Chief Financial Officer of several corporations including Jenkins Resources, LLC; Syntroleum Corporation; El Paso Corporation; Santa Fe Energy Company; and Hadson Corporation, where he was nominated as Financial World’s Chief Executive Officer of the Year. His industry experience spans oil and gas exploration and production, natural gas gathering, processing and marketing, power generation, refining and chemical operations, as well as project and corporate financings. Dr. Short has been director of Ciris since the company’s founding and has served as CEO since 2011. During his tenure as CEO, the company advanced its lead ISBC technology to a regulatory-approved, commercial-scale project in the Powder River Basin in Wyoming and achieved key milestones for advancing its complementary coal to biogas and chemicals platform, Ex Situ Bioconversion (ESBC). During this same period Dr. Short continued to serve as Chairman of BioAtla, LLC in San Diego and Beijing. Prior to founding BioAtla, Dr. Short was founder and President of the E.O. Wilson Biodiversity Foundation, and cofounder, CTO and CEO of Diversa Corp., VP R&D and Operations of Stratagene and Pres. of Stratacyte. Mr. Jenkins remarked, “Ciris has a substantial opportunity to change the face of the energy landscape both in terms of low-cost production of natural gas from coal resources and via low-cost conversion of coal into industrial chemicals. I am happy to have the opportunity to lead the company as CEO and to continue to work with Jay and the rest of the board in realizing this opportunity.” Dr. Short added, “I look forward to continuing to work with the company in my new capacity as Chairman. This transition provides me with more time for my various activities and business obligations. I look forward to continuing to collaborate with Greg and the team in our new respective capacities.” Joshua Ruch, current Chairman of the Board of Ciris, noted, “The company has made substantial strides in developing its technology and business prospects under Jay’s leadership and direction. We respect his desire to transition the role, and are pleased that he has agreed to serve as Chairman and to actively work with Greg and the team. Greg’s industrial leadership experience is well suited for the company as it transitions to commercializing its innovative ESBC and ISBC platforms.” Mr. Ruch concluded, “We are excited to be able to continue to access the talents of both Greg and Jay as Ciris continues to pioneer in the application of biotechnology-based, cost-effective, natural solutions for producing natural gas and chemicals from coal.” About Ciris Energy, Inc. Ciris Energy, Inc., a private company founded in 2007 and headquartered in Centennial, Colorado, USA, is focused on enhanced natural gas production from low-rank coals worldwide. Ciris Energy uses scientific innovation to effectively harvest untapped energy resources that traditional methods leave behind. Ciris is developing two independent technologies to efficiently convert low-rank coals to natural gas. The first method, ISBC (In-situ Bioconversion process), is a natural process that activates indigenous microbes in coal seams. The second, ESBC (Ex-situ Bioconversion process), combines coal sizing and depolymerization technology with microbial bioconversion to generate methane and chemicals from mined coal. Both methods reduce the cost of energy production and are environmentally friendly compared to traditional methods. By rejuvenating unproductive coal territories through proprietary technologies that stimulate and optimize natural occurring processes, Ciris Energy is leading the way to efficiently produce natural gas through clean and sustainable methods. Contact: Ciris Energy, Inc. Milan Hall, 303-649-2000 email@example.com
Ciris Energy to Transition Leadership Roles in Q3 2013
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