Bio-Industry Veteran Greg Roda Joins Gevo
ENGLEWOOD, Colo., Sept. 5, 2013 (GLOBE NEWSWIRE) -- Gevo, Inc. (Nasdaq:GEVO)
announced today that Greg Roda has joined the company as Chief Commercial
Officer. In this role, Roda will be responsible for all business development
activities for the Company.
"Greg's background is ideally suited to leading commercial development at Gevo
because it cuts across organization of supply chains, value added selling,
customer partnerships, and renewable chemicals and materials," stated Dr.
Patrick Gruber, CEO of Gevo. "Greg is a proven leader."
"Isobutanol has huge market potential cutting across oxygenated fuels,
hydrocarbon fuels, plastics, films, fibers, and other materials," said Greg
Roda."I'm pleased to be joining and I expect to make a significant
contribution to the success of Gevo."
Roda comes to Gevo with more than 17 years of strategic leadership, business
development, research and product development in bio-based materials. Most
recently, Roda was Chief Executive Officer of Outlast Technologies, Inc. from
2007 to 2012, a privately funded technology company that develops, licenses,
and markets phase change materials for use in temperature regulating fabrics,
packaging and industrial materials.Prior to Outlast, Roda was with
Natureworks as a Business Development Executive overseeing commercialization
of polylactic acid in the fiber and textile industry. In this role he was
responsible for building a global supply chain, creating market pull-through
with downstream customers, and negotiating contracts to align the interests of
Natureworks and its partners.He also led a team in developing the business
strategy for the Company.From 1996 to 2002 he was with Cargill's Strategy and
Business Development Group spending 4 years in Singapore with a focus on
building Cargill's palm oil plantation business through acquisition and
Roda holds a BS in Mechanical Engineering from the University of Michigan and
an MBA with a concentration in International Business and Finance from the
University of Chicago.
Gevo is a leading renewable chemicals and next-generation biofuels company.
Gevo's patent-protected, capital-light business model converts existing
ethanol plants into biorefineries to make isobutanol. This versatile chemical
can be directly integrated into existing chemical and fuel products to deliver
environmental and economic benefits. Gevo started up its first commercial
isobutanol facility in Luverne, Minn. and has a marquee list of partners
including Coca-Cola, Sasol, and LANXESS, among others. Gevo is committed to a
sustainable biobased economy that meets society's needs for plentiful food and
clean air and water. For more information, visit www.gevo.com.
Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include statements that are not
purely statements of historical fact, and can sometimes be identified by our
use of terms such as "intend," "expect," "plan," "estimate," "future,"
"strive" and similar words. These forward-looking statements are made on the
basis of the current beliefs, expectations and assumptions of the management
of Gevo and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking statements.
All such forward-looking statements speak only as of the date they are made,
and the company undertakes no obligation to update or revise these statements,
whether as a result of new information, future events or otherwise. Although
the company believes that the expectations reflected in these forward-looking
statements are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially from what may
be expressed or implied in these forward-looking statements. For a further
discussion of risks and uncertainties that could cause actual results to
differ from those expressed in these forward-looking statements, as well as
risks relating to the business of Gevo in general, see the risk disclosures in
the Annual Report on Form 10-K of Gevo for the year ended December 31, 2012,
as amended, and in subsequent reports on Forms 10-Q and 8-K and other filings
made with the SEC by Gevo.
CONTACT: Media Contact:
T: (303) 815-4478
T: (720) 267-8615
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