Amyris Announces Transition of Chief Financial Officer
Paulo Diniz, Current President of Brazil Operations, to Become Amyris's CFO
Upon Retirement of Steve Mills in December
EMERYVILLE, Calif., Nov. 15, 2013 (GLOBE NEWSWIRE) -- Amyris,
Inc.(Nasdaq:AMRS),a leading renewable chemicals and fuels company, today
announced that PauloDiniz, currently President of Amyris Brasil, will become
Amyris's ChiefFinancial Officer (CFO) on an interim basis following the
decision of itscurrent CFO,Steve Mills, to step down for personal reasons.
Mr. Diniz willassume the new responsibilities by December 15, 2013, at which
timeMr. Mills willtransition to an advisory role with the Company. Amyris
hasbegun an executive search to evaluate potential internal and
externalcandidates to permanentlyfill the position.
"Paulo's proven track record as a CFO for leading companies and his executive
leadership as we financed, built,commissioned and now operate our
firstproduction facility in Brazil are justsome of the strong credentials
for his appointment and as we prepare to enter apromising year for Amyris,"
said John Melo,President & Chief ExecutiveOfficer of Amyris.
"Over the last two years, Steve has helped guide usthrough a difficult
restructuring, and has setus on stronger financial footing and a stable
growth platform. Steve has built a strong finance and accounting team and
established a robust financial discipline within our company. We wish him well
as he returns to the Midwest,and the board and I look forward to his
continuingcounsel," Melo added.
"I am more confident today about Amyris's brightfuture than ever before, from
its inspired science to its breakthroughrenewable products. I look forward
tocontinuing to support Amyris through myadvisory role, and know Paulo is a
eminently prepared for this new stage in Amyris's progress as is the team we
havebuilt in California and Brazil," said Mr.Mills.
Mr. Diniz willbecome Amyris's Chief Financial Officer upon Mr. Mills'
resignation. He joinedAmyris as President of the Company's Brazilian
subsidiary in early 2011,following asuccessful career as, among other
things, the CFO of two agribusiness leaders:Bunge Brasil and Cosan. At Cosan,
Mr. Dinizled the successfultransformation of Cosan into Brazil's largest
sugar andbiofuel producer, including its initial public offering and
multipleacquisitions that paved the way forRaizen, Cosan's fuels joint
venture inBrazil with Shell.
Amyris is an integrated renewable products company focused on providing
sustainable alternatives to a broad range of petroleum-sourced products.
Amyris uses its industrial synthetic biology platform to convert plant sugars
into a variety of molecules -- flexible building blocks that can be used in a
wide range of products. Amyris's initial portfolio of commercial products is
based on Biofene^®, Amyris's brand of renewable farnesene, a long-chain
hydrocarbon. Amyris is commercializing these products both as No Compromise^®
renewable ingredients in cosmetics, flavors and fragrances, polymers,
lubricants and consumer products, and also as No Compromise renewable diesel
and jet fuel. Amyris Brasil Ltda., a subsidiary of Amyris, oversees the
establishment and expansion of Amyris's production in Brazil. More information
about Amyris is available at www.amyris.com.
This release contains forward-looking statements, and any statements other
than statements of historical facts could be deemed to be forward-looking
statements. These forward-looking statements include, among other things,
statements regarding future events (such as executive transition plans) that
involve risks and uncertainties. These statements are based on management's
current expectations and actual results and future events may differ
materially due to risks and uncertainties, including those associated with any
delays or failures in development, production and commercialization of
products, liquidity and ability to fund capital expenditures, Amyris's
reliance on third parties to achieve its goals, and other risks detailed in
the "Risk Factors" section of Amyris's quarterly report on Form 10-Q filed on
November 5, 2013. Amyris disclaims any obligation to update information
contained in these forward-looking statements whether as a result of new
information, future events, or otherwise.
Amyris, the Amyris logo, Biofene and No Compromise are trademarks or
registered trademarks of Amyris, Inc.
CONTACT: Amyris, Inc.
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