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. About Amyris 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. Forward-Looking Statements 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. Joel Velasco (510) 740-7481 email@example.com company logo
Amyris Announces Transition of Chief Financial Officer
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