San Diego, California
January 7, 2003
Diversa Corporation (Nasdaq: DVSA) announced today the
appointment of Edward T. Shonsey as Senior Vice President,
Internal Development. He joins Diversa from Syngenta Seeds Inc.,
a leading plant biology and genomics company, where he served as
President.
Mr. Shonsey has more than 20 years of experience leading the
development and commercialization of new products. Earlier while
at Novartis and subsequently at Syngenta, Mr. Shonsey was
responsible for leading research, product development, and
regulatory teams to develop new product lines and to access new
markets. In addition, he was responsible for the oversight of
numerous governmental and regulatory registrations. Mr.
Shonsey's extensive business experience includes the founding of
Global Trading Resources, an international trade corporation. He
also served in executive financial and operations positions with
Pioneer Hi-Bred International, a $1.3 billion plant biology
company (now a subsidiary of DuPont), and Proctor & Gamble. Mr.
Shonsey received his MBA from Creighton University, and his BSEE
from Marquette University.
"Ed brings with him an outstanding record of achievements in
applying genomics technologies to the development of new
products," said Jay M. Short, Ph.D., President and Chief
Executive Officer of Diversa. "We are delighted to have Ed join
the Diversa team."
Diversa Corporation is a leader in applying proprietary
genomic technologies for the rapid discovery and optimization of
novel products from genes and gene pathways. Diversa is
directing its integrated portfolio of technologies to the
discovery, evolution, and production of commercially valuable
molecules with pharmaceutical applications, such as optimized
monoclonal antibodies and orally active drugs, as well as
enzymes and small molecules with agricultural, chemical, and
industrial applications. The Company has formed significant
joint ventures with The Dow Chemical Company (named Innovase
LLC) and with Syngenta Seeds AG (named Zymetrics, Inc.) focused
on near-term commercialization of products for the industrial
and agricultural markets, respectively. In addition, the Company
has formed alliances with market leaders, such as Celera
Genomics, The Dow Chemical Company, DuPont Bio-Based Materials,
GlaxoSmithKline plc, Invitrogen Corporation, and Syngenta
Biotechnology, Inc.
Additional information is
available at Diversa's website:
www.diversa.com. In addition, Diversa recently announced
that it had entered into a series of agreements with Syngenta
Participations AG pursuant to which it and Syngenta will, among
other actions, form a broad collaboration to establish a shared
biotechnology research platform and to discover products.
Consummation of Diversa's proposed transactions with Syngenta is
subject to the approval of federal regulators under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended, as well as approval of Diversa stockholders, among
other conditions. The press release announcing Diversa's
agreements with Syngenta has been filed as an exhibit to a
Current Report on Form 8-K that Diversa filed with the
Securities and Exchange Commission, or SEC, on December 4, 2002.
Where You Can Find Additional Information About Diversa's
Proposed Transactions With Syngenta
Diversa has filed a preliminary proxy statement concerning its
proposed transactions with Syngenta with the SEC. Investors and
security holders are advised to read the preliminary proxy
statement related to the proposed transactions, because it
contains important information related to the transactions.
Investors and security holders may obtain a free copy of the
preliminary proxy statement and other documents filed by Diversa
with the SEC at the SEC's website at
http://www.sec.gov. The
preliminary proxy statement and any other documents filed by
Diversa with the SEC may also be obtained free of charge from
Diversa by directing such request to Diversa Corporation, 4955
Directors Place, San Diego, CA 92121, Attn: Investor Relations,
or by calling Diversa at (858) 526-5000 or e-mailing Diversa at
information@diversa.com.
Diversa will file a definitive proxy statement with the SEC
relating to its proposed transactions with Syngenta prior to the
consummation of those transactions, which may contain additional
or different information from that contained in the preliminary
proxy statement. Investors and security holders are advised to
read the definitive proxy statement when it becomes available
because it will contain important information relating to
Diversa's proposed transactions with Syngenta. The definitive
proxy statement (when available) may be obtained from the same
sources as are described above with respect to the preliminary
proxy statement.
Information Concerning Participation In Diversa's Proxy
Solicitation
Diversa and its executive officers and directors may be deemed
to be participants in the solicitation of proxies from the
stockholders of Diversa with respect to Diversa's proposed
transactions with Syngenta. Information regarding such executive
officers and directors is included in Diversa's Proxy Statement
for its 2002 Annual Meeting of Stockholders filed with the SEC
on April 2, 2002. This document is available free of charge at
the SEC's website at
http://www.sec.gov. Investors and security holders may
obtain additional information about the interests of the
executive officers and directors of Diversa in Diversa's
proposed transactions with Syngenta by reviewing the preliminary
proxy statement related to those transactions that has been
filed with the SEC, and, when it is available, the definitive
proxy statement related to those transactions that will also be
filed with the SEC.
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