Cambridge, Mas
October 7, 2008
Verenium Corporation (Nasdaq: VRNM), a pioneer in the
development of next-generation cellulosic ethanol and
high-performance specialty enzymes, today announced the
appointment of Gregory Powers, Ph.D., to the position of
Executive Vice President, Research and Development. Powers will
report directly to Carlos A. Riva, Verenium's President and
Chief Executive Officer.
"Greg brings over 30 years of valuable research and development,
manufacturing and business development experience from leading
global technology companies," said Carlos A. Riva, President and
Chief Executive Officer of Verenium. "He is a critical addition
to our executive team, and we look forward to partnering with
him to strengthen our R&D platform, enabling us to maintain a
leadership position in the development of cellulosic ethanol and
high-performance specialty enzymes."
Prior to joining Verenium, Powers was Vice President of Global
Engineering at United Technologies Corporation's Carrier
division. He was responsible for all engineering activity and
strategy development supporting core innovation for the company.
Previously, Powers held various positions with General Electric
Company including specialty materials, lighting and plastics. He
was Global Technology Director for GE Betz where he led product
and process development for a $1B global water and process
treatment chemicals and services business. Prior to that, he
worked as Global General Manager of Technology creating high
tech product offerings and manufacturing processes and as Global
Technology Manager for GE Plastics, Structured Products.
Powers currently sits on the Board of Directors for The Center
of Excellence in Environmental and Energy Systems at Syracuse
University. He received a B.S., M.S. and Ph.D. in Chemical
Engineering from the University of Pennsylvania, and completed
graduate studies in Chemical Engineering at Stanford University.
Verenium Corporation is a leader in the development and
commercialization of cellulosic ethanol, an
environmentally-friendly and renewable transportation fuel, as
well as high-performance specialty enzymes for applications
within the biofuels, industrial, and health and nutrition
markets. The Company possesses integrated, end-to-end
capabilities in pre-treatment, novel enzyme development,
fermentation, engineering, and project development and is moving
rapidly to commercialize its proprietary technology for the
production of ethanol from a wide array of feedstocks, including
sugarcane bagasse, dedicated energy crops, agricultural waste,
and wood products. In addition to the vast potential for
biofuels, a multitude of large-scale industrial opportunities
exist for the Company for products derived from the production
of low-cost, biomass-derived sugars.
Verenium's Specialty Enzyme business harnesses the power of
enzymes to create a broad range of specialty products to meet
high-value commercial needs. Verenium's world class R&D
organization is renowned for its capabilities in the rapid
screening, identification, and expression of enzymes-proteins
that act as the catalysts of biochemical reactions. |
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