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Verenium Announces Organizational Change
News

Verenium Announces Organizational Change

Verenium Announces Organizational Change
News

Verenium Announces Organizational Change

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Verenium Corporation has announced that following the successful commissioning of Verenium’s demonstration scale facility in Jennings, Louisiana, and the recent announcement of a commercial joint venture with BP, Verenium is now consolidating its research and development (R&D) organization, including the pilot and demonstration-scale biofuels operations in Jennings, Louisiana, under Gregory Powers, Ph.D., Executive Vice President, R&D.

This new organizational structure provides Verenium with a set of integrated R&D assets from the laboratory through a 1.4 million-gallon-per-year demonstration-scale facility for development, implementation and testing of its biofuels technologies.

As a result of this organizational change, John R. Malloy, Executive Vice President of Biofuels, has left the Company to pursue other opportunities. He will continue to serve as a consultant to the Company.

“I’d like to thank John for his leadership, dedication and significant contributions to Verenium’s biofuels development efforts; we wish him all the best and continued success in his future endeavors,” said Carlos A. Riva, President and Chief Executive Officer of Verenium.
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