ENGLEWOOD, Colo., April 03, 2018 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), announced today the appointment of Tim Cesarek to the newly created position of Executive Vice President and Chief Commercial Officer. Mr. Cesarek brings over 20 years of knowledge and experience in strategic and commercial transactions, with 15 years in the field of renewable resource based fuels and chemicals. In addition to overseeing Gevo’s commercial development of its fuel and chemical products, Mr. Cesarek is expected to develop and close deals with strategic customers and partners.
Mr. Cesarek, who most recently served as Senior Vice President Global Business Development at Enerkem Inc., is a veteran in the field of renewable resource based fuels and chemicals. In addition to Enerkem, Mr. Cesarek’s prior work experience includes:
- Managing Director, WM Organic Growth Group and WM Organic Recycling; Waste Management, Inc.
- President, Koch Genesis and Managing Director, Koch Equity Development; Koch Industries, and
- Serving as an Advisor, Board Director, or Observer for a variety of equity funds, investment groups and companies in the renewables industry
“I am pleased and excited to be joining Gevo. I’ve been in the renewables industry for a long time, and Gevo has something no one else does. Gevo’s proven commercial process produces valuable proteins that help feed the world while maintaining a leading comparative advantage in the production of low-carbon fuels and chemicals. This combination leads to the sustainable production of fuels and chemicals that will find their way into many different products,” said Tim Cesarek.
“Tim’s reputation and track record of results are impressive. He’s done lots of strategic customer deals, in addition to strategic investment deals. He gets stuff done. He is known as a ‘Rainmaker’ for his ability to get deals done. I‘m looking forward to him bringing that ability into play at Gevo,” said Dr. Patrick Gruber, Gevo’s Chief Executive Officer.
Gevo is a leading renewable technology, chemical products, and next generation biofuels company. Gevo has developed proprietary technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstocks. Gevo’s strategy is to commercialize bio-based alternatives to petroleum-based products to allow for the optimization of fermentation facilities’ assets, with the ultimate goal of maximizing cash flows from the operation of those assets. Gevo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Luverne, MN. Gevo has also developed technology to produce hydrocarbon products from renewable alcohols. Gevo currently operates a biorefinery in Silsbee, TX, in collaboration with South Hampton Resources Inc., to produce renewable jet fuel, octane, and ingredients for plastics like polyester. Gevo is committed to a sustainable bio-based economy that meets society’s needs for plentiful food and clean air and water. Learn more at our website: www.gevo.com.
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, statements related to Gevo’s hiring of Mr. Cesarek, Mr. Cesarek’s skills and ability to execute commercial transactions and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2017, as amended, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.
Investor and Media Contact
Shawn M. Severson
Integra Investor Relations