Gevo Appoints Lynn Smull as Chief Financial Officer
November 15 2019 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO), a leading renewable fuels and chemicals
manufacturer, announced today the appointment of Lynn Smull to the
position of Chief Financial Officer.
Mr. Smull is expected to start in this new role
effective December 16, 2019.“I’m glad to have Lynn join our team.
He has a lot of experience in project financing and energy
projects, both extremely relevant to us” said Dr. Patrick R.
Gruber, Gevo’s Chief Executive Officer. “Lynn is a good fit and I
expect him to hit the ground running.” Prior to joining Gevo, Mr.
Smull most recently served as Chief Financial Officer of One Energy
Enterprises, LLC. Mr. Smull has thirty years of finance and
commercial experience on corporate, investment banking, and private
equity platforms including Calpine Corporation, Bank of America,
Salomon Brothers, and Bechtel. Mr. Smull has managed large capital
raisings, M&A transactions, and corporate finance and
accounting functions in the renewable and conventional power and
energy sectors, as well as in several other heavy infrastructure
sectors.
About Gevo
Gevo is commercializing the next generation of
gasoline, jet fuel and diesel fuel with the potential to achieve
zero carbon emissions, addressing the market need of reducing
greenhouse gas emissions with sustainable alternatives. Gevo uses
low-carbon renewable resource-based carbohydrates as raw materials,
and is in an advanced state of developing renewable electricity and
renewable natural gas for use in production processes, resulting in
low-carbon fuels with substantially reduced carbon intensity (the
level of greenhouse gas emissions compared to standard petroleum
fossil-based fuels across their lifecycle). Gevo’s products perform
as well or better than traditional fossil-based fuels in
infrastructure and engines, but with substantially reduced
greenhouse gas emissions. In addition to addressing the problems of
fuels, Gevo’s technology also enables certain plastics, such as
polyester, to be made with more sustainable ingredients. Gevo’s
ability to penetrate the growing low-carbon fuels market depends on
the price of oil and the value of abating carbon emissions that
would otherwise increase greenhouse gas emissions. Gevo believes
that its proven, patented, technology enabling the use of a variety
of low-carbon sustainable feedstocks to produce
price-competitive low carbon products such as gasoline components,
jet fuel, and diesel fuel yields the potential to generate project
and corporate returns that justify the build-out of a multi-billion
dollar business. Learn more at our website: www.gevo.com.
Forward-Looking Statements 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 the
hiring of Mr. Smull as Chief Financial Officer 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, 2018,
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 ContactShawn M.
SeversonIntegra Investor Relations+1
415-226-7747info@integra-ir.com
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