MONTREAL, Sept. 14, 2017 /PRNewswire/ - BioAmber Inc.
(NYSE: BIOA) (TSX: BIOA)
The Board of Directors of BioAmber Inc. is pleased to announce
the appointment of Richard P. Eno as
its new Chief Executive Officer, and new member of the Board,
effective September 18th, 2017. The
selection of Mr. Eno caps a search process facilitated by
Spencer Stuart, a global executive
search firm which specializes in placing senior management
personnel.
Mr. Eno has over 30 years of related management experience in
the energy, chemicals, biotechnology and materials industries,
including over five years as President, CEO and Board member of a
publicly traded industrial biotechnology company. Rick began his
career in Chevron's chemical operations with roles of increasing
responsibility in engineering, manufacturing and construction
operations. He then entered management consulting where he
specialized in addressing critical strategic and operational issues
facing company leadership in the chemical and energy industries. In
2008, he took up leadership of Metabolix, an industrial
biotechnology company commercializing a range of unique bio-based,
biodegradable polymers. Most recently, Rick has been a senior
partner at a global management consultancy, Roland Berger, focused on the chemicals
industry.
"The Board is pleased to have found an individual with an ideal
industry background as well as public company experience to assume
leadership of BioAmber. Rick is uniquely qualified to lead BioAmber
successfully into the future," said Ray
Land, BioAmber's Chairman of the Board.
"I am enthused to joining the BioAmber team," added Rick Eno. "The company's bio-succinic technology
operates superbly at scale, there is a rich pipeline of attractive
customer opportunities, and a world class team in place. I look
forward to leading the growth of this highly innovative
company."
Rick has a B.S. in Chemical Engineering from Cornell University, a Masters in Business
Administration from the University of
Houston and is a Chartered Financial Analyst (CFA). He
currently serves on the President's Council for Ceres, a non-profit
promoting a sustainable future; the alumni advisory Board for
Cornell University's School of Chemical
and Biomolecular Engineering; and on the alumni advisory board for
Cornell's Atkinson's Center for a
Sustainable Future.
About BioAmber
BioAmber (NYSE: BIOA, TSX: BIOA) is a renewable materials
company. Its innovative technology platform combines biotechnology
and catalysis to convert renewable feedstock into building block
materials that are used in a wide variety of everyday products
including plastics, paints, textiles, food additives and personal
care products. For more information visit www.bio-amber.com
Forward-Looking Statements
This press release
contains forward-looking statements, which are subject to
substantial risks, uncertainties and assumptions. These statements
often include words such as "believe," "expect," "anticipate,"
"intend," "plan," "estimate," "seek," "will," "may" or similar
expressions. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
that the events and circumstances reflected in the forward-looking
statements will be achieved or occur and the timing of events and
circumstances and actual results could differ materially from those
projected in the forward- looking statements. Accordingly, you
should not place undue reliance on these forward-looking
statements. All such statements speak only as of the date made, and
we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise. For additional disclosure
regarding these and other risks faced by BioAmber, see disclosures
contained in BioAmber's public filings with the SEC including, the
"Risk Factors" section of BioAmber's Annual Report on Form 10-K and
the most recent quarterly report on Form 10-Q.
SOURCE BioAmber Inc.