SOUTH SAN FRANCISCO, Calif., Oct. 8 LS9, Inc., theRenewable Petroleum Company(TM), today announces it has appointed Bill Haywoodas Chief Executive Officer. Mr. Haywood brings over 30 years of experience inthe fuels manufacturing business and a proven track record of planning,engineering, execution and start-up of major projects within the energysector.
"The coming year will be pivotal to LS9 as the company deliverssignificant achievements in the development of second-generation biofuels,"said Noubar Afeyan, Managing Partner of Flagship Ventures and Chairman of theLS9 Board of Directors. "Bill brings with him the ideal combination ofproject development, organizational optimization and investment managementexpertise the company needs as it transitions from development to production.His extensive relationships in the transportation fuels sector and his deepunderstanding of strategic partnerships are an ideal complement to thetalented scientific team at LS9. The Board is extremely pleased to have Billat the helm of the company."
Prior to joining LS9, Mr. Haywood served as Senior Vice President ofRefining for Tesoro Petroleum, where he was responsible for seven refineriesand over $20 billion in revenue. Under his leadership, Tesoro became aleading independent refiner by integrating refinery acquisitions, drivingoperational excellence and building over $1 billion in capital projects.During this period, shareholder value increased by more than 86%.
"I can't think of a more exciting opportunity than joining LS9 as weprepare to move this important technology to commercial production and becomethe first advanced biofuels company to reach the market," said Mr. Haywood."I look forward to merging knowledge of the traditional transportation fuelsbusiness with synthetic biology to help bring LS9's renewable fuels andchemicals into the pipeline and to the consumer."
LS9, Inc., the Renewable Petroleum Company(TM), is a privately-heldindustrial biotechnology company pursuing the commercial development ofrenewable fuels and chemicals. LS9 is applying synthetic biology to produceproprietary biofuels that are compatible with existing fuel distribution andconsumer infrastructure and high value industrial chemicals. LS9 is thepioneer in the commercial development of fermentation derived hydrocarbonbiofuels and its patent-pending Renewable Petroleum(TM) products are customengineered in the lab to address immediate market needs for clean energyalternatives to petroleum. The company was founded in 2005 and venture capitalfirms Flagship Ventures, Khosla Ventures, and Lightspeed Venture Partners haveprovided funding to date. LS9 is headquartered in South San Francisco,California.
SOURCE LS9, Inc.