ENGLEWOOD, Colo., Sept. 5, 2013 (GLOBE NEWSWIRE) -- Gevo, Inc. (Nasdaq:GEVO) announced today that Greg Roda has joined the company as Chief Commercial Officer. In this role, Roda will be responsible for all business development activities for the Company.
"Greg's background is ideally suited to leading commercial development at Gevo because it cuts across organization of supply chains, value added selling, customer partnerships, and renewable chemicals and materials," stated Dr. Patrick Gruber, CEO of Gevo. "Greg is a proven leader."
"Isobutanol has huge market potential cutting across oxygenated fuels, hydrocarbon fuels, plastics, films, fibers, and other materials," said Greg Roda. "I'm pleased to be joining and I expect to make a significant contribution to the success of Gevo."
Roda comes to Gevo with more than 17 years of strategic leadership, business development, research and product development in bio-based materials. Most recently, Roda was Chief Executive Officer of Outlast Technologies, Inc. from 2007 to 2012, a privately funded technology company that develops, licenses, and markets phase change materials for use in temperature regulating fabrics, packaging and industrial materials. Prior to Outlast, Roda was with Natureworks as a Business Development Executive overseeing commercialization of polylactic acid in the fiber and textile industry. In this role he was responsible for building a global supply chain, creating market pull-through with downstream customers, and negotiating contracts to align the interests of Natureworks and its partners. He also led a team in developing the business strategy for the Company. From 1996 to 2002 he was with Cargill's Strategy and Business Development Group spending 4 years in Singapore with a focus on building Cargill's palm oil plantation business through acquisition and strategic partnerships.
Roda holds a BS in Mechanical Engineering from the University of Michigan and an MBA with a concentration in International Business and Finance from the University of Chicago.
Gevo is a leading renewable chemicals and next-generation biofuels company. Gevo's patent-protected, capital-light business model converts existing ethanol plants into biorefineries to make isobutanol. This versatile chemical can be directly integrated into existing chemical and fuel products to deliver environmental and economic benefits. Gevo started up its first commercial isobutanol facility in Luverne, Minn. and has a marquee list of partners including Coca-Cola, Sasol, and LANXESS, among others. Gevo is committed to a sustainable biobased economy that meets society's needs for plentiful food and clean air and water. For more information, visit 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 include statements that are not purely statements of historical fact, and can sometimes be identified by our use of terms such as "intend," "expect," "plan," "estimate," "future," "strive" and similar words. 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 the company undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although the company 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, 2012, as amended, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Gevo.