SOUTH SAN FRANCISCO, Calif., Oct. 8 /PRNewswire/ -- LS9, Inc., the Renewable Petroleum Company(TM), today announces it has appointed Bill Haywood as Chief Executive Officer. Mr. Haywood brings over 30 years of experience in the fuels manufacturing business and a proven track record of planning, engineering, execution and start-up of major projects within the energy sector.
"The coming year will be pivotal to LS9 as the company delivers significant achievements in the development of second-generation biofuels," said Noubar Afeyan, Managing Partner of Flagship Ventures and Chairman of the LS9 Board of Directors. "Bill brings with him the ideal combination of project development, organizational optimization and investment management expertise the company needs as it transitions from development to production. His extensive relationships in the transportation fuels sector and his deep understanding of strategic partnerships are an ideal complement to the talented scientific team at LS9. The Board is extremely pleased to have Bill at the helm of the company."
Prior to joining LS9, Mr. Haywood served as Senior Vice President of Refining for Tesoro Petroleum, where he was responsible for seven refineries and over $20 billion in revenue. Under his leadership, Tesoro became a leading independent refiner by integrating refinery acquisitions, driving operational 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 we prepare to move this important technology to commercial production and become the first advanced biofuels company to reach the market," said Mr. Haywood. "I look forward to merging knowledge of the traditional transportation fuels business with synthetic biology to help bring LS9's renewable fuels and chemicals into the pipeline and to the consumer."
LS9, Inc., the Renewable Petroleum Company(TM), is a privately-held industrial biotechnology company pursuing the commercial development of renewable fuels and chemicals. LS9 is applying synthetic biology to produce proprietary biofuels that are compatible with existing fuel distribution and consumer infrastructure and high value industrial chemicals. LS9 is the pioneer in the commercial development of fermentation derived hydrocarbon biofuels and its patent-pending Renewable Petroleum(TM) products are custom engineered in the lab to address immediate market needs for clean energy alternatives to petroleum. The company was founded in 2005 and venture capital firms Flagship Ventures, Khosla Ventures, and Lightspeed Venture Partners have provided funding to date. LS9 is headquartered in South San Francisco, California.
|SOURCE LS9, Inc.|
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