BioAmber’s CFO resigns pursue another opportunity

BioAmber’s CFO resigns to pursue another opportunity

9:40 AM, 31st July 2015
BioAmber’s CFO resigns to pursue another opportunity
BioAmber’s CFO Francois Laurin resigns to pursue another employment opportunity and his departure is not related to BioAmber’s financial condition or financial reporting, the company said. (File photo)

MONTREAL, CANADA: BioAmber Inc said that Francois Laurin, the company’s chief financial officer has resigned to pursue another employment opportunity and that his departure was not related to BioAmber’s financial condition or financial reporting. Andrew Ashworth, BioAmber’s former CFO who retired in Dec 2014, has been hired as full-time interim CFO and a search for a permanent successor is initiated, the company said.

Laurin will leave on 7 Aug, after BioAmber’s Q2 2015 financial results. Ashworth joined the company with immediate effect, to ensure a smooth transition, it said.  

Ashworth was the company’s CFO from Sept 2011 to Dec 2014. During that time he prepared BioAmber for its initial public offering and oversaw regulatory compliance. He led the implementation of the ERP system and assembled the finance team that is in place today, the company said.

“Andy’s 26 years of financial experience, coupled with his deep understanding of BioAmber will ensure continuity and stability while we undertake a search for a new CFO,” said Jean-Francois Huc, BioAmber CEO.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Shell to cut 6,500 jobs to manage oil price downturn

LONDON, UK: Royal Dutch Shell said it will cut 6,500 jobs in 2015, as it faces an oil price downturn, which could last for several years. To be resil ...

Read more
H B Fuller breaks ground on new adhesives facility in Indonesia

ST PAUL, US: H B Fuller Company said that it broke ground on its future manufacturing facility in Surabaya, Indonesia. This future facility will stren ...

Read more
DSM, Evonik to develop algae-based omega-3 fatty acids for animal nutrition

KAISERAUGST, SWITZERLAND: DSM Nutritional Products Ltd and Evonik Nutrition & Care GmbH said they have entered into a joint development agreement ...

Read more
Frutarom acquires Scandia Citrus in US; its ninth acquisition this year

HERZLIYA, ISRAEL: Frutarom Industries Ltd said it has acquired the business operations and assets of Florida, US-based Scandia Citrus LLC, which speci ...

Read more
Total sells minority stake in Shetland fields to SSE for $876 million

PARIS, FRANCE: Total SA said it has signed an agreement to sell 20 percent of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, loc ...

Read more
Metal foams that shield x-rays, gamma rays, neutron radiation

RALEIGH, US: Research from North Carolina State University shows that lightweight composite metal foams are effective at blocking X-rays, gamma rays a ...

Read more