Solazyme Appoints Peter Kovacs, Former President and CEO of NutraSweet Kelco, to Board of Directors
Solazyme, Inc. (NASDAQ: SZYM), a renewable oil and bioproducts company,
announced today the appointment of Peter Kovacs to the company’s Board
of Directors. Mr. Kovacs brings over 45 years of food, specialty
chemical, and industrial biotechnology experience to the company and has
been a member of Solazyme’s Strategic Advisory Board since 2007.
“Peter brings a wealth of knowledge in the commercialization of new
technologies including biotechnologies into our key markets, including
nutrition and industrial and personal care chemicals,” said Jonathan
Wolfson, CEO, Solazyme. “As we move into this next phase of
commercialization, we welcome the expertise and guidance that Peter will
provide as a board member, having already benefited from years of his
expertise as an advisor.”
Mr. Kovacs joined the Kelco Company, a San Diego-based industrial
biotechnology and specialty chemicals manufacturer and a Division of
Merck & Co. Inc., as a laboratory chemist in 1967. After a series of
domestic and international technical and business assignments, Mr.
Kovacs was appointed President and CEO of the company in 1993, leading
the sale of Kelco from Merck to Monsanto in 1994. He was subsequently
chosen to join the Monsanto Operating Council and led the integration of
the NutraSweet Company with Kelco, forming an $800 million food and
industrial ingredient firm, which became one of the largest industrial
biotechnology companies, the NutraSweet Kelco Company. He then served as
President and CEO of NutraSweet Kelco until his retirement in 1997 after
30 years of service.
About Solazyme:
Solazyme, Inc. is a renewable oil and bioproducts company that
transforms a range of low-cost plant-based sugars into high-value
tailored oils. Headquartered in South San Francisco, Solazyme’s
renewable products can replace or enhance oils derived from the world’s
three existing sources – petroleum, plants and animal fats. Initially,
Solazyme is focused on commercializing its products into three target
markets: (1) fuels and chemicals, (2) nutrition and (3) skin and
personal care. Solazyme's oils and fuels provide compelling solutions to
increasingly complex issues of fuel scarcity, energy security and
environmental impact while fitting into the pre-existing multi-trillion
dollar fuel infrastructure.
For more information, please visit our website: http://www.solazyme.com
Solazyme®, the Solazyme logo and other trademarks or service names are
the trademarks of Solazyme, Inc.
