REDWOOD CITY, Calif., March 8, 2011 /PRNewswire/ -- Codexis, Inc. (Nasdaq: CDXS) today announced that Jacques Beaudry-Losique has joined the company as Vice President, Corporate Development and Strategy. Mr. Beaudry-Losique joins Codexis from the U.S. Department of Energy, and will be responsible for corporate strategic planning for Codexis' bioindustrials businesses and directing the company's government relations programs. He will report to Joseph Sarret, M.D., Chief Business Officer.
"Jacques Beaudry-Losique brings Codexis broad knowledge of the clean energy sector and senior leadership experience in managing renewable energy programs for the U.S. government, as well as a depth of experience working with Fortune 500 corporations," said Alan Shaw, Ph.D. President and Chief Executive Officer. "His extensive management and policy background will be vital to Codexis as we expand our business. We are very pleased to welcome him to our management team."
Mr. Beaudry-Losique has more than 20 years experience working in the energy and technology sectors. Most recently, he held senior policy and management positions at the Department of Energy for six years, from 2005 to 2011. Previously, he worked with and advised Fortune 500 companies while at McKinsey & Co. and in strategic planning and management roles at General Electric and Shell.
While at DoE, he led efforts to build a second generation biofuels industry across two administrations, managed three major energy efficiency and renewable energy programs and served for two years as Deputy Assistant Secretary for Renewable Energy. He was also instrumental in decisions to invest more than $1.5 billion of Recovery Act funds in renewable energy projects, including $800 million in biofuels projects as well as the project selection, tracking and management of many of these programs.
Prior to joining DoE, Mr. Beaudry-Losique held key engineering and management roles for leading global companies in energy and technology. At GE Power Systems, he led technology acquisition programs in high growth sectors including biomass and fuel cells as business development leader. He also held management positions at McKinsey & Co. and Aspen Technologies, a process engineering software company. He began his career with Shell Canada where he held senior engineering, fuel quality and process optimization roles.
He holds a bachelor of science degree in chemical engineering from the University of Montreal, a master of science degree in engineering management from Stanford University and a master of science degree in management from MIT.
Codexis is a clean technology company. Codexis develops optimized biocatalysts that make industrial processes faster, cleaner and more efficient. Codexis' technology is commercialized with leading global pharmaceutical companies and in development for advanced biofuels with Shell and carbon capture. Other potential markets for the company's biocatalyst-enabled solutions include chemicals and water treatment. For more information, see www.codexis.com.
Forward-Looking Statements
This press release contains forward-looking statements relating to the potential expansion of our business. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results. Factors that could materially affect actual results can be found in Codexis' Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 10, 2011, including under the caption "Risk Factors." Codexis expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law.
Contact: Media; Lyn Christenson, lyn.christenson@codexis.com, 650-421-8144 or Saskia Sidenfaden, ssidenfaden@mww.com, 212-827-3771. Investors; Robert Lawson, robert.lawson@codexis.com, 650-421-8137
SOURCE Codexis, Inc.
