MONTREAL, July 29, 2015 /PRNewswire/ - BioAmber Inc. (NYSE: BIOA) today announced that Francois Laurin, the Company's Chief Financial Officer has resigned. The Company has hired Andrew Ashworth, its former Chief Financial Officer who retired in December 2014, as full time interim CFO and has launched a search for a permanent successor.
Andy Ashworth began his employment today, to overlap with Mr. Laurin and ensure a smooth transition. Andy was the Company's CFO from September 2011 to December 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.
Mr. Laurin has resigned to pursue another employment opportunity. His departure is not due to BioAmber's financial condition or financial reporting. Mr. Laurin will cease to be employed by BioAmber on August 7th 2015, after the Company has communicated its Q2 2015 financial results and filed its Quarterly Report on Form 10-Q.
"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. With our strong accounting and financial teams in place, I am confident in our ability to manage this transition seamlessly" said Jean-Francois Huc, BioAmber CEO. "We wish Francois the best in his next endeavor," he added.
About BioAmber
BioAmber (NYSE: BIOA) is a renewable materials company. Its innovative technology platform combines biotechnology and catalysis to convert renewable feedstock into building block materials that are used in a wide variety of everyday products including plastics, paints, textiles, food additives and personal care products. For more information visit www.bio-amber.com
Forward-Looking Statements
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