Solazyme Announces Changes to its Board of Directors
Solazyme Announces Changes to its Board of Directors
Elects New Director James R. Craigie, Chairman and CEO of Church & Dwight Co., Announces Departures of Directors Harrison Dillon and William Lese
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Solazyme, Inc. (NAS: SZYM) , a renewable oil and bioproducts company, announced today the election of James R. Craigie to the company's Board of Directors. Since 2007, Mr. Craigie has held the position of Chairman and CEO of Church & Dwight Co., Inc., and has been CEO since 2004. Church & Dwight Co. is a leading developer, manufacturer and marketer of consumer and specialty products, including well-known brands such as Arm & Hammer, OxiClean and Orajel.
James R. Craigie (Photo: Business Wire)
Mr. Craigie joins other board members, Ian Clark, CEO of Genentech; Ann Mather former CFO of Pixar and current board member of Google, MGM Holdings Inc., and Netflix; Peter Kovacs, former President and CEO of NutraSweet Kelco; Michael Arbige, EVP Technology of DuPont Genencor Science; and Chairman Jerry Fiddler, former CEO and founder of Wind River Systems; and Jonathan Wolfson, Solazyme CEO.
In addition, Solazyme announced today that Harrison Dillon, President of Solazyme, and William Lese, Managing Director of Braemar Energy Ventures, have stepped down from the Board of Directors.
"Solazyme is rapidly advancing into our next phase of commercialization. I am excited that we are now adding Jim, with his wealth of experience and expertise, to the Board. We are extremely grateful to our President and co-founder, Harrison Dillon, for his creativity, tireless work and dedication, which have been key factors in the growth of Solazyme from an idea to where we are today. We look forward to his continued work with us as a strategic advisor. We are also grateful to Bill Lese who has been with us for more than five years as a major venture investor and Board member. He has provided valuable wisdom, guidance and support over the years," said Jerry Fiddler, Chairman, Solazyme.
"We welcome a new era in this next phase for our company with the election of Jim Craigie who adds additional strategic expertise to our Board," said Jonathan Wolfson, CEO, Solazyme. "In particular, Jim's deep consumer products and brand building experience adds an important perspective to our Board, as Solazyme's tailored oils are commercialized broadly into numerous consumer markets."
Mr. Craigie brings decades of consumer product experience, particularly in the food, household and personal care markets. Most recently, he has helped Church & Dwight achieve record sales and earnings growth. Prior to his work at Church & Dwight, Mr. Craigie served as the CEO at Spalding Sports Worldwide, and previously, Mr. Craigie spent 15 years with Kraft Foods/General Foods in various positions including as President of Kraft's Beverage and Desserts Division.
Mr. Craigie currently serves on the boards of Church and Dwight; Meredith Corporation, a media and marketing company; and the Gettysburg Foundation, a non-profit foundation involved with restoring the Gettysburg battlefields.
About Solazyme, Inc.
Solazyme, Inc. (SZYM) is a renewable oil and bioproducts company that transforms a range of low-cost plant-based sugars into high-value oils and food ingredients. 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) chemicals and fuels, (2) nutrition and (3) skin and personal care.
Solazyme®, the Solazyme logo and other trademarks or service names are trademarks of Solazyme, Inc.
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Solazyme, Inc.
Genet Garmendi, 650-780-4777
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Press@solazyme.com
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Jeff Majtyka, 212-986-6667
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