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Amyris Announces Kathy Fortmann as New CEO

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(Moderate)
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Rhea-AI Summary

Amyris, Inc. has appointed Kathy L. Fortmann as its new CEO, bringing 35 years of global business experience. Ms. Fortmann replaces Han Kieftenbeld and aims to lead the company through innovation and growth. With a background in specialty chemicals and ingredients, she is excited to work with the Board and colleagues to execute Amyris' strategy.

Positive
  • Kathy L. Fortmann brings almost 35 years of global business experience to Amyris as the new CEO, enhancing the company's leadership.

  • Ms. Fortmann's background in specialty chemicals and ingredients from companies like IFF, FrieslandCampina, and Cargill will bring valuable expertise to Amyris.

  • Her appointment signifies Amyris' commitment to innovation and growth, as she aims to lead the company through its next stage of development.

Negative
  • Han Kieftenbeld, the previous Chief Financial Officer and interim CEO, has decided to leave Amyris to pursue other opportunities, potentially impacting the company's leadership stability.

  • The change in leadership with the appointment of a new CEO may introduce uncertainties and adjustments within the organization that could affect operations and strategies.

EMERYVILLE, Calif., May 7, 2024 /PRNewswire/ -- Amyris, Inc., a vertically integrated synthetic biology company that creates sustainable, market-ready ingredients utilizing proprietary advanced precision fermentation technology and world-class platforms, today announced that, following the effectiveness of its reorganization, Amyris has appointed Kathy L. Fortmann as Chief Executive Officer ("CEO") effective immediately.

Ms. Fortmann brings almost 35 years of global business experience across a range of industries including specialty chemicals and ingredients. She most recently served as Chief Executive Officer of ACOMO N.V., a Dutch publicly-listed company focused on conventional and organic niche food products and ingredients for the food and beverage industry from 2021 to 2023. Prior to that, Ms. Fortmann held various roles at International Flavors & Fragrances Inc. ("IFF") from 2020 until 2021, including Division President of Nourish, Division Chief Executive Officer, Taste, and Head, Taste Strategy and Cross Fertilization. Prior to IFF, she was a senior executive at FrieslandCampina, a dairy cooperative in Europe from 2017 to 2019, serving as Business Group President, Ingredients and a member of the Executive Committee. From 2005 until 2017, Ms. Fortmann held various leadership positions at Cargill, Incorporated, a leading world provider of food ingredients and agricultural services and products. Prior to Cargill, she held positions of increasing responsibility at E.I. DuPont de Nemours, Inc. from 1989 until 2005. Ms. Fortmann currently serves as a director on the boards of FMC Corporation (NYSE: FMC), a global agricultural sciences company, and PPG (NYSE: PPG), a global supplier of paints, coatings and specialty materials.

"I've long admired Amyris' leading science and technology capabilities and its impressive product portfolio and R&D pipeline," commented Ms. Fortmann. "I'm excited to lead the company through this next stage of innovation and growth. I look forward to working closely with the Board and my new colleagues in developing and executing on Amyris' go-forward strategy."

Ms. Fortmann, along with Scott White, will join John Doerr and Ryan Panchadsaram as members of the Board of Directors of Amyris. Han Kieftenbeld, who has served as the company's Chief Financial Officer since March 2020 and as interim CEO since June 2023, has decided to leave Amyris to pursue other opportunities.

About Amyris
Amyris is a vertically integrated, synthetic biology company that creates sustainable, market-ready ingredients utilizing proprietary advanced precision fermentation technology and world-class platforms. Leveraging two decades of experience, Amyris collaborates with companies to co-create innovative ingredients at unprecedented speed and scale. This enables partners to deliver products with differentiated performance that meet sustainability and economic objectives. Its renewable and traceable ingredients are included in over 20,000 products from the world's top brands, reaching more than 300 million consumers. For more information, please visit http://www.amyris.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/amyris-announces-kathy-fortmann-as-new-ceo-302138864.html

SOURCE Amyris, Inc.

FAQ

<p>Who is the new CEO of Amyris?</p>

The new CEO of Amyris is Kathy L. Fortmann.

<p>What is Kathy L. Fortmann's background?</p>

Kathy L. Fortmann has almost 35 years of global business experience across industries like specialty chemicals and ingredients.

<p>Who did Kathy L. Fortmann replace as CEO?</p>

Kathy L. Fortmann replaced Han Kieftenbeld as the CEO of Amyris.

<p>How will Kathy L. Fortmann contribute to Amyris' growth?</p>

Kathy L. Fortmann aims to lead Amyris through innovation and growth by developing and executing the company's go-forward strategy.

PPG Industries, Inc.

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Paint and Coating Manufacturing
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About PPG

ppg industries' vision is to be the world’s leading coatings company by consistently delivering high-quality, innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings. through leadership in innovation, sustainability and color, ppg provides added value to customers in construction, consumer products, industrial and transportation markets and aftermarkets to enhance more surfaces in more ways than does any other company. founded in 1883, ppg has global headquarters in pittsburgh and operates in more than 70 countries around the world. reported net sales in 2014 were $15.4 billion. ppg shares are traded on the new york stock exchange (symbol:ppg). for more information, visit www.ppg.com and follow @ppgindustries on twitter.