Business Wire

Solazyme Appoints Jeffrey Webster as Chief Operating Officer


Source: Business Wire

Former Tyson executive brings advanced biofuel and nutrition commercialization experience torenewable oil platform

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Solazyme, Inc. (NASDAQ: SZYM), a renewable oil and bioproducts company, announced today that Jeffrey Webster has joined the company as its Chief Operating Officer. In this role, Mr. Webster will be responsible for leading and expanding operational infrastructure across Solazyme as the company continues to scale.

Mr. Webster joins Solazyme from Tyson Foods where as Group Vice President and General Manager of the Renewable Products business he had full P&L responsibility for $500M in revenue and was responsible for initiating, funding and building the Dynamic Fuels plant in Geismar, Louisiana which is America’s first commercial scale (75M gallons per year) advanced biofuels facility. At Tyson, Mr. Webster established new growth platforms, partnerships and brands, and pioneered Tyson’s efforts into the renewable energy space. He has successfully established partnerships with a multitude of top energy and nutrition companies, including Conoco Phillips and global fuel customers like the US Air Force, while also successfully enacting legislation for second-generation renewable fuels. While at Tyson, Mr. Webster was also responsible for the full operations of the company’s food ingredient, pet food ingredient, and animal feed businesses.

“Jeff’s deep understanding of both renewable fuels and nutrition and his vast experience building new growth platforms at large commercial organizations are vital to Solazyme as we scale and move into commercialization,” said Jonathan Wolfson, CEO, Solazyme. “Jeff brings incredible leadership experience across multiple industries and infrastructures that directly relate to Solazyme’s business strategy, as we continue our rapid growth we are confident that Jeff’s impact will be felt immediately.”

Prior to Tyson Mr. Webster held roles including Vice President, Global Strategy and Development at Kellogg’s, where he was responsible for portfolio, market entry, and brand strategy initiatives across the company. Mr. Webster began his career as a geophysicist with ARCO Oil & Gas.

“This is a very exciting time at Solazyme as the company increases capacity to meet the rapidly growing demand for its revolutionary tailored oils technology,” said Mr. Webster. “I look forward to expanding Solazyme’s operational and commercial infrastructure as the company moves into its next phase.”

About Solazyme, Inc.

Solazyme, Inc. (NASDAQ: SZYM) is a renewable oil and bioproducts company that transforms a range of low-cost plant-based sugars into high-value 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®, the Solazyme logo and other trademarks or service names aretrademarks of Solazyme, Inc.

This press release contains certain forward-looking statements about Solazyme, Inc., including statements that involve risks and uncertainties concerning the future commercialization plans of Solazyme. When used in this press release, the words “will”, “expects”, “intends” and other similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Solazyme, Inc., that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Potential risks and uncertainties include, among others: Solazyme’s limited operating history; its ability to enter into and maintain strategic collaborations; its ability to obtain requisite regulatory approvals; and its access, on favorable terms, to any required financing. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Solazyme, Inc.

In addition, please refer to the documents that Solazyme, Inc. files with the Securities and Exchange Commission, including its Registration Statement on Form S-1 and its Quarterly Report on Form 10-Q filed on August 5, 2011, for a discussion of these and other risks. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Solazyme, Inc. is not under any duty to update any of the information in this press release.


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