SOUTH SAN FRANCISCO, Calif., Aug. 28, 2012 (GLOBE NEWSWIRE) -- LS9, Inc., a technology leader in the development of renewable and sustainable chemicals and fuels, today announced that Jon Foster has joined the Company as its Chief Financial Officer (CFO), effective today. In this role, Mr. Foster will be responsible for management of the firm's financial and related functions.
"Jon brings a unique and important mix of financial, corporate development, and legal skills to support LS9," said Ed Dineen, President and Chief Executive Officer. "In addition to Jon's executive experience, he has a passion for clean energy that extends to leadership positions on three advisory boards, including the California Clean Energy Fund. We welcome Jon to the LS9 team and look forward to his contributions to the growth and financial success of the Company."
Mr. Foster has served in leadership roles in Silicon Valley companies for the last 14 years. He was previously CFO and Executive Vice President of Corporate Development at Atempo, Inc., an enterprise back-up and archiving software company based in Palo Alto, CA, which was acquired in December 2011. Prior to Atempo, he was CFO of Keymage, Inc., and before that was Senior Vice President, Corporate Development at publicly traded 8x8, Inc. Prior to moving to the Silicon Valley, Mr. Foster served as a deputy director in the White House Office of Science and Technology Policy and before that worked at the law firm of Crowell & Moring. He is currently on the Board of Directors of the California Clean Energy Fund, a Commissioner of the Palo Alto Utilities Advisory Commission and on the National Advisory Council for Environmental Entrepreneurs (E2), a national organization of business leaders who promote sound environmental and energy policy as a key driver of economic prosperity. He holds a JD from Harvard Law School and received his Bachelor of Science degree in Mechanical Engineering from Yale University.
"I am delighted to be joining LS9," said Foster. "LS9 combines advanced technology, a deeply talented and enthusiastic team, and the backing of prominent investors, all of which position the company to be a leader in the rapidly growing market for sustainable fuels and chemicals."
About LS9, Inc.
LS9, Inc. is a technology leader in the commercial development of a growing portfolio of sustainable products to meet the needs of chemical and fuel markets worldwide. Its unique technology platform enables low costs, feedstock flexibility and process simplicity across a diversity of fermentation-derived products ranging from vehicle-ready fuels to chemicals for lubricants, detergents and personal care products. In June 2010, LS9 was awarded the U.S. Environmental Protection Agency's highest environmental honor for its revolutionary technology. The company was founded in 2005 and is supported by funding from Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners, Chevron Technology Ventures and BlackRock. LS9 is headquartered in South San Francisco, California. Further information can be found at www.ls9.com.
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