Chicago, Illinois (August 25, 2014) LanzaTech, the revolutionary carbon recycling company, announced the appointment of Gregg Clevenger as Chief Financial Officer. In his role, Clevenger has overall responsibility for leading all aspects of corporate finance for LanzaTech.
Clevenger was most recently Executive Vice President and CFO of GXS Corporation, the world’s largest B2B integration cloud services provider which recently sold to Open Text Corporation (NASDAQ:OTEX) for $1.2 billion. Mr. Clevenger has more than 25 years of international finance experience having served as CFO and board director of both privately held and public companies across the technology and telecoms sectors and as an investment banker at Goldman Sachs and Morgan Stanley in New York, Hong Kong and Singapore.
Clevenger joins LanzaTech as the company is set to commercialize its ground-breaking technology that recycles carbon into sustainable, valuable products. Its patented process uses a microbe to convert waste gas containing carbon monoxide or carbon dioxide (from industrial sources like steel mills and processing plants) or synthetic gas generated from any waste biomass resource into low-carbon fuels and chemicals.
“It is very exciting to be part of such an innovative company that is going to make a big impact on the bio-commodities markets,” said Clevenger. “The success of LanzaTech’s pre-commercialization activities and the breadth of its technology platform points to a great future with virtually limitless potential, and I look forward to helping it move into the next phase of its development.”
“Gregg’s track record of strong financial leadership at global companies undergoing transition and growth will help to accelerate LanzaTech’s growth trajectory,” said LanzaTech’s CEO, Dr. Jennifer Holmgren. “His international and operational experience will be invaluable as LanzaTech builds on global partnerships to disrupt how we source energy and chemical products.”