Mark Smith Reigns as CFO (announced after market close on a Friday)
Form 8-K for GEVO, INC.
Change in Directors or Principal Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Departure of Chief Financial Officer.
On September 3, 2013, Mark Smith notified Gevo, Inc. (the "Company") of his intention to resign from his position as Chief Financial Officer of the Company to pursue other opportunities. Mr. Smith's resignation will be effective on October 3, 2013. We thank him for his contributions to the Company and we wish him well in his future endeavors.
(c) Appointment of Interim Chief Financial Officer.
On September 5, 2013, the board of directors of the Company appointed Mike Willis to perform the function of Interim Chief Financial Officer. As Interim Chief Financial Officer of the Company, Mr. Willis will perform the functions of principal financial officer and principal accounting officer.
Mr. Willis, age 43, has served as the Company's Executive Vice President of Corporate Development and Strategy since December 2012. Prior to joining the Company, Mr. Willis spent over seven years working with the Virgin Group, most recently serving as a Principal with Virgin Green Fund, a private equity firm focused on the renewable energy and resource efficiency sectors. Mr. Willis was involved in the fund's investment activities, including its investment in the Company, and worked in operational roles with some of the fund's portfolio companies, including serving as acting Chief Financial Officer of DuraTherm, Inc. Virgin Green Fund is an "affiliate" of the Company as defined in Rule 405 of the Securities Act of 1933, as amended. Previously, Mr. Willis worked with Virgin Management Limited in London in corporate development assisting several of the Virgin Group's portfolio businesses internationally with strategy and corporate finance transactions. Mr. Willis has also worked in private equity and investme
I agree he was told to leave. No way he would leave GEVO voluntarily if he thought that GEVO was going to be the next NatureWorks. He was forced out. I hope he hasn't created a mess with the books. We could be in for a bumpy ride if he did.
Looks like this new guy Roda they hired yesterday from Gruber's previous life will be receiving the compensation they were paying Mark Smith ... good to see they are trying to keep executive compensation in check.