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Print Edition StoriesWednesday, April 29, 2009
James Levine named Verenium CFO
By Mass High Tech staff
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Verenium Corp., a Cambridge-based ethanol developer, has named James Levine its new executive vice president and chief financial officer, replacing acting CFO Jeff Black.
Levine comes to Verenium having previously served as managing director in Goldman Sachs & Co.’s power and utilities group and managing director in the energy group, as well as prior roles focused on oil and gas industry investment banking. In his earlier positions, Levine worked with Lehman Brothers Holdings Inc. and Industrial Economics Inc.
Levine earned a master’s degree in business administration, with a focus on finance, from the University of Pennsylvania’s Wharton School and a bachelor’s degree in economics from Brandeis University.
Verenium’s CFO appointment follows an announcement earlier this month from the company that it plans to consolidate its research and development facilities after its annual report revealed “doubt about (its) ability to continue.” Verenium just launched a demonstration-scale biofuels facility in Louisiana and, in February, expanded its joint venture with BP plc.
Verenium’s previous executive vice president, John Malloy, left the company but continues to work as a consultant.
In 2008, Verenium, which employs approximately 300 people, reported $69.6 million in revenue and a $185.5 million loss.
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