- CEO John van Leeuwen taking
leave of absence -
- Company Appoints COO Jeff
MacDonald as Interim CEO -
BURLINGTON, ON, Feb. 18, 2015 /CNW/ - EcoSynthetix Inc.
(TSX:ECO) ("EcoSynthetix" or the "Company"), a renewable
chemicals company that produces a family of commercially proven
bio-based products, announced today that effective immediately,
John van Leeuwen, Co-Founder and
Chief Executive Officer, is taking a leave of absence due to
personal reasons.
The Board has appointed Jeff MacDonald, Chief Operating Officer (COO),
to serve as interim CEO.
"The Board respects and supports John's need for
this leave of absence," said David
Colcleugh, Chairman of EcoSynthetix. "We place our full
confidence and support behind Jeff in leading EcoSynthetix during
this important period for the Company."
Since his appointment in April 2014, Mr. MacDonald has worked closely with
EcoSynthetix' senior leadership team and Board of Directors to
execute the Company's strategic vision and objectives. This will
help ensure a seamless transition for Mr. MacDonald to effectively
lead EcoSynthetix.
Mr. MacDonald has more than 15 years of
experience in executive leadership. Prior to EcoSynthetix, Mr.
MacDonald was Vice-President of Marketing and Business Development
at Husky Injection Molding Systems. Previously, he held leadership
roles in sales and operations, and led the establishment of Husky's
Asia-Pacific business. Mr.
MacDonald holds a Master of Business Administration degree from
McMaster University and a Bachelor of
Science degree from the University of Western
Ontario.
About EcoSynthetix Inc.
(www.ecosynthetix.com)
EcoSynthetix Inc. is a renewable chemicals
company specializing in bio-based products that can be used as
inputs in industrial manufacturing for a wide range of consumer
products. The Company's products offer a reduced carbon footprint
and are marketed primarily on the basis of lower cost, stable
pricing and equal or superior performance. EcoSynthetix's lead
product, EcoSphere® biolatex® binders, is
used commercially by a number of the global top 20 manufacturers in
the coated paper and paperboard industry.
Forward Looking Statements
Certain statements in this Press Release
constitute "forward looking" statements, including statements
relating to Mr. van Leeuwen's leave
of absence and the transition for Mr. MacDonald to effectively lead
EcoSynthetix. Forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance, objectives or achievements of the
Company, or industry results, to be materially different from any
future results, performance, objectives or achievements expressed
or implied by such forward looking statements. These statements
reflect our current views regarding future events and operating
performance and are based on information currently available to us,
and speak only as of the date of this Press Release. These forward
looking statements involve a number of risks, uncertainties and
assumptions and should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether or not such performance or results will be
achieved. Those assumptions and risks include, but are not limited
to, the fact that our results of operations and business outlook
are subject to significant risk, volatility and uncertainty. Many
factors could cause our actual results, performance or achievements
to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward
looking statements, including the factors identified in the "Risk
Factors" section of the Company's Annual Information Form dated
March 31, 2014. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward looking statements prove incorrect, actual
results may vary materially from those described in this Press
Release as intended, planned, anticipated, believed, estimated or
expected. Unless required by applicable securities law, we do not
intend and do not assume any obligation to update these forward
looking statements.
SOURCE EcoSynthetix Inc.