SOURCE: LanzaTech

LanzaTech

June 11, 2015 08:00 ET

LanzaTech Announces Appointment of Executive Vice President, Strategy, Finance and Operations

Jean Paul Michel Joins LanzaTech Team Bringing Extensive Operations Experience

CHICAGO, IL--(Marketwired - Jun 11, 2015) - LanzaTech, the carbon recycling company, announced the appointment of Jean Paul Michel, formerly Global Chief Operating Officer and Group Head of Operations at OSRAM, as Executive Vice President, Strategy, Finance and Operations.

Michel will lead a new team that will coordinate all core support functions of the company as it enters the commercialization phase, including Safety, Finance, HR, IT and Procurement.

Michel joins LanzaTech from OSRAM, the global company developing efficient lighting solutions where he was most recently Group Head for Manufacturing and COO for OSRAM's Traditional Lighting Business Unit. He has worked across multiple disciplines from finance and compliance to supply chain, purchasing and manufacturing.

LanzaTech welcomes Michel as it celebrates its tenth anniversary and is set to begin construction on the first in a pipeline of commercial units. LanzaTech's platform captures carbon rich waste gases before they are emitted and recycles them on-site through a gas fermentation process. The resulting products displace fossil reserves that would otherwise be used to make them.

"LanzaTech is entering the next stage of its life," said Michel. "Moving into commercial operations is an exciting time for any company, not least one that is breaking the mold of how we source and supply energy today. My experience in the lighting sector has shown me that it is possible to be profitable while reducing your carbon footprint and now more than ever, sustainability objectives need to converge with profitability expectations. LanzaTech is a perfect example of how this can be done and I am excited to be joining the team."

"LanzaTech is growing up. With multiple commercial projects in the pipeline, LanzaTech is preparing to take its industrial manufacturing capability to another level," said Jennifer Holmgren, CEO of LanzaTech. "We are tremendously pleased that Jean Paul is joining us on this journey, bringing extensive operations and manufacturing expertise to the team." 

About LanzaTech
LanzaTech's proprietary gas fermentation technology provides an economic route to fuels and high-value chemicals by recycling waste carbon streams. LanzaTech's solutions mitigate carbon emissions while displacing fossil resources needed for fuel and chemical production. Founded in New Zealand, LanzaTech has raised more than US$200 million from investors including Khosla Ventures, K1W1, Qiming Venture Partners, Malaysian Life Sciences Capital Fund, Petronas, Mitsui, Primetals, China International Capital Corp, Suncor and the New Zealand Superannuation Fund. More information is available at: http://www.lanzatech.com.

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