Carbios Appoints Kader Hidra as Chief Financial Officer
07 Settembre 2020 - 06:45AM
Business Wire
- Distinguished industry leader to head
financial portfolio as Carbios enters industrial development
phase
Regulatory News:
Carbios (Paris:ALCRB) (Euronext Growth Paris: ALCRB), a company
pioneering new bio-industrial solutions to reinvent the lifecycle
of plastic and textile polymers, announced today the appointment of
Kader Hidra as Chief Financial Officer and member of the Executive
Committee of the Company.
“We are delighted to welcome Kader as Carbios’ Chief Financial
Officer. His in-depth knowledge of financial markets, along with
his experience in leadership roles in the sustainability sector,
will undoubtedly have a major impact on the Company,” said
Jean-Claude Lumaret, Chief Executive Officer of Carbios.
Mr. Hidra joins Carbios with more than a decade of experience in
finance. Prior to joining the firm, he was the Chief Executive
Officer of Citégestion, a digital start-up specialized in asset
management and software development for Smart Cities. Previously,
he was Investor and Markets Director at the EDF Group, a French
electricity company which is a global leader in low-carbon
energies. Before that,
Mr. Hidra worked in London-based investment banks including
Morgan Stanley and Berenberg Bank.
As Chief Financial Officer, Mr. Hidra will support Carbios as it
moves to industrialize its processes. He will lead the management
and organization of the Company’s finances to strengthen a team
already skilled in investor relations, financial communication, and
financial monitoring. Mr. Hidra brings to Carbios his deep
expertise in financial markets as well as his managerial experience
acquired within large international groups and innovative
start-ups.
Mr. Hidra obtained his MBA from Duke-Fuqua School of Business
and his engineering degree from the National Polytechnic Institute
of Grenoble (France).
“Kader is a great asset to Carbios’ Executive Committee and will
support its industrial development. The recent success of the
Company’s capital increase attests to the growing interest of
investors in our innovative and sustainable technologies, and gives
Kader the keys to support the management of our financial
strategy,” said Ian Hudson, Chairman of Carbios’ Board of
Directors.
About Carbios:
Carbios is a green chemistry company whose innovations help
address the environmental and sustainable development challenges
facing manufacturers. Since its creation in 2011 by Truffle
Capital, the Company has developed, through biotechnology, two
industrial processes that revolutionize the biodegradation and
recycling of polymers. These world-first innovations, made possible
with the support of Bpifrance (THANAPLAST™ project), optimize the
performance and lifecycle of plastics and textiles by exploiting
the properties of highly specific enzymes.
Carbios' economic development model is based on the
industrialization and commercialization of its products and/or
enzymes, technologies and bioprocesses through license concessions
directly or through joint ventures to major industrial players or
sectors concerned by the Company's innovations. As such, Carbios
created the joint venture Carbiolice in September 2016, in
partnership with Limagrain Ingredients and the SPI fund operated by
Bpifrance. This company, of which Carbios has majority control,
will exploit the first technology licensed by Carbios by producing
enzymatic granules for the production of biodegradable and biobased
plastics.
Carbios benefits from the qualification "Innovative Company" of
Bpifrance allowing the eligibility of the Company's securities for
the investment of Mutual Funds Placement in Innovation (FCPI). For
more information, please visit: www.carbios.fr
Carbios is eligible for the PEA-PME, a government program
allowing French residents investing in SMEs to benefit from income
tax rebates.
This press release does not constitute and
cannot be regarded as constituting an offer to the public, an offer
to sell or a subscription offer or as a solicitation to solicit a
buy or sell order in any country.
Translation for information purposes only. In
case of discrepancy between the French and the English version of
this press release, the French version shall prevail.
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CARBIOS Benjamin Audebert Investor Relations
contact@carbios.fr +33 (0)4 73 86 51 76
Media Relations (Europe) Tilder Marie-Virginie Klein
mv.klein@tilder.com +33 (0)1 44 14 99 96
Media Relations (U.S.) Rooney Partners Kate L. Barrette
kbarrette@rooneyco.com +1 212 223 0561
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