Andy Ashworth began his employment today, to overlap with Mr. Laurin and ensure a smooth transition. Andy was the Company’s CFO from September 2011 to December 2014. During that time he prepared BioAmber Inc. for its initial public offering and oversaw regulatory compliance. He led the implementation of the ERP system and assembled the finance team that is in place today.
Mr. Laurin has resigned to pursue another employment opportunity. His departure is not due to BioAmber Inc.’s financial condition or financial reporting. Mr. Laurin will cease to be employed by BioAmber Inc. on August 7th 2015, after the Company has communicated its Q2 2015 financial results and filed its Quarterly Report on Form 10-Q.
“Andy’s 26 years of financial experience, coupled with his deep understanding of BioAmber Inc. will ensure continuity and stability while we undertake a search for a new CFO. With our strong accounting and financial teams in place, I am confident in our ability to manage this transition seamlessly” said Jean-Francois Huc, BioAmber Inc. CEO. “We wish Francois the best in his next endeavor,” he added.