Amyris Appoints Eduardo Alvarez as Chief Operating Officer

Emeryville, CA, Oct. 09, 2017 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company, today announced that Eduardo Alvarez, an experienced executive who has led operational and technology-enabled transformations for Fortune 100 companies, joined Amyris as Chief Operating Officer, subject to approval by the Company's Board of Directors in its upcoming quarterly meeting. 

This new position has been created to support the continued strong revenue growth of Amyris's business. 

Alvarez reports to John Melo, Amyris President and CEO.

Alvarez has over 30 years of global, multi-functional, operations experience both running and advising growth companies. 

Previously, he served as Global Operations Strategy Leader for PwC. 

During his tenure, he co-led the integration of his prior company, Booz & Company, following its acquisition by PwC.  

In his role, he grew operations into a global practice with $1.5 billion in revenue and 4,000 employees.

His assignments focused on delivering structural cost improvements while also driving sustained revenue growth. 

His experience also includes roles at General Electric and AT&T. Alvarez holds a Master of Business Administration with honors from Harvard University, a Master of Science in Mechanical Engineering in computer control and manufacturing from the University of California, Berkeley, as well as a Bachelor of Science degree in mechanical engineering with high honors from the University of Michigan.

"With the successful transition of our Company into one of the fastest growing sustainable health, nutrition and personal care ingredients businesses in the world, we are now in need of operational leadership to support our growth," said John Melo, Amyris President & CEO. 

"Eduardo's skill set and successful record of accomplishment in delivering company growth will be essential as we evolve from delivering over $100 million in annual revenue to reach and sustain $500 million in annual revenue. 

We are very pleased with our performance this year, and very excited at the focus Eduardo will bring to removing variability from our production and helping us consistently execute on our customer delivery and product pipeline."

"I'm excited to join Amyris to support its already substantial momentum as a leading company in its sector," said Eduardo Alvarez, Chief Operating Officer. 

"The global opportunity for renewable products supported by Amyris is evident and I'm excited to be a part of what I believe will be a large wave of growth for the company in the years ahead."