Center for Advanced BioEnergy Research, University of Illinois at Urbana-Champaign

Friday, August 24, 2012

Ceres Expands Board of Directors with former BP Chief Scientist and Undersecretary of Energy Steven Koonin

heraldonline.com
Published: August 22, 2012

By Ceres, Inc.

THOUSAND OAKS, Calif., Aug. 22, 2012 — /PRNewswire/ -- Energy crop company Ceres, Inc. (Nasdaq: CERE) today announced that former BP Chief Scientist and Undersecretary of Energy for Science, Steven E. Koonin, PhD, has joined the company's board of directors. Ceres' board will now have 12 members, including 10 independent directors as defined under the rules of the Nasdaq Stock Market.

"It is a great pleasure to welcome a board member with such a valuable combination of experience from both the energy industry and public service to join our efforts to commercialize our pipeline of non-food, bioenergy products," said Richard Hamilton, President and CEO of Ceres. "Continued high oil prices, despite the current economic uncertainty, underscore the unique value of liquid transportation fuels as well as the imperative to rapidly develop alternative feedstocks for biofuels."

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