Until assuming his new role at Mascoma, Mr Brady served as executive vice president and general manager of several operating divisions at Cabot Corporation, leading business units from technical development through commercialization, as well as managing global capital-intensive businesses and developing strategic relationships with large global customers.
Mr Brady said: “I am honored and excited to be assuming the role of CEO of Mascoma. I am truly impressed by the mission, talent and potential of Mascoma and look forward to working with our very strong leadership team to take this company and the cellulosic biofuels industry to full scale commercial operation.”
Bruce Jamerson, chairman of Mascoma and Frontier Renewable Resources, said: “I am delighted to introduce Bill Brady as the new CEO of Mascoma and to work closely with him on achieving our goal of full scale commercial production of cellulosic ethanol. Bill has extensive experience running large commercial divisions for a major chemical company, which is exactly the skill set we need as Mascoma transitions into a commercial enterprise. Additionally, his strong international experience will be critical as Mascoma begins to penetrate international markets.”
Mr Brady will work with the team to help achieve Mascoma’s technical and commercial milestones, including continuing to reduce costs for ethanol produced from cellulosic feedstocks, developing additional partnerships for Mascoma’s commercial-scale ethanol project in Kinross township, Michigan and creating strategic joint ventures to commercialize Mascoma’s proprietary Consolidated Bioprocessing (CBP) technology for production of advanced biofuels and chemicals.
Concurrent with the appointment of Mr Brady, Mascoma’s acting president Jim Flatt will continue as executive vice president, research & development/operations, where he will continue active oversight of and participation in Mascoma’s R&D and operations efforts, supporting Frontier’s development efforts as well. Bruce Jamerson will continue as chairman of Mascoma and Frontier Renewable Resources.
