Rentech Announces Appointments in Finance and Project Development
August 08 2011 - 12:00PM
Business Wire
Rentech, Inc. (NYSE AMEX: RTK) announced today additions to the
Company’s finance and project development teams.
Jeffrey R. Spain joined the Company as Senior Vice President,
Finance and Accounting. Mr. Spain is responsible for the finance,
planning, accounting, purchasing and information technology
functions and will play an instrumental role in securing Rentech’s
project and corporate financings. Mr. Spain’s experience spans over
20 years and includes investment banking and operations management
and Chief Financial Officer roles of high growth companies. His
past employers include Credit Suisse First Boston, Kimberly-Clark
Corporation, LeadPoint, Inc. and eNutrition, Inc. Mr. Spain
received his Masters of Business Administration from the Anderson
Graduate School of Management at UCLA and earned his Bachelor’s
degree in finance from Southern Methodist University.
Eric Darmstaedter joined Rentech as Vice President of Business
Development and he also continues to serve as President of
ClearFuels Technology Inc. following Rentech’s majority acquisition
of the company in May 2011. Mr. Darmstaedter, a founding member of
ClearFuels, is responsible for renewable fuels and power projects
that would deploy the Rentech-ClearFuels biomass gasifier. He has
30 years of technical and commercial experience in the U.S. and
Asian energy industries, including development of project
companies, start-ups, strategic partnerships, joint ventures and
execution of acquisitions, technology transfers and licensing
agreements. Mr. Darmstaedter was formerly the Vice President of
Business Development for various companies including HEI Power Corp
International, Metcalf & Eddy and Research Cottrell. He holds a
Bachelor’s degree in Environmental Engineering from Cornell
University.
Colin H. Campbell joined Rentech as Vice President of Business
Development for Canada. Mr. Campbell will play a pivotal role in
developing Rentech’s fuels and Canadian strategies. Mr. Campbell
brings with him over 20 years of experience in the oil and gas
industry, the majority of which was spent with Royal Dutch Shell in
Canada, the United Kingdom and the U.S. While at Shell, he
supported, among other things, the successful project execution of
Shell’s 100,000 barrels per day Oil Sands Mine and Upgrader
expansion. Mr. Campbell is a candidate for an Executive Masters of
Business of Administration from Royal Roads University. He received
his Bachelor’s degree in Economics from Queens University.
In connection with joining Rentech, Messrs. Darmstaedter and
Campbell shall be granted 50,000 and 75,000 restricted stock units,
respectively, that are to be settled in shares of common stock of
Rentech. These inducement awards of restricted stock units will
vest over a three-year period, subject to acceleration under
certain circumstances, including termination without cause upon a
change in control.
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com), incorporated in 1981,
provides clean energy solutions and produces nitrogen fertilizer.
The Company's Rentech-SilvaGas and Rentech-ClearFuels biomass
gasification processes can convert multiple cellulosic biomass
feedstocks into synthesis gas (syngas) for production of renewable
fuels and power. Combining the gasification processes with
Rentech's unique application of syngas conditioning and clean-up
technology and the patented Rentech Process based on
Fischer-Tropsch chemistry, Rentech offers an integrated solution
for production of synthetic fuels from cellulosic biomass. The
Rentech Process can also convert syngas from fossil resources into
ultra-clean synthetic jet and diesel fuels, specialty waxes, and
chemicals. Final product upgrading and acid gas removal
technologies are provided under an alliance with UOP, a Honeywell
company. Rentech develops projects and offers licenses for these
technologies for application in synthetic fuels and power
facilities worldwide. Rentech Energy Midwest Corporation, the
Company's wholly-owned subsidiary, manufactures and sells nitrogen
fertilizer products including ammonia, urea ammonia nitrate, urea
granule, and urea solution in the corn-belt region of the central
United States. Rentech has been recognized by Biofuels Digest as
one of the 50 Hottest Companies in Bio-energy and has been named as
one of the Biofuels Digest Companies of the Year for its
innovations and achievements, particularly in aviation
biofuels.
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