QUINCY, Mass.--(Myriant Corporation (Myriant), an industrial biotech company focused on production of bio-based chemicals that substitute for petroleum-based chemicals, announced today the election of Norman R. Augustine to its Board of Directors effective October 5, 2011. Mr. Augustine has a record of distinguished leadership and innovation at the highest levels of industry and government, culminating in his role as Chairman and Chief Executive Officer of Lockheed Martin, the nation’s largest aerospace/defense company.)--
“Advancements in science and technology in recent years have opened far-reaching opportunities not previously available for the production of chemicals.”
“After his distinguished service on Myriant’s Advisory Board, I am further honored and excited to have Mr. Augustine join our Board of Directors, said Stephen J. Gatto, Chairman and Chief Executive Officer of Myriant. His remarkable and diverse talents will be very valuable in helping to guide Myriant in the years ahead.”
“I very much look forward to working with the extraordinarily talented people at Myriant as they seek to help satisfy the need for environmentally-friendly means of producing widely-used chemicals,” said Norman R. Augustine. “Advancements in science and technology in recent years have opened far-reaching opportunities not previously available for the production of chemicals.”
Mr. Augustine is a former member of the Board of Directors of ConocoPhillips, Black & Decker, Proctor & Gamble and Lockheed Martin, and of the Board of Trustees of Colonial Williamsburg. He is a Regent of the University System of Maryland, Trustee Emeritus of Johns Hopkins and a former member of the Board of Trustees of MIT and Princeton, his alma mater. He was a member of the Hart/Rudman Commission on National Security, and has served for 16 years on the President's Council of Advisors on Science and Technology. He has been presented the National Medal of Technology and received the Joint Chiefs of Staff Distinguished Public Service Award and is a five time recipient of the Department of Defense's highest civilian decoration, the Distinguished Service Medal.
Mr. Augustine co-authored The Defense Revolution and Shakespeare In Charge and is the author of Augustine's Laws and Augustine's Travels. He was selected by Who's Who in America and the Library of Congress as one of "Fifty Great Americans." He was Chairman and Principal Officer of the American Red Cross for nine years, Chairman of the National Academy of Engineering, President and Chairman of the Association of the United States Army, Chairman of the Aerospace Industries Association, and Chairman of the Defense Science Board. He is a former President of the American Institute of Aeronautics and Astronautics and the Boy Scouts of America.
Myriant utilizes proprietary technology to provide innovative, performance-based renewable chemicals utilizing low-cost sugars. In December 2010, Myriant broke ground on its 30 million pound commercial succinic acid facility in Lake Providence, Louisiana. The company’s D(-) lactic acid started production at commercial scale in June 2008 for use in polylactic acid. Myriant has agreements with Uhde GmbH for engineering, Davy Process Technology for the integration of Myriant’s succinic acid process with the Davy butanediol process for the production of bio-based butanediol, and PTT Chemical for the commercialization of Myriant’s technology in South East Asia.
Myriant is headquartered in Quincy, Massachusetts. Details are available at www.myriant.com.