Metabolix Names New Member to the Board of Directors
CAMBRIDGE, Mass., Apr 12, 2007 (BUSINESS WIRE) -- Metabolix Inc. (NASDAQ:MBLX), a bioscience company developing and commercializing environmentally sustainable and totally biodegradable Natural Plastic, announced today that the company has named Peter N. Kellogg to its Board of Directors, effective March 30, 2007.
Mr. Kellogg is Executive Vice President, Finance and Chief Financial Officer of Biogen Idec Inc., a global leader in the development, manufacturing, and commercialization of novel therapies. Mr. Kellogg was formerly Executive Vice President and CFO of Biogen prior to the merger with Idec. Prior to joining Biogen, Mr. Kellogg held several positions at PepsiCo Inc., including Senior Vice President of PepsiCo E-Commerce, Senior Vice President and Chief Financial Officer, Frito-Lay International as well as a variety of senior financial, international and general management positions at PepsiCo and the Pepsi-Cola International, Pepsi-Cola North America, and Frito-Lay International divisions. In addition, Mr. Kellogg was also a senior consultant with Arthur Andersen & Co. and Booz Allen & Hamilton.
James Barber, President and CEO of Metabolix commented, "We are extremely pleased to have an individual of the caliber of Peter on our Board of Directors. His background and experience in finance, biotech and branded consumer products will be invaluable to Metabolix as the Company moves into the next phase of its growth cycle."
About Metabolix
Founded in 1992, Metabolix, Inc. is developing and commercializing environmentally sustainable and totally biodegradable Natural Plastic as a clean alternative to petroleum-based plastics. The Company is taking a systems approach, from gene to end product, to integrate sophisticated biotechnology with current industrial practice to produce plastics, fuels and chemicals from renewable resources. In addition to its microbial fermentation platform for production of Natural Plastic, Metabolix is also developing a proprietary platform technology for co-producing, in non-food plant crops such as switchgrass, Natural Plastic and biomass for biofuels such as ethanol and for chemical products. For more information, please visit www.metabolix.com. (MBLX-G)
SOURCE: Metabolix Inc.
Metabolix, Inc. 617-492-0505 www.metabolix.com or Investor Relations: ICR Kathleen Heaney, 203-803-3585 ir@metabolix.com
Copyright Business Wire 2007
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