CARBIOS: appointment of Ian HUDSON as Chairman of the Board of Directors

Clermont-Ferrand, France, December 14, 2018 (06:00 p.m. CET)CARBIOS (Euronext Growth Paris: ALCRB), pioneer company in the field of bioplastics, announces today  the appointment of Ian HUDSON as Chairman of CARBIOS’ Board of Directors.

Ian HUDSON succeeds Jean FALGOUX as Chairman of CARBIOS’ Board of Directors and will take on his new position on January 1, 2019.

After serving for three years as Chairman, Jean FALGOUX will continue his work with CARBIOS as a member of the Board of Directors.

Ian HUDSON declares: “On behalf of all Board members, I would like to thank Jean FALGOUX for his strong commitment in CARBIOS’ development, demonstrating that innovation is the fundamental driver of a real transition to a plastics circular economy.  In my new role as Chairman, I will take on actions for the international expansion of CARBIOS’ innovations and the development of strategic partnerships. 

Jean-Claude LUMARET, CEO of CARBIOS adds:With the support of Ian HUDSON and all the Board members, we aim to scale-up our industrial processes to enable global companies to take a major step towards a New Plastics Economy, 100% recyclable or biodegradable. I would also like to thank Jean FALGOUX for allowing CARBIOS to overcome decisive challenges in the development of its bioprocesses. His invaluable support and expertise have greatly contributed to these advances.”

Ian HUDSON is a member of CARBIOS’ Board of Directors since 2016.

Ian HUDSON, aged 61, started his career with ICI, a former UK based multinational in chemicals and related sectors. In 1998, he joined DuPont de Nemours and held during a period of 17 years, several leading positions within the Company. He retired from the company in 2016 after serving 10 years as President Europe Middle East & Africa. He served as a member of the Executive Committee and Board of CEFIC and of EuropaBio. He was also a member of the Foundation Board of IMD and a member of the Swiss-American Chamber of Commerce. Ian HUDSON graduated from Oxford University with an MA degree in French and German.

About Carbios

Carbios is a green chemistry company whose innovations help address the environmental and sustainable development challenges facing manufacturers. Since its creation in 2011 by Truffle Capital, the Company has developed, through biotechnology, two industrial processes that revolutionize the biodegradation and recycling of polymers. These innovations, a world first, optimize the performance and lifecycle of plastics and textiles by exploiting the properties of highly specific enzymes.

Carbios’ economic development model is based on the industrialization and commercialization of its products and/or enzymes, technologies and bioprocesses through license concessions directly or through joint ventures to major industrial players or sectors concerned by the Company’s innovations. As such, Carbios created the joint venture Carbiolice in September 2016, in partnership with Limagrain Ingredients and the SPI fund operated by Bpifrance. This company, of which Carbios has majority control, will exploit the first technology licensed by Carbios by producing enzymatic granules for the production of biodegradable and biobased plastics.

Carbios benefits from the qualification “Innovative Company” of Bpifrance allowing the eligibility of the Company’s securities for the investment of Mutual Funds Placement in Innovation (FCPI). For more information, please visit: www.carbios.fr

Carbios is eligible for the PEA-PME, a government program allowing French residents investing in SMEs to benefit from income tax rebates.

Investor relations & press


CARBIOS
Benjamin Audebert
Investor Relations/Corporate Communications
+33 (0)4 73 86 51 76
contact@carbios.fr

Media Relations (Europe)
Tilder
Marie-Virginie Klein
mv.klein@tilder.com
+33 (0)1 44 14 99 96

Media Relations (U.S.)
Rooney Partners

Kate L. Barrette
kbarrette@rooneyco.com
+1 212 223 0561

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