Carbios Appoints Kader Hidra as Chief Financial Officer

  • Distinguished industry leader to head financial portfolio as Carbios enters industrial development phase

Clermont-Ferrand, France, September 7th, 2020 (06:45 AM CEST)Carbios (Euronext Growth Paris: ALCRB), a company pioneering new bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers, announced today the appointment of Kader Hidra as Chief Financial Officer and member of the Executive Committee of the Company.

We are delighted to welcome Kader as Carbios’ Chief Financial Officer. His in-depth knowledge of financial markets, along with his experience in leadership roles in the sustainability sector, will undoubtedly have a major impact on the Company,” said Jean-Claude Lumaret, Chief Executive Officer of Carbios.

Mr. Hidra joins Carbios with more than a decade of experience in finance. Prior to joining the firm, he was the Chief Executive Officer of Citégestion, a digital start-up specialized in asset management and software development for Smart Cities. Previously, he was Investor and Markets Director at the EDF Group, a French electricity company which is a global leader in low-carbon energies. Before that, Mr. Hidra worked in London-based investment banks including Morgan Stanley and Berenberg Bank.

As Chief Financial Officer, Mr. Hidra will support Carbios as it moves to industrialize its processes. He will lead the management and organization of the Company’s finances to strengthen a team already skilled in investor relations, financial communication, and financial monitoring. Mr. Hidra brings to Carbios his deep expertise in financial markets as well as his managerial experience acquired within large international groups and innovative start-ups.

Mr. Hidra obtained his MBA from Duke-Fuqua School of Business and his engineering degree from the National Polytechnic Institute of Grenoble (France).

“Kader is a great asset to Carbios’ Executive Committee and will support its industrial development. The recent success of the Company’s capital increase attests to the growing interest of investors in our innovative and sustainable technologies, and gives Kader the keys to support the management of our financial strategy,” said Ian Hudson, Chairman of Carbios’ Board of Directors.

About Carbios

Carbios, a green chemistry company, develops biological and innovative processes to revolutionize the end of life of plastics and textiles. Through its unique approach of combining enzymes and plastics, Carbios aims to address new consumer expectations and the challenges of a broader energy transition by taking up a major challenge of our time: plastic and textile pollution.

Established in 2011 by Truffle Capital, the mission of Carbios is to provide an industrial solution to the recycling of PET plastics and textiles (the dominant polymer in bottles, trays, textiles made of polyester). The enzymatic recycling technology developed by Carbios deconstructs any type of PET plastic waste into its basic components which can then be reused to produce new PET plastics of a quality equivalent to virgin ones. This PET innovation, the first of its kind in the world, was recently recognized in a scientific paper published in the prestigious journal Nature. Additionally, Carbios is working hand in hand with multinational brands — like L’Oréal, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe — to implement its technology, and to lead the transition toward a truly circular economy.

The Company has also developed an enzymatic biodegradation technology for PLA (a bio sourced polymer) based single use plastics. This technology can create a new generation of plastics that are 100% compostable in domestic conditions, integrating enzymes at the heart of the plastic product. This disruptive innovation has been licensed to Carbiolice, a joint venture created in 2016, in which Carbios now holds a majority stake alongside the SPI fund operated by Bpifrance.

For more information, please visit https://carbios.fr/en/

Twitter: Carbios  Linkedin: Carbios  Instagram : carbioshq

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 (ISIN FR0011648716/ALCRB) 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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