BURLINGTON, ON, Jan. 9, 2017 /CNW/ - EcoSynthetix Inc. (TSX: ECO) ("EcoSynthetix" or the "Company"), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, today announced that Mr. Martin Hubbes has been appointed to the Board of Directors and Dr. Arthur Carty has decided to retire from the Board.
"Martin brings a tremendous level of expertise which is complementary to our current team and important to our growth," said Paul Lucas, Chair of the Board of EcoSynthetix. "And, on behalf of everyone at EcoSynthetix, I thank Arthur for the commitment and scientific leadership he has provided through a formative period of the organization."
Mr. Hubbes brings decades of investment industry and capital markets experience to the Board. As Executive Vice President and Chief Investment Officer at AGF Investments, he led a team of investment professionals managing more than $35 billion in assets. Prior to his appointment as CIO in 2005, he was a Portfolio Manager at AGF overseeing an investment portfolio of more than $5 billion. Mr. Hubbes is currently managing personal investments in early-stage companies.
"I am pleased to welcome Martin to our Board," said Jeff MacDonald, CEO of EcoSynthetix. "He shares our view that our engineered biopolymers represent great value as a step forward for sustainability and innovation in building materials, and other markets that are currently dominated by harmful chemicals. We look forward to applying Martin's insight as we execute on our strategy."
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company's flagship products, DuraBind™ and EcoSphere®, are used to manufacture wood composites, paper and packaging, and enable performance improvements, economic benefits and sustainability. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).
SOURCE EcoSynthetix Inc.