November 6, 2011

Pinova Holdings, Inc. Announces the Appointment of Theodore H. Butz as President and Chief Executive

Brunswick, Georgia – Pinova Holdings, Inc. (“Pinova Holdings”), a global leader in manufacturing natural and renewable specialty chemicals, announced today that it has named Theodore (Ted) H. Butz as President and Chief Executive Officer (CEO). Mr. Butz will also be joining the Pinova Holdings Board of Directors.

Mr. Butz brings over 20 years of experience in building specialty chemicals businesses. Prior to joining Pinova Holdings, he was Group President for the Specialty Chemicals business at FMC Corporation (NYSE: FMC). During his tenure at FMC, Mr. Butz held a variety of leadership positions in markets serving food ingredients, pharmaceuticals, personal care, biomaterials, energy storage, and polymer customers. He also had responsibility for FMC’s corporate strategy, corporate development and health and safety activities. Earlier in his career with FMC, Mr. Butz served as General Manager of the BioPolymer and Food Ingredients Divisions as well as Managing Director for FMC’s Asian operations based in Hong Kong. Prior to joining FMC, he held multiple leadership positions at American National Can, Staley Continental, Dole Foods and the Clorox Company.

We are thrilled to have someone of Ted’s caliber to lead and grow Pinova Holdings,” said David Bookbinder, Chairman of Pinova Holdings. Ted’s extensive experience leading global specialty chemicals businesses made him the ideal choice for CEO. He has a proven track record of growing companies, developing and executing long-term strategy, and seizing new opportunities to create value through organic growth and acquisitions.”

I am very excited to be joining the Pinova Holdings team,” said Mr. Butz. Pinova Holdings’ operating companies, Pinova and Renessenz, have a long history of providing their global customers with unique and innovative natural specialty products. I am delighted to be joining a company that has a tremendous track record, an impressive leadership team, dedicated employees, unique capabilities and chemistries, and a strong global customer base of industry leaders. My goal is to build on a century-long history of innovation, quality and customer service and continue to grow our business globally.”

Mr. Butz holds an M.B.A. from the University of San Francisco and a B.S. in Finance from Arizona State University.

About Pinova Holdings, Inc. 

Pinova Holdings, Inc. is a global leader in specialty chemicals manufactured from natural and renewable feedstocks. Through its two operating companies, Pinova, Inc. and Renessenz LLC, Pinova Holdings provides proven, high-quality products to market leading customers around the world. Headquartered in Brunswick, GA, Pinova Holdings operates three manufacturing facilities located in the southeastern United States.

Pinova Holdings is a rare example of a fully-proven, commercialized green chemistry business. Sustainability is the cornerstone of the business. Both Pinova and Renessenz use locally abundant, natural, renewable feedstocks, including by-products of the forestry, pulp and paper and agricultural processes, and convert them into high value products, making the most of nature’s resources. For more information, visit www​.pino​va​hold​ings​.com.