HOUSTON--(BUSINESS WIRE)--Gulf Alternative Energy Corporation (PinkSheets:GAEC) announced today the appointment of John D. Shearer as its new Chief Executive Officer. Mr. Shearer is a seasoned executive with a broad experience in the investment and public company arena.
He has been a partner in Conentric Capital and has held various positions in the investment banking business for over 40 years. He has worked with firms in New York and Miami before moving to Baytown, Texas, where he now lives. He has assisted numerous companies with the acquisition of growth capital, structured finance and mergers and acquisitions. He is a graduate of the University of Texas.
“I look forward to working with Gulf Alternative Energy in the development of alternative fuels technologies that will benefit the American consumer,” stated Mr. Shearer. “The United States has a pressing need to develop an effective alternative fuels industry and we look forward to being a part of the answer to America’s need.”
In addition, the company has updated its web-site and invites those interested in the Company to visit www.GulfAlternativeEnergy.com for an update on the Company. Gulf is focused on commercializing its cellulose pre-processing technology and on expanding its green technology portfolio.
Transforming cellulose to ethanol efficiently is a technical challenge that will transform the biofuels industry. Gulf Alternative Energy believes it has moved the industry much closer to economic viability with its preprocessing technology that turns non-food plant material (called biomass) into extremely small particles that can more quickly and more cheaply be turned into ethanol.
Monday, July 6, 2009
Gulf Alternative Energy Appoints CEO
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