Gevo Promotes Leke Agiri to Chief Financial Officer
ENGLEWOOD, Colo., May 27, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), is pleased to announce the appointment of Oluwagbemileke (Leke) Agiri as Chief Financial Officer, effective as of May 21, 2025. Mr. Agiri succeeds L. Lynn Smull, who will continue with the Company in a new role as Executive Vice President and Senior Advisor to the Chief Executive Officer, focusing on strategic initiatives and to aide and support a seamless transition.
Mr. Agiri brings extensive experience and leadership in corporate finance, capital markets, and strategic growth, both organic and inorganic. Since joining Gevo in August 2022, he has served in key leadership roles, most recently as Executive Vice President, Finance, where he has been instrumental in driving financial strategy and planning. His prior experience includes finance positions in the renewable energy and energy sectors at organizations including Bank of America (BAC), Occidental Petroleum Corporation (OXY) and Anadarko Petroleum Corporation (APC). Mr. Agiri earned a Masters in Business Administration in Finance and Energy from Jones Graduate School of Business at Rice University and a Bachelor of Science in Chemical Engineering from the University of Virginia.
'We've been developing Leke to replace me as the CFO as I approach retirement in my future. Leke has stepped up to every challenge that we have thrown at him. I look forward to a smooth transition with him. It's my duty to make sure I can help Gevo in any way possible. I also look forward to bringing my skills to bear on some of the exciting projects that Gevo is developing,' said Lynn Smull, Executive Vice President and former CFO of Gevo.
'Leke has been an integral part of our finance team and has demonstrated outstanding leadership and expertise in advancing Gevo's mission,' said Patrick Gruber, CEO of Gevo. 'His appointment reflects our long–term succession planning and confidence in his ability to help lead Gevo through its next phase of growth.
This leadership evolution reflects Gevo's commitment to building a strong, future-ready team capable of executing on its ambitious goals for innovation and value creation.'
About Gevo
Gevo is a next-generation diversified energy company committed to fueling America's future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo's innovative technology can be used to make a variety of renewable products, including synthetic aviation fuel ('SAF'), motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo's business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas ('RNG') facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration ('CCS') facility, further solidifying America's leadership in energy innovation. Additionally, Gevo owns the world's first production facility for specialty alcohol-to-jet ('ATJ') fuels and chemicals. Gevo's market-driven 'pay for performance' approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring, and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.
For more information, see www.gevo.com.
Forward-Looking Statements
Certain statements in this press release may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the promotion of Leke Agiri, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.
Media Contact
Heather L. Manuel
VP, Stakeholder Engagement & Partnerships
[email protected]
Investor Contact
Eric Frey, PhD
Vice President of Finance & Strategy
[email protected]
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
11 minutes ago
- Bloomberg
Senate GOP Plans to Boost CFPB Scrutiny, Cut Fed Employee Pay
The Senate Banking Committee is planning to eliminate all mandatory funding for the Consumer Financial Protection Bureau and restrict the pay of many Federal Reserve employees as part of the Senate's big tax and spending bill, according to a person familiar with the matter. The proposal, outlined in a committee memo, would require the CFPB to seek funding in the regular appropriations process rather than receive it from the Fed.
Bloomberg
12 minutes ago
- Bloomberg
President Trump Holds Meeting With GOP Senators
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Senator Peter Welch (D) Vermont talks about the Congressional Budget Office projecting President Trump's tariffs will cut the budget gap by $2.8 trillion. Retired General Ben Hodges, former Commanding General for US Army Europe, shares his thoughts on President Trump speaking with Russian President Vladimir Putin. Senator Roger Marshall (R) Kansas talks about the meeting he had in the White House with President Trump and other members of the Senate Finance Committee where they spoke about the tax bill. (Source: Bloomberg)
CBS News
21 minutes ago
- CBS News
Yuba City scales back water tower plaza project amidst budget shortfall, rising inflation
YUBA CITY – Yuba City is scaling back on its vision to revitalize Water Tower Plaza as prices have soared far beyond what was estimated just a few years ago. The once $1 million plan to revamp the area beneath the iconic and historic water tower on Plumas Street has doubled in cost. "This is a classic example of rising inflation. The bid was 3-4 years ago, things have gone up and therefore we're having to scale back the project," said Dave Shaw, mayor of Yuba City. Yuba City has $1.1 million left from a state grant to create a community-oriented plaza beneath the water tower. "That price tag is now coming in at about $2.2 million. So we've gotten creative and we've been working with the contractor we awarded the contract to," Shaw said. "We gave ourselves options in case there was additional money or options to shave some things," said Josh Wolffe, a senior civil engineer with Yuba City. Shaving some things is what took the city back to the drawing board. They said they want to keep the character of the original plans while reducing the dollar amount. That will include things like replacing the amphitheatre grass with concrete, removing the play structure and removing the electronic signage. Yuba City "We're going to settle for something in the $1.7-$1.8 million range and we're still looking to add as many of those amenities as we possibly can, which includes the archway that will be right over Plumas Street welcoming people into our downtown," Shaw said. The price is still coming in roughly $600,000 over budget, but the mayor said it'll come out of their capital improvement project fund. "Which is allocated for street improvements and different things that this project qualifies for. But it helps us fill that gap without taking funds from the general fund," Shaw said. Despite budget setbacks, the city said it's still on schedule. "They've already started removing the trees, the contractor is here, everything is fenced off," Shaw said. "We're looking for this to be another gem of our downtown business area." If construction stays on track, people could be enjoying the new plaza as early as this fall or winter.
