Gevo appoints new CFO to drive financial strategy

ENGLEWOOD, Colo. - Gevo, Inc. (NASDAQ: GEVO), a diversified energy company with a market capitalization of $266 million, announced the appointment of Oluwagbemileke (Leke) Agiri as its new Chief Financial Officer, effective since last Thursday. Agiri succeeds L. Lynn Smull, who will now serve as Executive Vice President and Senior Advisor to the CEO.

Agiri joined Gevo in August 2022 and has since played a pivotal role in the company’s financial planning and strategy. His appointment comes as the company faces significant challenges, with InvestingPro data showing negative EBITDA of $54.6 million and rapid cash burn, despite maintaining a healthy current ratio of 2.04. His previous experience spans significant roles in corporate finance and capital markets within the renewable energy sector, including positions at Bank of America, Occidental Petroleum Corporation, and Anadarko Petroleum Corporation.

Lynn Smull expressed confidence in Agiri’s capabilities, highlighting his contributions to the company and looking forward to aiding in strategic initiatives and a smooth transition. Patrick Gruber, CEO of Gevo, commended Agiri’s leadership and expertise, stating that his appointment is part of the company’s long-term succession planning and its commitment to growth. The company has shown impressive revenue growth of 145% in the last twelve months, reaching $42 million, though InvestingPro analysis indicates the stock remains undervalued based on its Fair Value calculations.

Gevo focuses on producing renewable energy solutions like synthetic aviation fuel, motor fuels, and chemicals, aiming to enhance energy security and support rural communities. The company operates one of the largest dairy-based renewable natural gas facilities in the U.S., an ethanol plant with carbon capture and sequestration, and a production facility for specialty alcohol-to-jet fuels.

The leadership change reflects Gevo’s strategy to build a robust team for future challenges and opportunities in the energy sector. This news is based on a press release statement from Gevo, Inc.

In other recent news, Gevo Inc. reported its Q1 2025 financial results, revealing a slight revenue miss. The company posted a revenue of $30.9 million, falling short of the expected $31.91 million. Despite this shortfall, Gevo is focusing on strategic initiatives, including the monetization of 45Z tax credits and the expansion of its alcohol-to-jet (ATJ) plant capacity. The company’s commitment to low-carbon solutions and strategic partnerships continues to highlight its growth potential. Gevo’s Chief Executive Officer, Patrick Gruber, emphasized the value of carbon credit monetization and the company’s efforts in carbon abatement. Analysts from firms like Jefferies and H.C. Wainwright discussed Gevo’s plans for monetizing tax credits and the potential for EBITDA-positive status in 2025. Additionally, Gevo has signed key offtake agreements and is exploring global opportunities for deploying its ATJ technology. These developments underscore Gevo’s focus on improving its financial standing and driving future growth.

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