EDTXethanol Corporation (AMEX: XNL), a renewable energy company, has hired Dr. Rom Papadopoulos, former Managing Director of The Jacoby Group, an Atlanta based investment group, to serve as its Chief Operating Officer and Chief Financial Officer. In those roles, Dr. Papadopoulos will explore growth alternatives for Xethanol’s business. Those alternatives include mergers and acquisitions, investments, and new product lines in renewable energy. The company also announced that its previous Chief Financial Officer, Gary Flicker, will pursue other career interests.
Dr. Papadopoulos has over twenty years of investment/merchant banking and entrepreneurial experience. He was the founder and managing partner of The Intuitus Group LLC, a merchant banking firm based in Atlanta. He has extensive experience in capital raising activities with corresponding deal sizes of $10 to $50 million and buy or sell side M&A transactions with deal sizes up to $250 million across a broad range of industries including, chemical, energy and pharmaceutical/biotech industries. Dr. Papadopoulos is experienced in business start-ups, patent and intellectual property protection and strategies, business development and expansion, licensing, mergers and acquisitions, strategic planning, marketing and operations.
David Ames, President and CEO of Xethanol, said,
"I am pleased and impressed to have had the opportunity to work with Dr. Papadopoulos in his role as a consultant to us over the past few weeks, and I look forward to working with him to grow our business.” Mr. Ames also noted, “We greatly appreciate Gary Flicker’s significant contributions as our Chief Financial Officer over the past 18 months, and we wish him well in his future endeavors."
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