Danimer Scientific Appoints Anthony Austin as Chief Human Resource Officer

Rhea-AI Summary

Danimer Scientific (NYSE: DNMR) has appointed Anthony Austin as Chief Human Resource Officer, bringing over 30 years of HR experience from industry giants like PepsiCo and Delta Air Lines. His role will emphasize developing HR processes to support Danimer's growth and expanding manufacturing capacity. Austin's previous position at Bedrock Manufacturing Co. involved leadership in HR strategy and talent management. CEO Stephen E. Croskrey highlighted Austin's expertise as pivotal for scaling operations in response to increasing demand for biodegradable materials.

Positive

• Appointment of Anthony Austin as Chief Human Resource Officer expected to enhance HR processes.
• Austin's extensive experience in HR could lead to improved talent management and organizational alignment.
• Focus on developing HR practices to support company growth aligns with Danimer's expansion strategy.

Negative

• Concerns about continuity or experience gaps with the new HR leadership.

Austin brings more than 30 years of human resources leadership experience with PepsiCo, Delta Air Lines, Winn-Dixie and others

BAINBRIDGE, Ga.--(BUSINESS WIRE)-- Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next-generation bioplastics company focused on the development and production of biodegradable materials, today announced it has appointed Anthony Austin as Chief Human Resource Officer. In this role, Austin will focus on building best-in-class HR processes to strategically support the Company’s growth as it continues to expand its manufacturing capacity.

Austin joins Danimer from Bedrock Manufacturing Co., the parent company of Shinola, a luxury watch, leather and jewelry manufacturer and Filson, a 125-year-old Alaskan outfitter and manufacturer of high-quality outerwear, where he served as Executive Vice President, Chief Human Resources Officer since 2020. At Bedrock, Austin was responsible for the HR functions of both Shinola and Filson, including leadership development, strategy, organizational alignment, executive staffing, policy development, succession planning, talent management and acquisition.

Over his more than 30-year career, Austin has served in human resources roles of increasing responsibility at leading companies including PepsiCo, Winn-Dixie Stores, Inc., and Delta Air Lines, Inc. He is a graduate of the University of Oregon with a Bachelor of Arts degree in Business Management and a Master of Science degree in Labor Relations.

Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, said, “Anthony’s deep experience as a human resources leader makes him a perfect fit for Danimer as we scale our operations, meeting the increased demand for renewable and sustainable biopolymers that provide environmentally friendly alternatives to single-use plastics.”

“As I’ve worked across a variety of industries over my career, the one constant has been my focus on building work cultures that put employees first,” Austin said. “I’m excited to be joining Danimer at such a pivotal point in the company’s history, as momentum continues to build for biodegradable alternatives to traditional plastic, and I look forward to growing an HR support system that empowers employees to accelerate this important work.”

For more information, please visit www.DanimerScientific.com.

About Danimer Scientific

Danimer is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, films and injection-molded articles, among others. Danimer holds more than 390 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information, visit www.DanimerScientific.com.

Forward‐Looking Statements

Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company's customers; the Company's ability to implement its business strategy, including, but not limited to, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers, as well as consumer demand for our products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company's ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, our information systems; the ability of our information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; our ability to properly maintain, protect, repair or upgrade our information technology systems or information security systems, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220418005602/en/

For Danimer:

Investors

ir@danimer.com

Phone: 229-220-1103

Media

Jonathan Houghton

jhoughton@daltonagency.com

Phone: 615-515-4892

Source: Danimer Scientific, Inc.

FAQ

What is the significance of Anthony Austin's appointment as Chief Human Resource Officer for Danimer Scientific?

Anthony Austin's appointment as Chief Human Resource Officer is significant as it aims to enhance HR processes to support Danimer's growth strategy and improve talent management.

How does Anthony Austin's experience impact Danimer Scientific's workforce?

Austin's extensive experience in HR roles across various industries is expected to strengthen Danimer's workforce by fostering organizational alignment and leadership development.

What goals does Danimer Scientific have for its HR strategy under Anthony Austin's leadership?

Under Anthony Austin's leadership, Danimer Scientific aims to build a best-in-class HR system that supports company growth and aligns with the increased demand for biodegradable materials.

How might Anthony Austin's HR strategies affect Danimer Scientific's manufacturing capacity?

Austin's HR strategies could positively affect Danimer Scientific's manufacturing capacity by ensuring the right talent is in place to support operational expansion efforts.