AMRS - Amyris announces CEO resignation job cuts

2023-06-26 10:41:18 ET

• Amyris ( NASDAQ: AMRS ) said Monday John Melo has resigned as president, CEO and board member, effective immediately.
• The company's CFO Han Kieftenbeld has been named interim CEO. Kieftenbeld will remain as CFO.
• Amyris ( AMRS ) also announced a global workforce reduction as part of its cost cut efforts.
• The company aims to deliver cost cuts of ~$250M through effort including optimizing costs of goods sold, reducing operating expenses and streamlining its business portfolio.
• Shares of Amyris ( AMRS ) -0.9% in morning trade.
• Earlier, Amyris ( AMRS ) dropped 11% after the firm announced its capital structure transformation plan .

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