Tuesday, August 03, 2010

Algae HR

Sapphire Energy, Inc. representatives have been slow to respond to our inquiries. It could be because the aspiring algae fuel producer is busy recruiting top talent from to join the ranks of “green” energy producers. If there is any question that the Department of Energy grants made in December 2009, a look at Sapphire suggests the grants at least freed up Sapphire’s own funds for expanding payroll.

In April 2010, veteran oil executive Dan Sajkowski has joined Sapphire as senior director for downstream technology. Sajkowski is a BP veteran with a background in chemical engineering. Another BP executive, C. J. Warner, had made the switch from BP to Sapphire in July 2009. Warner had been head of global refining for BP before assuming the post of president for Sapphire.

James Lambright, former head of the U.S. Export-Import Bank and Chief Investment Officer of the U.S. Treasury Department’s Troubled Asset Relief Program (TARP), was signed as Chief Financial Officer in early March 2010.

If there was an unemployment problem among senior executives, Sapphire is providing an answer. Sapphire’s human resources crew has been working overtime to expand the company’s board of directors. Earlier this year Sapphire added three directors with experience in the agriculture, oil and gas, and bio-tech industries. Robert Shapiro comes from Monsanto. David Allen is a former BP and venture capitalist David Shaw has bio-tech experience.

Sapphire promised to reach construction stage by Fall 2010. The construction phase should put a few “blue collars” onto the payroll.

Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.


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