Accelergy Names Victor Sprenger as CEO.Former Engelhard Senior Executive Brings Extensive Energy, Chemical and Electronics Industry Expertise to Company PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Accelergy, a leading research and development company offering high throughput solutions for accelerated discovery, development and commercialization of advanced catalytic cat·a·lyt·ic adj. Of, involving, or acting as a catalyst: "Deregulation's catalytic power . . . is still reshaping the banking, communications, and transportation industries" Ellyn E. materials, today announced that Victor Sprenger has joined the company as chief executive officer, succeeding founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , William Chen. "This is an exciting time in the research and development community. Accelergy has transformed the R&D process, helping companies extend their research capabilities to dramatically reduce time to market and increase competitive advantage," said Sprenger. "I look forward to working with such an innovative, talented group of executives in leading the way toward future success." "Vic brings over 37 years of experience from the chemical and electronics industries to Accelergy," stated Ira Ehrenpreis, an Accelergy board member and general partner of Technology Partners. "His extensive experience and his demonstrated leadership will be instrumental in carrying on our vision and leading the company to continued growth." Sprenger was most recently Group Vice President and General Manager of Process Technologies Group at Engelhard Corporation, where he managed an $800 million catalyst business consisting of over 3,000 employees, 10 plants and four global research and development centers. Sprenger was also the Vice President of Marketing for Engelhard's refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar group and led a restructuring effort that resulted in significant and sustainable success for the business. Prior to Engelhard, Sprenger was Vice President of Electronic Materials at Macdermid, Inc., and was a senior executive at both Hercules, Inc, and Colight/Cugher. Sprenger holds a bachelor's degree in industrial engineering from Virginia Polytechnic Institute and began his career with AT&T's Western Electric. "Accelergy's vision has always been to fundamentally change and accelerate the research and commercialization process for advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . We are extremely excited to have Vic lead our world class team to deliver greater value from advanced research," said Dr. Bernie Bulkin, former chief scientist of British Petroleum and board member of Accelergy. About Accelergy Corporation Accelergy Corporation is a research and development company collaborating with global strategic partners to accelerate the discovery, development, and commercialization of advanced materials utilized in the energy industry. Accelergy minimizes the risk and cost of product development, while maximizing speed to market of advanced materials by seamlessly integrating proprietary, high throughput systems with strategic research partnerships, knowledge generating software, and scaleable R&D assets. From enhanced catalytic materials development, to new technology platforms, to accelerated commercialization, Accelergy drives innovation. The company currently has offices in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , and Shanghai, China and is backed by a group of leading investors, including Advent International Advent International - a long-established and leading global private equity investor Background Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. , Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Lux Capital, Mobius VC, Nth Power, Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. China, and Technology Partners. For more information, visit www.accelergy.com. |
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