Sapphire Energy Inc., a San Diego-based developer of algae cultivation technologies, announced the appointment of biotechnology veteran James Levine as president, CEO and member of the board of directors.
Levine replaces Cynthia "CJ" Warner, who is stepping down from her post effective immediately. She will remain chairman of the company's board of directors.
Levine was formerly president and CEO of Verenium Corp., a Nasdaq-listed industrial biotechnology company that develops commercial-scale enzyme solutions using proprietary and patented technologies for industries worldwide. At Verenium, he fostered and managed the company's most critical partnerships, including BP, which acquired the company's cellulosic ethanol unit in 2010, as well as DuPont, Royal DSM, Bunge North America, Cargill, Novus International Inc., Colgate-Palmolive Co. and Tate & Lyle PLC, among others.
Prior to Verenium, Levine was a managing director in the global energy group at Goldman Sachs & Co.