Board of Directors
In addition to Frederic Scheer, who serves as Chairman of the Board, Petros Kitsos, Jacques Vincent, Franklin Hunt and Craig Peus also serve on Cereplast’s Board of Directors.
- Frederic Scheer Chairman, Chief Executive Officer
- Petros G. Kitsos Director
- Jacques Vincent Director
- Craig Peus Director
- Franklin Hunt Director
Mr. Scheer became involved in the biodegradable plastics industry in 1994 through Montedison SpA, a large chemical conglomerate operating Novamont SpA, an Italian resin manufacturer and research company. Foreseeing that the demand for biodegradable products in North America would expand rapidly by the end of the decade, Scheer secured the exclusive distribution rights in North America for various grades of Mater-Bi™ resins. Soon thereafter, he began North American distribution of Mater-Bi, a 100% biodegradable resin patented and produced by Novamont. He completely terminated his distribution rights with Novamont in early 2000 to work on new, more competitive resins patented by Cereplast.
Scheer founded the Biodegradable Products Institute (BPI), a non-profit organization, which has become the largest biodegradable association in the world, with over 40 members, including BASF, DuPont, GeorgiaPacific, NatureWorks, Dow and Eastman. Prior to his involvement in the biodegradable industry, Scheer was a merchant banker in Europe. He holds a Doctor of Laws from the University of Paris, a Masters Degree in Finance and a Masters Degree in Political Science from Institut d’Etudes Politiques, Paris, France. Scheer, a U.S. citizen, is fluent in French, Spanish, Italian and English.
Mr. Kitsos is the managing principal of TBL Strategy/TBL, LLC in Los Angeles. TBL Strategy provides a unique suite of professional services to diversified industrial companies designed to facilitate strategy formulation and execution, and to illuminate and solve challenges facing industry, investors and government.
Jacques Vincent was recently named vice chairman and advisor to the chairman, and previously served as the vice chairman and chief operating officer at Groupe Danone. He began his career with Danone in 1970 and has since held various financial and overall management positions within the company. Vincent is a graduate engineer of the Ecole Centrale, Paris, holds a bachelor’s degree in economics from Paris University and a master’s of science from Stanford University.
In addition to Vincent’s position at Groupe Danone, he is also the chairman of Daniel Carasso Research Center and Ecole Normale Superieure de Lyon, and a board member of Syngenta in Switzerland and Yakult Honsha in Japan.
Mr. Peus currently serves as the Chairman and Founder of One Simple Move Inc., a web-based relocation software company, a position he has held since June 2006. Mr. Peus also currently serves as an advisor to three operating companies providing general business advice. Mr. Peus has served as a Managing Director of Waveland Capital Group, Inc. a multi-service investment bank. From June 2003 through December 2009, Mr. Peus was the Managing Partner and Co-Founder of Blossom Street Capital Advisors, LLC, an investment banking firm and licensed broker/dealer. Mr. Peus has held executive level positions at Astera Care, LLC, MTS Health Partners, LP, KRS Kapital, LLC and was a financial analyst at Salomon Brothers, Inc. Mr. Peus received a Bachelor of Science degree in Biological Sciences from Stanford University.
Mr. Peus was appointed to serve as the Chairman of the Audit Committee of the Company.
Mr. Hunt is the owner of Hunt Business Consulting, a company that provides consultation to companies regarding current requirements under GAAP and IFRS. Mr. Hunt served as a member of HJ & Associates, LLC from 1995 through May 2010. Mr. Hunt received a Bachelor of Science degree from Brigham Young University. He is a member of AICPA and UACPA and is a CPA licensed in Utah.
