In addition to Frederic Scheer, who serves as Chairman of the Board, Franklin Hunt, Craig Peus and Paul Pelosi Jr. also serve on Cereplast’s Board of Directors.
- Frederic Scheer Chairman, Chief Executive Officer
- Craig Peus Director
- Franklin Hunt Director
- Paul Pelosi Jr. Director
Frederic Scheer Chairman, Chief Executive Officer
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.
Craig Peus Director
Mr. Peus currently serves as President and Chief Operating Officer of Vedanta USA, LLC, a California-based consumer products company with global distribution. Prior to Vedanta, Mr. Peus was Managing Partner and Co-Founder of Blossom Street Capital Advisors, an investment banking firm and licensed broker/dealer. A serial entrepreneur and founder/co-founder of four businesses, he has held executive level positions at Astera Care LLC, MTS Health Partners LP and KPS Kapital LLC. Mr. Peus launched his career as a a financial analyst in the corporate finance department at Salomon Brothers Inc (now Citigroup) with a focus on the technology, media and telecommunication industries. 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.
Franklin Hunt Director
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.
Paul Pelosi Jr. Director
Paul Pelosi Jr. has 16 years experience in advising emerging and Fortune 500 companies in the areas of finance, infrastructure, sustainability and public policy. Pelosi is a founding member of Cisco Connected Urban Development. In 2003, Pelosi was appointed by San Francisco Mayor Willie Brown to the city’s Commission on the Environment, and served as its President. The Commission is responsible for developing policies and programs in recycling, toxics reduction, environmental justice, energy efficiency, commute alternatives, climate change, and the city’s urban forest. During his tenure, San Francisco implemented energy efficiency programs that resulted in a reduction of 28 megawatts of electricity, created programs that increased residential and commercial recycling from 46% to 70%, reduced San Francisco’s carbon emissions to 6% below 1990 levels, and became the first municipality to implement a ban on plastic bags.
Most recently, Pelosi was a Director at WR Hambrecht, in San Francisco, CA. Previous to that he served as Senior Vice President of Business Development at InfoUSA where he was responsible for identifying acquisitions and organizing programs to develop effective strategy for reducing waste and promoting greener practices in the market research industry. Pelosi currently serves as an adviser to governmental and private companies, including NASA Ames Research Center and AirPatrol Corporation, on a variety of infrastructure projects to promote both sustainable development and security. Prior to his independent consulting practice, Pelosi worked for Bank of America Securities and JPMorgan Chase where he worked in Corporate Finance and Institutional Sales. Pelosi is a graduate of Georgetown University with a Bachelor of Arts in History (Cum Laude) and a JD/MBA. He has been a member of the California State Bar since 1996.