Chicago, IL (PRWEB) November 9, 2010
GTL Resources USA Inc. (GTL) and its subsidiary, Illinois River Energy LLC (IRE), today announced the appointment of Jeffrey W. Lemajeur as Chief Financial Officer. “We are very pleased to add Jeff to our leadership team,” stated Richard Ruebe, Chief Executive Officer of GTL and IRE. “He brings significant financial and business experience in areas such as acquisitions, integration and capital transactions.”
Mr. Lemajeur will provide financial oversight for both GTL and IRE including the financial, accounting and information technology departments. He will also participate in overall strategy and business development initiatives.
Mr. Lemajeur is a certified public accountant and previously served as Chief Financial Officer for three publicly traded companies. Earlier in his career, he provided auditing services for global accounting firm Price Waterhouse. He will report to Richard Ruebe.
GTL Resources PLC, through its wholly owned subsidiary, GTL Resources USA, Inc., owns a majority interest in Illinois River Energy LLC. Illinois River Energy LLC operates a state-of-the art dry mill, corn-based processing facility which produces up to 115 million gallons of fuel grade ethanol and over 300,000 tons of dried distillers grains with solubles (DDGS) per year. The company’s strategy is to enhance manufacturing through the adoption of emerging technologies which will convert its standard plant into an advanced bio-refining facility and provide additional revenue and profit streams to the base ethanol business. GTL’s goal is to further grow by applying these new advanced bio-refining technologies to other ethanol plants through merger, acquisition and licensing. Learn more at Illinois River Energy and GTL Resources.