Biofuels company Solazyme Inc. said Monday that it appointed Jean-Marc Rotsaert, a former executive of Campbell's Soup, Pepsico and Coca-Cola, as its chief operating officer.
Rotsaert will lead Solazyme's operations, including the expansion of its oils marketing to industrial and food markets, the company said in a news release.
San Francisco-based Solazyme makes oil using strains of algae that eat plant-based sugars. The company's target markets are fuels and chemicals, food, and personal care products.
Rotsaert currently is president and CEO of the U.S. business of AAK, a Swedish company that makes vegetable oils and fats for industries.
Solazyme shares fell 40 cents to close at $9.46.