Codexis On Track Despite Executive Exodus

Codexis (Redwood City, CA) management and partnerships remain on track despite the recent departures of CFO Bob Lawson and CEO Alan Shaw, according to interim CEO Peter Strumph. Speaking at the Jefferies 2012 Global Clean Technology conference, held recently in New York, Strumph also said that the departures do not indicate a breakdown in the enzyme firm’s key partnership with Shell. Codexis shares plummeted 19% following Codexis’ February 17th announcement that Shaw, who had been with Codexis since it was spun out of Maxygen in 2002, had stepped...

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