November 20th, 2024
Today, we're thrilled to announce the addition of three distinguished industry leaders to the Alder Renewables Board. Each brings their own unique blend of expertise and insight to our work, and is committed to our mission to replace fossil-based products and help rebalance our relationship with the planet.
C.R. Sincock, II joins our board with an extensive background in aviation fuel and services. As Executive Vice President of Sincock-family owned Avfuel Corporation, the largest supplier of sustainable aviation fuel (SAF) in business aviation, C.R. brings Avfuel's 50+ years of logistics expertise to Alder Renewables.
C.R. leads Avfuel's focus on innovative sustainable solutions, including expanding the availability of physical SAF across Avfuel's network of airports, deploying robust book-and-claim programs, and making investments in next generation SAF technologies. He also serves as President and CEO of Avflight (26 FBOs globally) and sits on NATA's board. His operational leadership will be vital as we advance the Alder Renewable Crude (ARC) platform. Along with an undergraduate degree in economics from Harvard College and an MBA from Harvard Business School, C.R. is also completing a master's degree in biotechnology from Johns Hopkins University. Furthermore, C.R. is the founding investor and senior strategic advisor of Kriya Therapeutics, a leading gene therapy company developing long-term cures for chronic diseases.
Kennedy Ricci brings a unique blend of aviation heritage and sustainability expertise to our board. As the President of 4AIR, Kennedy has been at the forefront of facilitating the decarbonization of the aviation industry.
A passionate pilot himself, Kennedy comes from a family dedicated to aviation. He launched 4AIR to create programs that cater to the industry's unique needs while promoting transparency and making sustainability more accessible. These programs can include carbon offsets, new sustainable fuels, contrail mitigation, research around novel technologies, and tracing SAF through the Assure SAF registry.
Kennedy's perspective on the intersection of aviation and sustainability will be crucial as we continue to trial and test SAF derived from our core ARC platform.
We're also excited to welcome Darren Fuller, our very own Chief Commercial Officer, to the company board. Darren joined Alder Renewables in May 2022 and oversees our commercialization strategy, financial and customer engagement.
With nearly two decades of experience in aviation, Darren has spent his career at the intersection of business development, aviation, and sustainability. His extensive background includes roles at World Fuel Services, where he managed their exclusive relationship with Dow Chemical for aircraft deicers and over $350m in fixed assets to support branded dealership and airport relationships. Prior to joining Alder Renewables, he found a passion for sustainability and led efforts to introduce carbon reduction and accounting products to business and commercial aviation customers.
He is a past member of the Environmental Committee at the National Air Transportation Association, and a current member of the SAF Coalition, the goals of which are to advance sustainability initiatives across the aviation sector in the United States. Darren is a private pilot, avid golfer, and a graduate of Hamilton College.
The addition of these three industry leaders to our board comes at a crucial time for Alder Renewables. As we continue to develop our technology and pursue pilot scale development, their combined expertise and deep sector-specific experience will be invaluable.
Welcome aboard, C.R., Kennedy, and Darren. We look forward to the impact your collective experience will have on our work to unlock decarbonization for refiners and maximize their commercial optionality.
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