MONTREAL - BioAmber Inc. has recruited Mario Saucier to serve as its Chief Financial Officer, effective January 4, 2016. Andrew Ashworth, who came out of retirement in July 2015 to act as Chief Financial Officer on an interim basis, will leave BioAmber at the end of January 2016.

Saucier is an experienced financial executive who has worked in both entrepreneurial and public international companies. He will lead all finance activities including treasury, budget planning, investor relations and information systems, and will play a leading role in the company’s growth initiatives. Saucier was the Chief Financial Officer of Englobe from 2008 to 2013 and the Chief Accounting Officer of Quebecor World from 2005 to 2008. From 1993 to 2005 he held a variety of positions at Bombardier Transport Group, including VP of Finance and Administration, VP SAP Implementation, and VP Strategy and Performance. Since 2014, he has been the CFO of Gestion MB5, a privately held holding company for Norduyn Inc. and Transtex Composite Inc.

Ashworth retired from BioAmber at the end of 2014 after serving for three and half years as Chief Financial Officer of the company. He returned to the company in late July 2015 as interim CFO when the company’s CFO resigned unexpectedly.