Avantium, a leading chemical technology company and forerunner in renewable chemistry, announces the appointment of Michiel Boersma as Chairman of its Supervisory Board. Michiel Boersma succeeds Jan van der Eijk, who has been Chairman of the Avantium Supervisory Board since 2011 and will now become the Chairman of the Supervisory Board of Synvina, the joint venture of BASF and Avantium.

Michiel Boersma is the former CEO of Essent and President of Shell Global Solutions. He currently holds the position of Chairman of the Supervisory Board of PostNL and Chairman of the Supervisory Board of TMG (Telegraaf Media Groep). He is also Distinguished Professor Corporate Governance at TIAS, the business school of Tilburg University and Eindhoven University of Technology. Michiel Boersma holds a doctorate in chemical technology from Eindhoven University of Technology.

Michiel Boersma said on his appointment: “I am very pleased to accept this role. Avantium is a leading technology company in the exciting new space of the bio-based economy. It operates at the forefront of the transformation of the chemical industry and has the potential to address large market opportunities.”

“We are very proud that Michiel Boersma has decided to join Avantium as Chairman of our Supervisory Board. He brings a wealth of experience and expertise,” says Tom van Aken, CEO of Avantium. “Avantium is advancing to the next phase of commercialization and development of the company. Michiel has first-hand experience in such exciting yet challenging processes and brings complementary skills with expertise in the chemical industry. In anticipation that the company will get access to the capital markets and interact with a broader range of investors we are pleased to get Michiel Boersma on board.

We would like to thank our former Chairman, Jan van der Eijk, for his dedication, strategic guidance and continuous support in his role of Chairman of Avantium. We look forward to continue working with him in his new role as Chairman of the Supervisory Board of Synvina.”

About Avantium

Avantium is a leading chemical technology company and a forerunner in renewable chemistry. Together with its partners around the world, Avantium develops efficient processes and sustainable products made from biobased materials. Avantium offers a breeding ground for revolutionary renewable chemistry solutions. From invention to commercially viable production processes. One of Avantium’s success stories is YXY technology®, with which it created PEF: a completely new, high-quality plastic made from plant-based industrial sugars. Since October 2016 all YXY activities are located in Synvina, the joint venture of Avantium and BASF. Avantium is also working on a host of other ground-breaking projects and provides advanced catalysis research services and systems to the leading chemical and petrochemical companies. Avantium’s offices and headquarters are based in Amsterdam, the Netherlands. Further information: Dominique Levant, Marketing & Communications Officer, dominique.levant@avantium.com | +31 20 586 01 32, or visit our website at www.avantium.com.

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