VeraSun loses president to new startup

VeraSun Energy Corporation (NYSE: VSE), a leading producer of ethanol, announced that Bruce Jamerson stepped down from his role as president yesterday.

Jamerson, who will remain on the company's board, is moving on to lead an unnamed technology company as CEO. VeraSun would not disclose to the Cleantech Group which company he was going to.

Donald L. Endres, VeraSun Chairman and Chief Executive Officer, will assume Jamerson's responsibilities.

Jamerson was appointed President of VeraSun in 2004. Before joining VeraSun, he was president of Conifer Investments, which had acted as VeraSun's financial advisor since the company was founded in 2001.

VeraSun is headquartered in Brookings, South Dakota. The Company has two operating ethanol production facilities located in Aurora, South Dakota, and Fort Dodge, Iowa, and three facilities under construction in Charles City, Iowa, Hartley, Iowa, and Welcome, Minnesota. Upon completion of the new facilities, VeraSun will have an annual production capacity of approximately 560 MMGY by the end of first quarter 2008.

VeraSun had previously announced plans to extract oil from dried distillers grains, a co-product of the ethanol process, for use in biodiesel production (see VeraSun to produce ethanol AND biodiesel from same material.)

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