Recent Updates — GEVO
The Board of Directors approved the appointment of K’Lynne Johnson as a Class II director, with her term expiring at the 2027 annual meeting. Effective November 4, 2026, she will receive an annual cash retainer of $85,000 and an equity grant valued at $63,000. Ms. Johnson brings over three decades of experience in sustainable technologies and manufacturing, having previously served as CEO of Elevance Renewable Sciences and currently serving on the boards of FMC Corporation and Trinseo PLC. Gevo is a next-generation diversified energy company developing renewable fuels, including sustainable aviation fuel (SAF), renewable natural gas (RNG), and specialty chemicals.
On August 20, 2026, Gevo appointed Greg Hanselman as Chief Operating Officer, effective immediately. Mr. Hanselman receives an annual base salary of $380,000 and is eligible for a cash incentive equal to 65% of his base salary plus equity grants valued at 215% of his annual base salary. The company also announced expanded responsibilities for Kyle James as Chief Commercial and Risk Officer and Dave Kettner as Chief Legal and Emerging Business Officer. Gevo operates in the renewable energy sector, producing low-carbon fuels such as sustainable aviation fuel (SAF), renewable natural gas (RNG), and specialty chemicals.
Gevo reported a net loss of $177 million, or $0.75 per share, for the second quarter ended June 30, 2026, driven by a $176 million one-time non-cash impairment charge related to its ATJ-60 project in South Dakota and other non-core activities. The company exited these low-carbon ethanol and sustainable aviation fuel operations to focus on its North Dakota facility. Revenue was $47 million, while Non-GAAP Adjusted EBITDA reached $11 million. Gevo raised its full-year 2026 Non-GAAP Adjusted EBITDA outlook to more than $60 million, doubling the previous target of $30 million, supported by a new Canada Clean Fuel Regulation pathway and expected Section 45Z tax credit monetizations exceeding $70 million. The company operates in the renewable fuels, chemicals, and carbon management industry.