Cereplast, a manufacturer of proprietary biobased, sustainable bioplastics, has appointed Michael Okada to lead the company's financial initiatives as CFO, effective February 5, 2013.
Okada joined Cereplast in April 2011 as vice president and corporate controller and was appointed to the role of chief accounting officer and interim CFO in February 2012.
Because of his service as interim CFO for the last year, Cereplast's board of directors believes Okada will maintain the "considerable accounting and business strength" moving forward.
"We are excited to promote Michael as our CFO as he has made exceptional contributions to the Company during the past two years," Cereplast chairman and CEO Frederic Scheer stated in the press release. "Michael's sound judgment, strong financial and operational expertise, and his broad understanding of our business and clients will make him an effective CFO for Cereplast. He is a key member of our senior management team, and we felt that with our current growth projections and expected sales volume for 2013, that now was the time to formally appoint him as our new CFO."
Okada has more than 20 of experience in senior executive roles at corporate finance and accounting organizations in both the private and public sectors. He received his Bachelor's degree in accounting from Santa Clara University and is a Certified Public Accountant.
"I am honored to accept the role as Cereplast's chief financial officer, and look forward to the company generating strong, long-term results for our shareholders," Okada stated. "We are at a critical inflection point, where we are poised to take advantage of emerging growth opportunities in the bioplastic industry."
For more information, visit cereplast.com
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