Montreal Biofuel Startup Appoints Former Lazard Banker as CFO [UPDATE]

Patrice Ouimet, Enerkem CFO

UPDATE | A spokeswoman for Enerkem in Montreal tells us that Patrice Ouimet replaces CFO  Pierre Richard, who left the company at the end of January. Richard joined Enerkem in early 2008.

Montreal-based Enerkem has appointed Patrice Ouimet, a former M&A investment banker with Lazard, as chief financial officer.

Ouimet was most recently an executive for an international apparel manufacturer.

Ouimet began his career with Ernst & Young. He later worked as a director working on mergers and acquisitions deals at Lazard and at CIBC World Markets.

Last December Enerkem scored $50 million in stimulus funding from the Department of Energy to support construction of a waste-to-biofuels power facility in Pontotoc, Miss.

The biofuel startup has raised venture capital funding from Rho Ventures, Braemar Energy Ventures and BDR Capital.

Image: Newswire Canada