Board of Directors

AE Biofuels is building the world’s first vertically integrated company developing biofuel solutions for the world’s renewable energy needs on a global basis. A management team with deep experience across the biofuels value chain is key to our success.

Eric A. McAfee – Chairman and CEO

Mr. McAfee is an entrepreneur and venture capitalist with a lifelong commitment to agriculture and renewable energy. After growing up on a farm near Fresno, California, he co-founded Organic Pastures Dairy Company, a 400-acre raw milk dairy and distribution company that is now the largest in the United States, and McAfee Farms, a producer of organic almonds.

Mr. McAfee is a founding shareholder of $800 million revenues Pacific Ethanol (Nasdaq: PEIX), a leading ethanol producer in the Western United States. Pacific Ethanol received an $84 million investment from Microsoft Chairman Bill Gates through his investment firm Cascade Investments and then raised $146 million at a $1.1 billion valuation. Mr. McAfee is also a founding shareholder of several publicly-held energy companies: Evolution Petroleum (Amex: NGSY), Pacific Asia Petroleum (symbol: PFAP), Particle Drilling Technologies (Nasdaq: PDRT), and World Waste Technologies (symbol: WDWT).

During his career, Mr. McAfee has funded more than twenty-five companies as a principal investor, and has founded six public companies with a combined high market value of $4 billion.

In 2007, Mr. McAfee was awarded the Opportunity International Founder's Award for his work related to third world development through biofuels.  OI is one of the world's largest micro-finance companies, with more than 1 million clients annually in 35 countries.

Mr. McAfee graduated as the Dean’s Medalist from the Fresno State University business school, and is a graduate of the Harvard Business School Private Equity and Venture Capital program and the Stanford Graduate School of Business Executive Program.

Harold Sorgenti – Board Member

Mr. Sorgenti was appointed to the Board of Directors of the Company in November 2007. Since 1998, Mr Sorgenti has been the principal of Sorgenti Investment Partners, a company engaged in pursuing chemical investment opportunities. Sorgenti Investment Partners acquired the French ethanol producer Societe d'Ethanol de Synthese (SODES) in partnership with Donaldson, Lufkin & Jenrette in 1998. Prior to forming Sorgenti Investment Partners, Mr. Sorgenti served a distinguished career that included the position of President/CEO of ARCO Chemical Company from 1979 to 1991, including leadership of the 1987 IPO of the company. Mr. Sorgenti is also the founder of Freedom Chemical Company. Mr. Sorgenti is a member of the board of directors of Provident Mutual Life Insurance Co. and Crown Cork & Seal. Mr. Sorgenti received his B.S. in chemical engineering from City College of New York in 1956 and his M.S. from Ohio State University in 1959. Mr. Sorgenti is the recipient of honorary degrees from Villanova, St. Joseph's, Ohio State, and Drexel Universities.

Michael L. Peterson – Board Member

Mr. Peterson has worked in the securities industry in various capacities for nearly twenty years. For the majority of his career, he was employed by Goldman Sachs & Co., where, as vice president, he was responsible for a team of professionals that advised and managed over $7 billion in assets for high net worth individuals and institutions. Mr. Peterson joined Merrill Lynch in 2000 to form and help launch its Private Investment Group, and most recently he served as a managing partner of American Institutional Partners, LLC. in charge of venture investing. In December 2005, he formed Pascal Investments, a private equity firm. Mr. Peterson received a BS in Computer Science and Statistics, and an MBA from Brigham Young University.

John Block – Board Member

John Block has dedicated his professional career to the fields of agriculture, food, and health. His accomplishments in agriculture began with the building of a large and successful hog operation in his home state of Illinois where he also served as the Director of Agriculture from 1977-1981. He was tapped by President Reagan to serve as the Secretary of the U.S. Department of Agriculture from 1981-1985, where he played a key role in the development of the 1985 Farm Bill. He is now a Senior Legislative Advisor to Olsson Frank Weeda Terman Bode Matz, P.C., an organization that represents the US food industry. Secretary Block was formerly a member of the Board of Directors of John Deere & Co. and Hormel Foods Corp. From January 2002 until January 2005, Secretary Block served as Executive Vice President of the Food Marketing Institute. From February 1986 until January 2002, Secretary Block served as President of Food Distributors International. Secretary Block received his B.A. from the US Military Academy at West Point, NY.

Management Team

Eric A. McAfee – Chairman and CEO

Mr. McAfee is an entrepreneur and venture capitalist with a lifelong commitment to agriculture and renewable energy. After growing up on a farm near Fresno, California, he co-founded Organic Pastures Dairy Company, a 400-acre raw milk dairy and distribution company that is now the largest in the United States, and McAfee Farms, a producer of organic almonds.

Mr. McAfee is a founding shareholder of $400 million revenues Pacific Ethanol (Nasdaq: PEIX), a leading ethanol producer in the Western United States. Pacific Ethanol received an $84 million investment from Microsoft Chairman Bill Gates through his investment firm Cascade Investments and then raised $146 million at a $1.1 billion valuation. Mr. McAfee is also a founding shareholder of several publicly-held energy companies: Evolution Petroleum (Amex: NGSY), Pacific Asia Petroleum (symbol: PFAP), Particle Drilling Technologies (Nasdaq: PDRT), and World Waste Technologies (symbol: WDWT).

During his career, Mr. McAfee has funded more than twenty-five companies as a principal investor, and has founded six public companies with a combined high market value of $4 billion.

In 2007, Mr. McAfee was awarded the Opportunity International Founder's Award for his work related to third world development through biofuels.  OI is one of the world's largest micro-finance companies, with more than 1 million clients annually in 35 countries.

Mr. McAfee graduated as the Dean’s Medalist from the Fresno State University business school, and is a graduate of the Harvard Business School Private Equity and Venture Capital program and the Stanford Graduate School of Business Executive Program.

Andy Foster – EVP, President & COO of American Ethanol Subsidiary

Andy Foster has lead organizations with multi-million dollar budgets for the past nine years. He served as Vice President of Corporate Marketing for Marimba, Inc., which was acquired by BMC Software (NYSE: BMC: 2006 revenues $1.4 billion). Following BMC's acquisition of Marimba, Mr. Foster oversaw global public relations. Mr. Foster served as Group Director of Corporate Marketing for Cadence Design Systems, the leading EDA software company (NASDAQ: CDNS: $1.4 billion), and as Director of Corporate Marketing for eSilicon Corporation, a private fabless semiconductor company. In addition, Mr. Foster has ten years of experience in public policy including key roles in the George H.W. Bush White House from 1989 to 1992 as Associate Director of Political Affairs, and in the office of Governor Jim Edgar (Illinois) from 1995 to 1998 as Deputy Chief of Staff. Mr. Foster managed Governor Edgar's successful re-election campaign in 1994. Andy Foster has a Bachelor of Arts degree from Marquette University.

Scott Janssen – Chief Financial Officer

Scott Janssen has over fifteen years of experience in corporate finance and public accounting. He has significant experience in the areas of IPOs, private placement debt offerings and mergers & acquisitions transactions. Prior to joining AE Biofuels, he worked at both public and private technology companies including Avanex (AVNX), ArcSight (ARST), Barcelona Design and Electric Cloud, where he served either as a finance and accounting executive or as a business consultant. Mr. Janssen holds a BS degree in Mathematics from the University of California, Los Angeles and is a licensed CPA in the state of California.

Todd Waltz – Corporate Controller

Todd Waltz has served in the capacity of Controller at AE Biofuels since May 2008. His experience covers a range of high-growth, as well as mature and competitive businesses. Prior to joining AE Biofuels, Inc., Todd managed all financial aspects for Apple's Hardware R&D division, and later for the rapid growth Mac and Apple on-line services businesses. Todd was instrumental in implementing the world-wide system for standard and target costing that enabled Apple to manage costs for new products. Previously, Todd worked for Litton Applied Technology where he established a divisional audit program. He received his accounting training in the audit group of Ernst & Young. Todd is a licensed CPA and holds an MBA from Santa Clara University, a MST from San Jose State University, and a BA from Mount Union.

Todd Capser – VP of Project Development

Todd Capser has served as Director of Project Development at AE Biofuels since July of 2007 and is the Project Manager for the company’s next-generation Cellulosic Ethanol Demonstration Plant in Butte, Montana. Prior to joining AE Biofuels, Todd had an extensive political career on Capitol Hill where he served as a legislative aide with expertise in the areas of corporate business and healthcare. He returned to Montana as the Director of the Rocky Mountain Technology Foundation, helping expand Montana's telemedicine network to one of the largest and most advanced in the nation. Most recently, Todd was the State Director for U.S. Senator Conrad Burns. Todd attended the Virginia Military Institute and Rocky Mountain College from where he graduated with a BS degree in Business Administration, and holds an MBA from Vanderbilt University.

Paul Jeschke – Chairman, Illinois Valley Ethanol

As a lifelong corn and soybean farmer, Paul Jeschke brings significant agribusiness experience to AE Biofuels. Paul currently serves as Chairman of Illinois Valley Ethanol (IVE), a wholly-owned subsidiary of AE Biofuels that was founded in 2004. In addition to operating a 3,500 acre family corn and soybean farm, Paul is involved in commercial development. Paul’s wife is a board member of the Illinois Corn Grower’s Marketing Association Board of Directors. Paul helped start a soy food product company, and worked for Agri-Tile, a farm drainage, tilling, and engineering firm. Mr. Jeschke received his BS in Agricultural Science from the University of Illinois.

Steven Lee, Esq. – Special Counsel

Mr. Lee is a former corporate associate at Wilson, Sonsini, Goodrich & Rosati, the leading law firm for technology companies in the Silicon Valley. He also served as corporate legal counsel and VP of Acquisitions and Alliances for BarterNet, a consolidator of B2B trading companies, where he was involved in more than 30 acquisitions and alliances. Mr. Lee holds a degree in International Relations from the University of Washington and is a graduate of Stanford University Law School.

Alesande Rozynko

Bio forthcoming

Sanjeev Gupta – President, International Biofuels

Mr. Gupta is an experienced global marketer of specialized chemicals and oils. Previously, Mr. Gupta was in charge of a petrochemical trading company with about $250 Million of annual revenues and offices on several continents, primarily trading products between second and first world sources. Previously, Mr. Gupta was General Manager of International Marketing for Britannia Industries, a subsidiary of Nabisco Brands, in India. Mr. Gupta received an MBA from the Faculty of Management Studies, University of Delhi and holds a bachelors of science (honors) from the University of Delhi.

Board of Directors

Management Team

© 2010 AE Biofuels, Inc.