#Recycling / Circular Economy

2020-09-10

Carbios appoints Kader Hidra as Chief Financial Officer

Carbios (Euronext Growth Paris: ALCRB), a company pioneering new bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers, announced today the appointment of Kader Hidra as Chief Financial Officer and member of the Executive Committee of the Company.

Distinguished industry leader to head financial portfolio as Carbios enters industrial development phase

“We are delighted to welcome Kader as Carbios’ Chief Financial Officer. His in-depth knowledge of financial markets, along with his experience in leadership roles in the sustainability sector, will undoubtedly have a major impact on the Company,” said Jean-Claude Lumaret, Chief Executive Officer of Carbios.

Mr. Hidra joins Carbios with more than a decade of experience in finance. Prior to joining the firm, he was the Chief Executive Officer of Citégestion, a digital start-up specialized in asset management and software development for Smart Cities. Previously, he was Investor and Markets Director at the EDF Group, a French electricity company which is a global leader in low-carbon energies. Before that, Mr. Hidra worked in London-based investment banks including Morgan Stanley and Berenberg Bank.

As Chief Financial Officer, Mr. Hidra will support Carbios as it moves to industrialize its processes. He will lead the management and organization of the Company’s finances to strengthen a team already skilled in investor relations, financial communication, and financial monitoring. Mr. Hidra brings to Carbios his deep expertise in financial markets as well as his managerial experience acquired within large international groups and innovative start-ups.

Mr. Hidra obtained his MBA from Duke-Fuqua School of Business and his engineering degree from the National Polytechnic Institute of Grenoble (France).

“Kader is a great asset to Carbios’ Executive Committee and will support its industrial development. The recent success of the Company’s capital increase attests to the growing interest of investors in our innovative and sustainable technologies, and gives Kader the keys to support the management of our financial strategy,” said Ian Hudson, Chairman of Carbios’ Board of Directors.

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Driving WARP KNIT Inspiration

KARL MAYER sees performance fabrics and next-level textile solutions in particular as potential growth drivers for its customers, as a motor for business development and as real game changers for the entire textile industry. Innovation does not happen by chance. It is the result of close exchange with customers & brands, textile expertise and competence in textile machine engineering. This is why KARL MAYER is investing in progress and collaborative development and opening its TEXTILE INNOVATION CEN-TER (TIC) – a place to be for the entire textile world.