Wanted: New CEO

Posted on April 29th, 2009 – 4:11 PM
By Thomas Lee

Draths Corp. is looking for a new CEO. The Plymouth-based start-up makes bio-based industrial materials from sugar extracted from non-petroleum renewable feedstocks like corn and sugarcane.

Not sure what happened to former CEO Jim Millis except that he left the company during its last round of fundraising- precisely the time when you need a CEO. Draths recently raised $7.9 million from Khosla Ventures, CMEA Capital, and TPG Growth.

Until they find a new leader, Draths is keeping a very low profile. The company won’t even say when it expects to hire one.

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