Synthesis Energy Systems Names CFO Charles Costenbader as COO

Synthesis Energy Systems

today announced that the SES Board of Directors is strengthening the company's operational capabilities by putting more experienced and high level resources to accelerate and improve the financial performance of its multiple global initiatives, including distributed power, DRI steel and Chinese joint ventures. "We believe this realignment brings new capability to SES. Executive leadership on the ground, combined with an increased vigor in financial creativity and structuring, will position the company to drive financial results," said Robert W. Rigdon, SES president and CEO. "This move is intended to positively impact our initiatives with our partners, GE, Midrex Technologies/Kobe Steel, and Zhangjiagang Chemical Machinery." SES' core commercial operations, Zao Zhuang (ZZ) and Yima JV methanol plants, showcase the advanced SES Gasification Technology's unique ability to cleanly convert low-grade, low-cost feedstocks to high-value energy end products with significant advantaged economics over crude oil and LNG. Charles Costenbader, who joined the company as Chief Financial Officer in September 2013, will now focus on SES operations as Chief Operating Officer. Roger L. Ondreko, who joined SES in May 2014 as Chief Accounting Officer and Corporate Secretary, will be given additional financial responsibilities serving