John McCarthy suddenly leaves Qteros - report

(SeeNews) – Nov 18, 2011 – US biofuels producer Qteros on Thursday surprisingly parted its ways with its chief executive John McCarthy, with media reports pointing to a large number of staff also leaving the company, the Biofuels Digest said today.
Jason Matlof, Qteros board member and a Battery Ventures partner, confirmed to the news provider that McCarthy had left the company. He also said that the name of the new chief executive would be announced in the next few days. Matlof, however, sought to dismiss speculation that Qteros was closing and that it was selling its assets and equipment.
The company has been reported to have experienced troubles regarding planned USD 40 million (EUR 29.6m) capital raising.
(USD 1.0 = EUR 0.740)

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