Solazyme
 |
|
| Type of business | Public |
|---|---|
| Traded as | NASDAQ: TVIA |
| Headquarters | South San Francisco, California, United States |
| Founder(s) |
Jonathan Wolfson Harrison Dillon |
| Key people | Apu Mody, CEO |
| Industry | Sustainable Foods, Food Ingredients, Renewable Oils |
| Slogan(s) | "Harnessing the power of algae, the mother of all plants and earth's original superfood" |
| Website | www |
Jonathan Wolfson
TerraVia Holdings, Inc. (formerly Solazyme) is a publicly held biotechnology company in the United States. TerraVia uses proprietary technology to transform a range of low-cost plant-based sugars into high-value oils and whole algae ingredients. TerraVia supplies a variety of sustainable algae-based food ingredients to a number of brands, which have included Hormel Food Corporation, Utz Quality Foods Inc., and Enjoy Life Foods. TerraVia also sells its own culinary algae oil under the Thrive Algae Oil brand.
Solazyme, Inc., was founded on 31 March 2003, with the mission of utilizing microalgae to create a renewable source of energy and transportation fuels. Founders Jonathan S. Wolfson and Harrison Dillon, who met while attending Emory University, started the company in Wolfson's garage. About their partnership, Dillon said: "Neither of us wanted to go work for some giant organization where we were a tiny cog in a huge wheel. We wanted to make a difference and create something that had never existed before.”
In 2013 Dillon announced his decision to step down from his full time position as CEO and member of Board of Directors of Solazyme and shift to a long-term consulting role focused on further developing the breadth of the technology platform and advising on intellectual property strategy.
Wolfson continued on as Chairman and CEO of Solazyme until August 2016 when he stepped down and assumed the role of Executive Chairman of the Board.
TerraVia appointed Apu Mody, former President of Mars Food America, as new CEO and a member of the Board of Directors, in August 2016. Mody brings over 25 years of experience and a strong record of financial success and innovation in the CPG, Retail and Restaurant sectors. Mody stated about his appointment, “With TerraVia’s unique portfolio of ingredients that provide better nutrition and sustainability with outstanding taste, the Company is on the verge of great things. I look forward to leading the team and realizing our mission of making a difference for both people and the planet.”
In 2004 and 2005, Solazyme began development of an algal molecular biology platform, and identified and initiated a platform for microalgae-based oil production. The company then expanded focus on skin and personal care products.
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