Imperium restructures staff, drops IPO

By | February 11, 2008
Imperium Renewables Inc. recently announced a reduction of its "corporate workforce," which company spokesman John Williams said would not impact production at its 100 MMgy biodiesel plant in Grays Harbor City, Wash. "The move is part of an ongoing restructuring plan that realigns the company to address short-term challenges and ensure the company's long-term growth," he said. In December, Imperium replaced Chief Executive Officer Martin Tobias with company founder John Plaza. The company also withdrew its planned initial public offering (IPO).
 
 
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