More than $60 million in projected 2026 Adjusted EBITDA is the target behind Gevo, Inc.'s (Nasdaq: GEVO) latest C-suite realignment. Three officers took expanded titles effective August 20: Greg Hanselman as Chief Operating Officer, Kyle James as Chief Commercial and Risk Officer, and Dave Kettner as Chief Legal and Emerging Business Officer. All three continue reporting to Chief Executive Officer Paul Bloom, who said the company's recent results show the strategy is working.
| Officer | New title | Scope added |
|---|---|---|
| Greg Hanselman | Chief Operating Officer | Production volume growth, plant cost optimization, carbon intensity reduction |
| Kyle James | Chief Commercial and Risk Officer | Enterprise risk management, market expansion |
| Dave Kettner | Chief Legal and Emerging Business Officer | Emerging business commercialization, licensing, new venture development, government affairs |
What each mandate covers
Hanselman's COO charge centers on Gevo North Dakota. Increased production volumes, lower plant costs and reduced carbon intensity are the stated operational targets, with benchmarking and continuous improvement as the stated methods.
James's expanded role brings customer demand and commercial strategy into a single function alongside enterprise risk. Low-carbon fuels, carbon markets and specialty products all sit inside his remit.
Kettner keeps his General Counsel duties and adds emerging business portfolio commercialization, technology licensing, new venture development and oversight of the sustainability, compliance and regulatory team.
The $60M figure: what Gevo's guidance means
The $60 million Adjusted EBITDA target is Gevo's own forward-looking guidance for 2026. It is a non-GAAP measure. Gevo defines it by adding back depreciation and amortization, impairment charges, allocated intercompany expenses, non-cash stock compensation, fair-value changes on derivative instruments and executive severance to GAAP operating net income or loss. The company has not supplied a GAAP reconciliation, citing difficulty forecasting the excluded items.
Bloom, in paraphrased remarks tied to the announcement, framed the appointments around disciplined execution: improving cash generation, growing the carbon business, operating and expanding Gevo North Dakota safely, and converting growth opportunities into financeable projects.
Gevo's asset base includes an ethanol plant with an adjacent carbon capture and storage facility and a Class VI carbon-storage well in Englewood, Colorado, a dairy-based renewable natural gas facility the company describes as one of the largest in the United States, and the world's first specialty alcohol-to-jet production facility, which has been running since 2012. A large-scale alcohol-to-jet facility is under development at the North Dakota site. Verity, a Gevo subsidiary, tracks and verifies sustainability attributes across the supply chain.