Renewable fuels provider New Generation Biofuels Holdings has appointed Dane Saglio as chief financial officer (CFO). Previously, Saglio was working as a consultant with emerging private companies in the areas of strategic planning, including exit strategies, transaction evaluation, capital structure, corporate governance, and financial and business operations evaluation, since December 2008.
Prior to that, Saglio served as CFO of EntreMed, a clinical-stage biopharmaceutical company focused on developing oncology therapies. He joined EntreMed as corporate controller in 2000 and was promoted to CFO in 2003 after teaming with the company’s chief operating officer (COO) to refocus the company’s development efforts and stabilise its’ finances and market position. While at EntreMed, Saglio led the company through the completion of equity transactions netting proceeds in excess of US$100m and collateralised debt agreements netting proceeds of US$20m. He was part of the senior management team responsible for EntreMed’s strategic, financial and operational planning, financial reporting and merger and acquisition (M&A) activities.
From 1996 to 2000, Saglio served as director of finance for Public Communications Associates, a New Jersey-based telecommunications company, where he managed a business operations unit with revenues in excess of US$40m. Before that, he was comptroller for a Washington, DC-based publicly traded real estate development and management company, Bresler & Reiner, for eight years. From 1985 until 1988, Saglio served as accounting manager for Sterling Software, having begun his career with Informatics General Corporation, a company that was acquired by Sterling Software in 1985.
Saglio earned his BSc degree in business administration from the University of Maryland and is a licensed certified public accountant (CPA).
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