Intrexon Announces Key Management Appointment

WEST PALM BEACH, Fla., Oct. 8, 2015 /PRNewswire/ -- Intrexon Corporation (NYSE: XON), a leader in synthetic biology, today announced the appointment of Joseph L. Vaillancourt as Senior Vice President, Head of Environment Sector, succeeding Nir Nimrodi who continues in his role as Head of Corporate Development.  Mr. Vaillancourt will direct Intrexon's endeavors to generate sustainable, biologically based solutions to environmental problems.

Mr. Vaillancourt brings to Intrexon over two decades of experience in companies ranging from start up to Fortune 500 companies in environmental and industrial businesses.  Most recently he founded and served as Managing Partner of V Enterprises LLC dba Venture Enterprises, a strategic, management and operational advisory firm supporting companies across a variety of sectors including waste to energy, recycling, diversified industrial products, and financial services.  Prior to that, Mr. Vaillancourt spent over 15 years with Waste Management Inc., a leading provider of environmental solutions services in North America, where he held a variety of key roles including, Vice President of Corporate Venturing, as well as Managing Director of Finance, Business Optimization and Strategy for Wheelabrator Technologies Inc., a wholly-owned subsidiary of Waste Management.  He was one of the founding members of Waste Management's corporate venturing group focused on developing new growth platforms in the environmental, sustainability, energy, recycling, and cleantech sectors.  He also previously served as a Founder and Principle at Red Team Consulting Group, LLC an advisory firm supporting private equity firms in the specialty contracting, industrial, and fabrication sectors.  Mr. Vaillancourt received both an M.B.A and a B.S. in Accounting and Finance from the University of Massachusetts.

"Intrexon is at the leading edge of bio-based innovation to address existing and emerging world problems," remarked Mr. Vaillancourt.  "I am excited to join the Intrexon team to contribute my experiences in sustainability issues and business development to help advance the Company's mission of environmental stewardship."

"We have achieved important progress in our Environment Sector over the past year, in particular adding Oxitec as the cornerstone of our environmental efforts.  Along with our other collaborations in this space, we are ready to expand to the next level," commented Nir Nimrodi, Senior Vice President and Head of Corporate Development.  "Joe's diverse experience in delivering value to stakeholders in areas such as bioremediation, turning waste to valuable assets and recycling, will be an asset to Intrexon in further building our Environment programs and expanding our collaborative partnerships."

Randal J. Kirk, Chairman and Chief Executive Officer of Intrexon, added, "Joe's domain knowledge and broad industrial experience will complement Intrexon's capabilities in biological systems to create opportunities for our synthetic biology solutions to benefit the environment.  We greatly look forward to working with him."  

About Intrexon Corporation Intrexon Corporation (NYSE: XON) is Powering the Bioindustrial Revolution with Better DNA™ to create biologically-based products that improve the quality of life and the health of the planet. The Company's integrated technology suite provides its partners across diverse markets with industrial-scale design and development of complex biological systems delivering unprecedented control, quality, function, and performance of living cells. We call our synthetic biology approach Better DNA®, and we invite you to discover more at www.dna.com.

Trademarks Intrexon, Powering the Bioindustrial Revolution with Better DNA, and Better DNA are trademarks of Intrexon and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor Statement Some of the statements made in this press release are forward-looking statements.  These forward-looking statements are based upon our current expectations and projections about future events and generally relate to our plans, objectives and expectations for the development of our business.  Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this press release.

For more information regarding Intrexon Corporation, contact: Investor Contact:Christopher BastaVice President, Investor RelationsTel: +1 (561) 410-7052[email protected]

Corporate Contact:Marie Rossi, Ph.D.Senior Manager, Technical CommunicationsTel: +1 (301) 556-9850[email protected]

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SOURCE Intrexon Corporation