Sabherwal steps down as Aventine CFO

By Bryan Sims | February 04, 2009
Web exclusive posted Feb. 17, 2009, at 2:41 p.m. CST

According to Aventine Renewable Energy Holdings Inc., Ajay Sabherwal has resigned as its chief financial officer to pursue another opportunity.

Sabherwal has served as CFO for Aventine since November 2005. Prior to joining Aventine, Sabherwal was the executive vice president, finance and chief financial officer of Choice One Communications Inc., a telecommunications company. He was employed by Choice One Communications from September 1999 until November 2005. From June 1996 to September 1999, Sabherwal was executive director of institutional equity research for Toronto-based CIBC World Markets.

"Ajay has been an important part of Aventine's management team and has made significant contributions to our company over the past three years," said Aventine President and Chief Executive Officer Ron Miller. "We will miss him and wish him and his family the very best."