Before joining AE Biofuels, Mr Ahuja served in senior executive roles at Charles Schwab, the Citadel Investment Group, Sprint and Sun Microsystems.

Andy Foster has been promoted to president and COO of American Ethanol, the ethanol subsidiary of AE Biofuels, where he will lead the commercialization of the company’s proprietary cellulosic ethanol technology.

Scott Janssen has been appointed senior vice president of finance at AE Biofuels, while Todd Waltz joins the company as controller. Todd Capser has been promoted to vice president of project development for cellulosic ethanol projects.

Eric McAfee, chairman and CEO of AE Biofuels, said: I am excited about the depth of knowledge and experience this team brings to AE Biofuels. Parkash is a seasoned executive and has a track record of successful strategy development and execution with multi-billion dollar companies. In Andy’s new role as president and COO of American Ethanol, he will be completing our cellulosic ethanol demonstration plant, and launching our commercial production.