Sapphire Energy Names New CEO

San Diego-based algae energy technology developer Sapphire Energy has named a new CEO, saying that it has appointed James Levine as President, CEO, and member of the company's board of directors. Levine is the former President and CEO of Verenium, and also served at Goldman Sachs & Co. Levine replaces Cynthia 'CJ' Warner, who remains chairman of the company's board. Sapphire Energy is developing algae-based fuel technology, which uses algae and feedstock to create biofuels.