Sustainability and Environment
Former NATA Head Obitts Takes Reins at Alder Fuels
Following Alder Fuels' termination of president and CEO Bryan Sherbacow, former NATA chief Tim Obitts has been given an interim CEO title.
Tim Obitts
Former NATA president and CEO Tim Obitts has been named interim CEO at sustainable fuel company Alder Fuels after questionable financial dealings by its previous chief executive. (Photo: AIN)

Tim Obitts, chief legal officer for fledgling sustainable fuel producer Alder Fuels, has been named acting CEO of the company following the December 27 dismissal of renewable fuel industry veteran Bryan Sherbacow as president and CEO.

“As a result of enhanced management processes, the company uncovered that the now-former CEO, Bryan Sherbacow, engaged in questionable financial transactions that benefited him personally,” the company stated. “Upon discovery, the Board immediately commenced a comprehensive review of the transactions and terminated Mr. Sherbacow for cause.”