March 11, 2012

Rive Technology appoints new CEO

Rive Technology, a Cambridge company focused on processes used by the refining, chemicals, and biofuels industries, said Friday that David C. Aldous is its new chief executive.

Aldous will succeed founding chief executive Lawrence Evans as part of “a long-planned succession strategy” as Rive enters the commercialization phase, the company said in a press release. Evans will continue to serve on the company’s board of directors as non-executive chairman. Most recently, Aldous was chief executive of Range Fuels, a start-up commercializing cellulosic ethanol technology.