Range Fuels Gets First CFO

Fresh on the heels of Telsa's management shakeup comes news that cellulosic ethanol producer Range Fuels has named Dan Hannon to be its first CFO.

Hannon is an experienced energy industry insider, having come to Range from Reliant Energy where he was Sr VP of Finance and Corporate Development. He played a key role in Reliant's IPO, and will undoubtedly be charged with doing the same for Khosla Ventures-backed Range. Prior to Reliant, Hannon spent 10 years with Exxon Mobile in various capacities.

Hannon's ability to transition from major energy companies to a start-up environment will undoubtedly be a key to his success there. Still, coming shortly after the company got the go ahead to build its plant in Georgia, his addition would seem to be a further strengthening of Range's market position.