Hong Yuan Holding Group (HGYN)

[12yearplan]

The president & CEO, Frederic Scheer, and his wife founded the company in their garage in 2001. They went public (CERP) in 2005


Frederic Scheer
Chairman, Chief Executive Officer

Mr. Scheer became involved in the biodegradable plastics industry in 1994 through Montedison SpA, a large chemical conglomerate operating Novamont SpA, an Italian resin manufacturer and research company. Foreseeing that the demand for biodegradable products in North America would expand rapidly by the end of the decade, Scheer secured the exclusive distribution rights in North America for various grades of Mater-Bi™ resins. Soon thereafter, he began North American distribution of Mater-Bi, a 100% biodegradable resin patented and produced by Novamont. He completely terminated his distribution rights with Novamont in early 2000 to work on new, more competitive resins patented by Cereplast.

Scheer founded the Biodegradable Products Institute (BPI), a non-profit organization, which has become the largest biodegradable association in the world, with over 40 members, including BASF, DuPont, GeorgiaPacific, NatureWorks, Dow and Eastman. Prior to his involvement in the biodegradable industry, Scheer was a merchant banker in Europe. He holds a Doctor of Laws from the University of Paris, a Masters Degree in Finance and a Masters Degree in Political Science from Institut d’Etudes Politiques, Paris, France. Scheer, a U.S. citizen, is fluent in French, Spanish, Italian and English.


Frederic Scheer
Executive Compensation

As Chief Executive Officer at CEREPLAST INC, Frederic Scheer made $1,023,648 in total compensation. Of this total $513,218 was received as a salary, $401,000 was received as a bonus, $0 was received in stock options, $97,330 was awarded as stock and $12,100 came from other types of compensation. This information is according to proxy statements filed for the 2012 fiscal year.