Senior Management

Brian Baynes, PhD
Brian Baynes, PhD
Chief Executive Officer

Brian joined Flagship Ventures in 2004 and focuses on innovating, leading, and investing in new ventures in life sciences and sustainability. He is Founder and Chairman of Midori Renewables, which is commercializing a novel technology for production of renewable sugar and fiber. He is also a co-founder and CEO of Flagship portfolio company Celexion, a company applying synthetic biology to problems in pharmaceuticals and industrial biotechnology. Previously, Brian co-founded portfolio company Codon Devices and worked closely with Adnexus, BG Medicine, and Epitome Biosystems. Prior to joining Flagship, Brian was an engineer at ExxonMobil, and a Director in the MIT School of Chemical Engineering Practice at Mitsubishi Chemicals and General Mills. He holds a BChE from the University of Delaware and a PhD from MIT, both in chemical engineering.

Terry Kulesa
Terry Kulesa
President, Red Rock Division

Terry Kulesa is a co-founder of Red Rock Biofuels and President of Joule's Red Rock Division. Terry handles business development, team management and construction and operations services. He was previously VP of Operations for Pacific Ethanol, Inc, which he joined early in its development and was responsible for the design, construction and operation of five ethanol plants totaling over $500 million of construction and over $500 million of annual revenues. Prior to that, he was General Manager for Ace Ethanol, where he was involved in the development and construction and was responsible for company operations and P&L. He was General Manager for POET’s Ethanol 2000 plant where he led all company operations and was responsible for company P&L. Terry has over 23 years experience in managing operations. He also served on the Board of Directors for the Renewable Fuels Association and has held management positions with Kraft Foods and Borden. He holds a Bachelors Degree in Ag-Biosciences (Dairy Manufacturing) from South Dakota State University and an MBA from the University of Minnesota.

Jeff Manternach
Jeff Manternach
CFO

Jeff Manternach is co-founder and CFO of Red Rock Biofuels, and CFO of Joule. RRB and Joule are building their first biorefinery in Lakeview, Oregon to convert waste woody biomass into renewable, drop-in jet and diesel fuels. Prior to RRB, Jeff co-founded IR1 Group, and headed finance for Pacific Ethanol, Inc. Jeff has led capital raises of $400+ million, including a $325 million project finance deal that won Project Finance Magazine's 2007 Ethanol Deal of the Year Award. Jeff received his MBA with distinction and an MS in Natural Resources from the University of Michigan and his BA from Haverford College.

Raffi Mardirosian
Raffi Mardirosian
VP, Corporate Development

Raffi joined Joule in 2015 from Flagship Ventures, where he was a principal focused on founding and investing in companies in sustainability. Previously he was President at Midori, a biotech startup with a breakthrough carbohydrate chemistry and microbiome control technology, with broad potential across human and animal health. Prior to Midori, Raffi co-developed the first utility-scale solar photovoltaic power plant in East Africa which currently contributes >6% of Rwanda's power capacity & broke the record for fastest African energy project finance deal to achieve commercial operations. He also formerly managed business development at Pronutria Biosciences, and was a consultant at McKinsey & Company, where he specialized in healthcare, national competitiveness, and sustainability and resource productivity. Raffi is the Curator of the World Economic Forum's Global Shapers Community in Boston, and spoke at the Forum's Annual Meeting in Davos. He is a member of the Board of Directors of eKutir, a social enterprise using a mobile technology to transform smallholder agriculture globally. Raffi holds bachelor's degrees from Stanford University in Economics and Public Policy, with honors in International Security & Cooperation, and conducted graduate work in International Policy Studies.

Chang Hong, IP Counsel
Chang B. Hong
Vice President, Intellectual Property Counsel

Mr. Hong leads Joule's intellectual property development, strategy and implementation. Prior to Joule, he served as IP Counsel to companies including Emergent Biosolutions, Pliva (Teva) and GlycoFi (Merck), where he counseled senior management on developing IP strategy and portfolios, assessment of third-party rights and Hatch-Waxman litigation as well as due diligence, licensing and contract matters. Mr. Hong received a JD/LLM in Intellectual Property from Franklin Pierce Law Center and a BS in Biochemistry & Molecular Biology and Music from Dickinson College.