On March 31, 2017, BioAmber Inc. entered into a mutual separation agreement with Mario Saucier effective March 28, 2017 (the separation date). Entry into the separation agreement was made in connection with Mr. Saucier's departure from his role of Chief Financial Officer of the company. In addition, on March 28, 2017, Mr. Raymond J. Land, a member of the company's Board of Directors, has been appointed as the company's Interim Chief Financial Officer, who will serve as the company's principal financial officer and the company's principal accounting officer.

Mr. Land has served on the company's board of directors since 2011 and has been the Chairman of the company's board of directors since February 2012. Mr. Land retired after most recently serving as the Senior Vice President and Chief Financial Officer of Clarient Inc., where he worked from 2008 until his retirement. In connection with Mr. Land's appointment as the company's Interim Chief Financial Officer, Mr. Land resigned from all committees of the board of directors, and the certain other members of the board of directors were appointed to those committees.

Mr. George F. J. Gosbee was appointed to serve on the company's audit committee, and Ms. Ellen B. Richstone was appointed as the chair of the company's audit committee. Following such appointments, the company's audit committee consists of Ellen B. Richstone (Chair), George F. J. Gosbee, Heinz Haller and Kenneth W. Wall. In addition, Mr. Wall was appointed to serve on the company's compensation committee.

Following such appointment, the company's compensation committee consists of George F. J. Gosbee (Chair), Ellen B. Richstone and Kenneth W. Wall.