On May 12, 2017, Robert Frost was appointed by the Board of BioAmber Inc. (the “company”) to serve as a Class II director, with a term expiring at the company's 2018 Annual Meeting of stockholders. Mr. Frost has been acting as a senior advisor and partner to Naxos Capital Partners SCA Sicar since 2009.  Prior to joining Naxos, Mr. Frost spent 14 years with various private equity firms, which included a position as Managing Director of Allianz Capital Partners GmbH from 2000 to 2008 and roles with Nikko Principal Investments Limited and the Nomura Principal Finance Group. Mr. Frost currently serves on the board of directors of Elevance Renewable Sciences Inc.  On May 11, 2017, Jean Francois Huc informed the Board of Directors that he had decided to resign as a director of the company effective May 12, 2017.  On May 11, 2017, George F.J. Gosbee also informed the Board of Directors that he had decided to resign as a director of the company, and from each of the board committees on which he served, effective immediately.  The resignations of Huc and Gosbee were the result of disagreement with decisions made by the Board of Directors related to board composition following the company's Annual Meeting of Stockholders held on May 11, 2017.

On May 12, 2017, the Board of Directors approved the appointment of Mario Settino to replace Raymond Land as Chief Financial Officer.  Mr. Land will remain as Chairman of the company's Board of Directors. Mr. Settino is seasoned professional with over 30 years of financial and operational experience in various industries such as services, manufacturing and high-end technology. He previously served as President and Chief Financial Officer of Peds Legwear and prior to this was Chief Financial Officer of Miranda Technologies. Mr. Settino has previously held senior financial positions with Loblaws, Bombardier and LGS.