HR BioPetroleum Inc., the Honolulu-based renewable biofuels company, has named Martin Sabarsky as chief financial officer and chief operating officer.

Sabarsky comes to HR BioPetroleum after working at biofuels company Diversa Corp. and before that as an investment banker at Bear, Stearns & Co. Sabarsky also has worked as an attorney with Latham & Watkins LLP.

One of Sabarsky's first tasks will be to make a presentation about HR BioPetroleum at the 2008 Global Life Sciences Conference this Thursday in New York. HR BioPetroleum has a joint-venture with Royal Dutch Shell PLC top growth marine algae from which biofuel may be produced. It also is jointly pursuing development of a biodiesel facility on Maui with Alexander & Baldwin Inc., Hawaiian Electric Co. and Maui Electric Co.