Alto Ingredients, Inc. Announces New CEO and Executive Leadership Changes

New CEO Bryon T. McGregor Takes the Helm, with Michael D. Kandris as Interim COO and Robert R. Olander as CFO

Leadership Changes

Alto Ingredients, Inc. (NASDAQ: ALTO), a prominent producer and distributor of specialty alcohols and essential ingredients, has recently made significant changes to its executive leadership team. These changes, effective as of August 1, 2023, include the appointment of Bryon T. McGregor as the new President and Chief Executive Officer (CEO). This announcement also marks the retirement of Michael D. Kandris as President and CEO, who will now serve as the Interim Chief Operating Officer. Furthermore, Robert R. Olander has been appointed as the Chief Financial Officer (CFO) to bolster the company's financial strategies.

Bryon T. McGregor's Ascension

Bryon T. McGregor, the former Chief Financial Officer of Alto Ingredients, has been promoted to the role of President and Chief Executive Officer. McGregor's journey with the company began in 2008 when he joined as Vice President Finance/Treasurer and later became the CFO in 2009. His tenure as CFO has been marked by several noteworthy achievements, such as successfully raising over $640 million in multiple financings, integrating two acquisitions to triple the company's production capacity, and implementing cost reduction programs. With over 35 years of experience in business development, project management, and corporate planning, McGregor has showcased expertise in various areas, including risk management, M&A, investor relations, and international finance. His strategic vision and financial acumen are expected to guide the company towards sustained profitability in the future.

Michael D. Kandris as Interim Chief Operating Officer

Michael D. Kandris, who has served Alto Ingredients for over 15 years, steps down from his roles as President and CEO to assume the position of Interim Chief Operating Officer. Kandris began his journey with the company as an independent contractor focusing on plant operations. Later, he became a member of the company's board of directors in 2008 and took on the role of Chief Operating Officer in 2013. His extensive experience in general management within the transportation and logistics sectors, including his prior position as President of Ruan Transportation Management Systems (RTMS), has been instrumental in the company's growth. Kandris's continued guidance as Interim COO is expected to provide valuable insights during the transition period.

Robert R. Olander as Chief Financial Officer

Robert R. Olander, who has been with Alto Ingredients for over 16 years and most recently served as Vice President, Corporate Controller, has been appointed as the Chief Financial Officer. His expertise in public company accounting, process improvement, and contract review has been valuable in developing and implementing the company's financial strategies. Prior to joining Alto Ingredients, Olander held significant roles in accounting, treasury, and finance. He began his career at Deloitte & Touche, where he gained experience in audit and assurance working with renowned companies such as ConAgra, Berkshire Hathaway, and Union Pacific. Olander's vast financial acumen positions him well to take on the responsibilities of CFO.

Alto Ingredients, Inc. has made strategic leadership changes by appointing Bryon T. McGregor as the new President and CEO, Michael D. Kandris as Interim Chief Operating Officer, and Robert R. Olander as Chief Financial Officer. These executives bring a wealth of experience and expertise to their respective roles, promising to lead the company towards further growth and profitability. With a strong team in place, Alto Ingredients is poised for a successful future, focusing on its business transformation, diversification of revenue streams, and implementation of initiatives such as carbon capture and sequestration to drive additional EBITDA growth.

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