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PEKIN, Ill. - Alto Ingredients, Inc. (NASDAQ:ALTO), a producer of specialty alcohols and renewable fuels with a market capitalization of approximately $90 million, announced changes to its board leadership on Thursday, naming Gilbert Nathan as Chair and Dianne Nury as Vice-Chair. The announcement comes as the company’s stock has declined nearly 35% over the past six months, according to InvestingPro data.
The company also reported that Alan R. Tank and Jeremy T. Bezdek were elected as new directors during its annual meeting held on June 25. These appointments come at a crucial time for Alto Ingredients, which maintains a healthy liquidity position with a current ratio of 2.89, though InvestingPro analysis indicates the company operates with a significant debt burden of over $131 million.
"I am honored to serve as Chairman and look forward to working with the Board and management as we progress on our strategic initiatives to increase shareholder value," Nathan said in a press release statement.
Bezdek brings three decades of experience in leadership and business development across energy, renewables, and advanced manufacturing sectors. He previously spent 26 years with Koch Industries in various leadership roles, including as managing director of Koch Strategic Platforms where he led investments in energy transition.
Tank has over 30 years of executive leadership experience in agriculture, food, and renewable energy. He currently serves as an advisor to Mercator Partners, an asset management platform investing in decarbonization opportunities, and to Eion Corp, a carbon capture and removal company.
Alto Ingredients CEO Bryon McGregor said the new board members’ experience "will be invaluable as Alto Ingredients continues to expand our market presence."
The company describes itself as a producer and distributor of specialty alcohols, renewable fuels, and essential ingredients serving various markets including health, food and beverage, agriculture, and renewable fuels. Financial metrics reveal challenging operating conditions, with a gross profit margin of just 1.08%. For deeper insights into Alto Ingredients’ financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, Alto Ingredients reported a first-quarter 2025 loss with earnings per share (EPS) of -$0.16, missing the forecasted -$0.02. Revenue also fell short of expectations, totaling $226.5 million against a projected $236.1 million. Despite these results, the company remains optimistic about future demand and strategic initiatives, including ISCC certification and a new CO2 processing plant acquisition. Shareholders at Alto Ingredients’ 2025 Annual Meeting elected six directors to the board and approved executive compensation for 2024. They also ratified the appointment of RSM US LLP as the independent registered public accounting firm. The company continues to focus on strategic moves such as carbon capture storage initiatives and exploring expense reduction opportunities. Additionally, the company is optimistic about legislative support for E15 fuel, which could impact future demand. These developments highlight Alto Ingredients’ ongoing efforts to navigate financial challenges and explore growth opportunities.
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