Alto Ingredients, Inc. Appoints New Directors with Expertise in Energy Transition and Renewable Energy

Alto Ingredients appointed Gilbert Nathan as Chair and elected Alan R. Tank and Jeremy T. Bezdek as directors.

Quiver AI Summary

Alto Ingredients, Inc. has announced the appointment of Gilbert Nathan as Chair and Dianne Nury as Vice-Chair of its board, along with the election of new directors Alan R. Tank and Jeremy T. Bezdek during the company's annual meeting held on June 25, 2025. Both new board members bring extensive experience in renewable energy and energy transition, with Tank recognized for his roles in decarbonization initiatives and Bezdek noted for his expertise in capital raising and operational strategy. Gilbert Nathan expressed his eagerness to enhance shareholder value while CEO Bryon McGregor highlighted the importance of the new members' leadership as the company aims to accelerate its growth strategy and commitment to sustainability.

Potential Positives

Appointment of Gilbert Nathan as Chair and Dianne Nury as Vice-Chair of the board indicates strong leadership and stability at the top of the organization.
The election of Alan R. Tank and Jeremy T. Bezdek to the board brings extensive expertise in renewable energy and energy transition, which aligns with the company's focus on sustainability and innovation.
Both new directors have significant experience in strategic growth, capital raising, and operational excellence, suggesting potential for improved market presence and shareholder value.

Potential Negatives

The press release may raise concerns about the company's governance, as the leadership changes suggest a potential internal restructuring or response to past challenges that may not have been publicly addressed.
The significant experience of the new directors in energy transition and renewable sectors might indicate that Alto Ingredients is shifting focus away from its existing core areas, potentially unsettling investors who prefer stability in the specialty alcohols market.
The presence of inexperienced board members relative to the complexities of Alto's operational environment could be perceived as a concerning move that may impact the company's strategic direction adversely.

FAQ

Who are the new directors elected at Alto Ingredients?

Alan R. Tank and Jeremy T. Bezdek were elected as directors during the annual meeting on June 25th.

What is the role of Gilbert Nathan at Alto Ingredients?

Gilbert Nathan has been appointed as the Chair of the board of directors at Alto Ingredients.

What is Jeremy T. Bezdek's expertise?

Jeremy T. Bezdek has extensive experience in energy transition, capital raising, and operational excellence.

How does Alan R. Tank contribute to renewable energy?

Alan R. Tank has advanced renewable energy and decarbonization through various roles and advisory positions.

What services does Alto Ingredients provide?

Alto Ingredients produces and distributes specialty alcohols, renewable fuels, and essential ingredients for various markets.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$ALTO Hedge Fund Activity

We have seen 24 institutional investors add shares of $ALTO stock to their portfolio, and 57 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 697,151 shares (-95.4%) from their portfolio in Q1 2025, for an estimated $794,752
BLACKROCK, INC. added 675,702 shares (+31.7%) to their portfolio in Q1 2025, for an estimated $770,300
GOLDMAN SACHS GROUP INC removed 500,795 shares (-74.3%) from their portfolio in Q1 2025, for an estimated $570,906
SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 381,963 shares (-43.1%) from their portfolio in Q1 2025, for an estimated $435,437
MANUFACTURERS LIFE INSURANCE COMPANY, THE removed 350,808 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $399,921
JANE STREET GROUP, LLC removed 323,853 shares (-79.9%) from their portfolio in Q1 2025, for an estimated $369,192
PANAGORA ASSET MANAGEMENT INC removed 276,377 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $315,069

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

- Jeremy T. Bezdek is a seasoned expert in energy transition -

- Alan R. Tank has played pivotal roles in advancing renewable energy, including decarbonization -

PEKIN, Ill., June 26, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, named Gilbert Nathan Chair and Dianne Nury Vice-Chair of the board of directors and announced that Alan R. Tank and Jeremy T. Bezdek were elected as directors at the Company’s annual meeting on June 25th.

“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,” said Gilbert Nathan, Chair of Alto Ingredients. “We welcome our new board members and are excited to add their wealth of experience and expertise.”

“We are thrilled to welcome distinguished industry leaders to our board of directors,” said Bryon McGregor, CEO of Alto Ingredients. “As an entrepreneur, investor, and strategic advisor, Alan has played pivotal roles in advancing renewable energy, including decarbonization. Jeremy’s expertise in capital raising, complex transactions, and operational excellence will be invaluable as Alto Ingredients continues to expand our market presence. Together with the board, their vision and experience will be instrumental as we accelerate our growth strategy and advance our commitment to sustainability and innovation.”

Jeremy T. Bezdek is an accomplished senior executive with three decades of experience in leadership, business development, M&A, strategy execution, project development, investment origination, finance and commercial roles across the energy, renewables, and advanced manufacturing sectors. He has large company and startup experience and served on ten boards of directors, both public and private, since 2010. As president and founder of Ad Astra Advisors, Mr. Bezdek provides strategic advisory services, guiding companies through strategy, complex transactions, growth, fundraising, and organizational priorities. Mr. Bezdek spent 26 years with Koch Industries in a variety of finance and commercial leadership roles, including managing director of Koch Strategic Platforms, an investment arm of Koch Investment Group. In that role, he led investments in the energy transition vertical for Koch Strategic Platforms. He spent most of his career at a Koch subsidiary Flint Hills Resources where he directed multi-billion-dollar investments and transformative growth initiatives. Under his leadership, the team was very active in acquisitions, divestitures, and joint ventures, as well as making multiple investments in early-stage development companies related to refining, biofuels and chemicals industries.

Mr. Bezdek has a B.S. in Business Administration, concentration in finance, from the University of Kansas.

Alan R. Tank brings more than three decades of executive leadership and board experience across the agriculture, food, and renewable energy sectors. Since 2024, Mr. Tank has served as an advisor to Mercator Partners, an asset management platform that invests in decarbonization opportunities. Since 2022, he has served as an advisor to Eion Corp, a carbon capture and removal company. Since 2017, he has served as an executive advisor to Blue Sea Capital, a private equity firm focusing on the industrial growth, aerospace and healthcare sectors. Since 2015, he has co-owned and managed Tank Brothers Farm/Tank Customs, his family farm in eastern Iowa, as its managing member. Until 2016, Mr. Tank served as chief executive officer and managing partner of Revolution Energy Solutions, a company he co-founded in 2006 that developed, owned and operated renewable energy/waste-to-energy projects on agricultural platforms in the US. In 2001, Mr. Tank also founded AgCert International, a world leader in the production and sale of agriculturally derived greenhouse gas emission reductions used to satisfy the Kyoto Protocol and European Union Emission Trading Scheme requirements and served as its chief executive officer until 2005. He serves on the board to WestMET Group and Victory Hemp Foods.

Mr. Tank holds a B.S. in Animal Science, from Iowa State University.

About Alto Ingredients, Inc.
Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com .

Media and Company IR Contact:
Michael Kramer, Alto Ingredients, Inc., 916-403-2755
[email protected]

IR Agency Contact:
Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777
[email protected]