Alto Ingredients, Inc. Appoints New General Counsel

Rhea-AI Summary

Alto Ingredients, Inc. (NASDAQ: ALTO) announced the appointment of Auste M. Graham as General Counsel and Corporate Secretary, effective February 1, 2022. Graham succeeds Christopher Wright, who will continue as Senior Vice President until his retirement later this year. CEO Mike Kandris emphasized Graham's extensive legal experience in global manufacturing and corporate securities as key to her new role. Graham expressed enthusiasm about joining Alto during a significant growth phase, focusing on enhancing their specialty alcohol and ingredients sectors.

Positive

• Auste M. Graham brings extensive legal expertise in corporate securities and M&A, which could enhance strategic operations.
• The leadership change comes at a time of significant growth for Alto, potentially benefiting from new insights and perspectives.

Negative

• The transition of legal leadership may raise concerns about continuity and the potential experience gap during the change.

SACRAMENTO, Calif., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, added Auste M. Graham to the senior management team as General Counsel and Corporate Secretary effective February 1, 2022. Graham reports directly to CEO Mike Kandris and succeeds Christopher Wright, who will remain with the company as Senior Vice President pending his retirement later this year.

Kandris said, “Auste has served in legal leadership positions in global manufacturing enterprises in several industries, including specialty chemicals, components and industrial coatings. Her deep experience in commercial affairs and her expertise in corporate securities, M&A and finance transactions made her an ideal candidate to join our company at this time.”

Graham said, “I am delighted to be joining Alto at this time of extraordinary development for the company. Mike and his leadership team have accomplished great things, and I look forward to bringing my experience to bear as we continue to invest in our facilities and expand our specialty alcohol and ingredients businesses.”

About Auste M. Graham

Graham joins Alto from Essentra plc, a global manufacturer and supplier of components, packaging, and filters headquartered in the U.K., where she served as Vice President responsible for all legal affairs in the Americas for over four years. Prior, Graham was Senior Legal Counsel in the U.S. for AkzoNobel, a global paints, coatings, and specialty chemicals company headquartered in the Netherlands. Graham began her career at Schiff Hardin where she provided general corporate representation to public and private companies, managing mergers and acquisitions, governance and compliance matters, and corporate and securities transactions, including corporate debt and equity offerings and private equity investments.

Graham earned her J.D from Vanderbilt University Law School and a B.A. from Vassar College.

About Alto Ingredients, Inc.

Alto Ingredients, Inc. (ALTO) is a leading producer and distributor of specialty alcohols and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. The company’s customers include major food and beverage companies and consumer products companies. For more information, please visit www.altoingredients.com.

Media Contact:

Bryon McGregor, Alto Ingredients, Inc., 916-403-2768, mediarelations@altoingredients.com

Company IR Contact:

Michael Kramer, Alto Ingredients, Inc., 916-403-2755, Investorrelations@altoingredients.com

IR Agency Contact:

Kirsten Chapman, LHA Investor Relations, 415-433-3777, Investorrelations@altoingredients.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f502024a-bcbe-492f-81c8-e324e817010b

FAQ

Who is the new General Counsel of Alto Ingredients?

Auste M. Graham has been appointed as the new General Counsel and Corporate Secretary of Alto Ingredients effective February 1, 2022.

What is the impact of Auste Graham's appointment on Alto Ingredients?

Graham's expertise in corporate securities and M&A could positively influence Alto's strategic direction and legal operations during its growth phase.

Why did Christopher Wright leave his position at Alto Ingredients?

Christopher Wright will continue with Alto as Senior Vice President until his retirement later this year.

What experience does Auste Graham bring to Alto Ingredients?

Auste Graham has held legal leadership roles in global manufacturing, specializing in commercial affairs, corporate securities, and M&A transactions.