Last week, Stratos Renewables announced that Steve Magami, Chairman of the Board, would be taking over the role of president for the company. This came after news that the previous president, Luis Humberto, had stepped down from his position for personal reasons and not as a result of conflict with the company. Stratos also replaced Secretary Gustavo Goyzueta with Valerie Broadbent after Goyzueta turned in his resignation.
Magami has considerable experience, both in renewable energy and high profile financial management. His previous occupations include private equity management, investment banking, and C-Level executive management. Magami also sits as president of Pure Bio Fuels Corp., a successful Latin American biodiesel company. Before that, he was CSO of a leading American biofuels company. His extensive knowledge surrounding business strategy, core business development and acquisitions will greatly benefit Stratos and prepare the company for significant, planned growth. His financial experience will enable Stratos to gain additional financing to see the company through its initial growing pains.
The company recently finished expanding its current production facilities to increase capacity, and intends to continue expansion through various other, carefully planned growth and acquisition strategies, leading to the ultimate goal of Stratos as a low-cost, global ethanol supplier.
Stratos Renewables Corp. is a Peruvian based sugarcane ethanol producer, vested in the certainty that it can produce the highest yields of ethanol at the lowest cost worldwide within the northern coast of Peru. The company is currently completing a planned expansion of its existing facility, and has initiated a multi-phase growth strategy to become the leading producer of ethanol in Peru.
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