Stratos Renewables Corp. (SRNW.OB), a company focused on becoming a leader in the sugarcane ethanol industry in Latin America, announced that it has appointed Tom Snyder as its new chief executive officer. Having served as Stratos’ president since 2nd quarter 2008, Snyder is already familiar with the company’s environment and growth potential. Co-Founder and outgoing CEO Carlos Antonio Salas will now take on the role of Business Development and focus on pursuing expansion opportunities.
“We’re very fortunate to have such depth in our management team at Stratos and to be able to pull from within our ranks to appoint such an experienced executive as our new Chief Executive. Tom’s vast experience executing large industrial projects across the globe lends well to continue Stratos’ growth and we look forward to his stewardship,” stated Steve Magami, chairman of the board.
Snyder takes on the new role at Stratos after already serving as CEO for a number of companies throughout the world. He has been at the helm of at least 40 complex industrial projects to construct facilities producing items such as petro-chemicals, oil and gas, ammonia, and fertilizer. During the construction and buildout of these facilities, Snyder was able to successfully raise more than $2 billion of equity and project finance debt. He was also instrumental in forming and managing joint ventures with banks, governments, insurance companies, OPIC, and global investment groups. Snyder is an executive who has the experience and knowledge to execute a growth plan and form alliances to achieve a goal.
“It is with great excitement that I accept this appointment as Chief Executive Officer of Stratos. This is a company founded on the belief that sugarcane ethanol is today’s most viable solution to the growing international oil shortage and the need for cleaner burning replacements for gasoline. We will continue the substantial efforts of Stratos’ founders and look forward to continuing to execute our large scale Greenfield project in Peru,” commented Snyder after the announcement was made.
Vice chairman Steve Norris had one final comment, “We are at an exciting inflection point in our evolution. My long history of working with Tom Snyder allows me to say that he is the perfect executive to lead our company through the next phase of growth.”
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