BioFuels Journal

Stratos Renewables Corp. Appoints Tom Snyder CEO

Los Angeles & Lima, Peru—Stratos Renewables Corporation(OTCBB:SRNW), an emerging company developing a South American sugarcane ethanol operation, announced October 8 that company President, Tom Snyder, has been appointed Chief Executive Officer.

Making the announcement, Stratos Chairman of the Board, Steve Magami, stated, “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.”

Mr. Snyder, who has served the company as President since Q2 of this year, has a career overseeing the execution of more than 40 complex industrial projects in more than 20 countries.

He has served as CEO of multiple companies and has overseen the construction of fertilizer/ammonia/oil and gas/petro-chemical facilities throughout the world.

He has raised more than $2 billion of equity and project finance debt and has successfully formed and managed joint ventures with governments, banks, insurance companies, OPIC and global investment groups.

Acknowledging his appointment, Snyder commented, “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.”

Carlos Antonio Salas, the company’s co-founder and outgoing Chief Executive Officer, will become the Company’s Business Development Officer, focused on pursing expansion opportunities on the ground.

Stratos’ Vice Chairman, Steve Norris, co-founder of The Carlyle Group, stated, “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.”

For more information, call 310-867-0670.