Pacific Ethanol, Inc. Appoints Winston Mar as Its Chief Restructuring Officer
March 26, 2020 at 08:53 pm
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On March 16, 2020, Pacific Ethanol, Inc. appointed Winston Mar as its Chief Restructuring Officer (“CRO”). Mr. Mar, age 55, has served as a managing director of SierraConstellation Partners LLC (“Sierra”) since 2013, where he currently serves as a partner and senior managing director. During his time at Sierra, Mr. Mar has provided advisory and interim management services to distressed companies, assisted companies in restructuring and implementing productivity improvements and served in senior-level positions, including as Chief Restructuring Officer and Chief Executive Officer. Prior to joining Sierra, Mr. Mar was a managing director at CRG Partners, where he worked on numerous high-profile restructuring cases.
Alto Ingredients, Inc. produces and distributes renewable fuel and essential ingredients and is a producer of specialty alcohols in the United States. The Company's segments include Pekin Campus production, marketing and distribution and Western production. Pekin Campus production segment includes the production and sale of alcohols and essential ingredients produced at the Companyâs Pekin, Illinois campus. Its marketing and distribution segment includes marketing and merchant trading for Company-produced alcohols and essential ingredients on an aggregated basis, and sales of fuel-grade ethanol sourced from third parties. Western production segment includes the production and sale of fuel-grade ethanol and essential ingredients produced the Companyâs two western production facilities. It produces specialty alcohols, fuel-grade ethanol and essential ingredients, focusing on various markets, such as health, home and beauty; food and beverage; essential ingredients, and renewable fuels.