Range Fuels Appoints Charles S. Adams to Board of Directors
Commodities Expert Brings Wall Street Experience to Director Position
Palo Alto, CA and Broomfield, CO – August 22, 2007 – Range Fuels, Inc., a leading cellulosic ethanol company, announced today that Charles S. Adams has joined the company’s Board of Directors. Adams, who has been active on Wall Street for twenty-four years, brings experience in banking, debt capital markets and commodities to the position.
"Charles’ background in commodities and his experience in the financial sector make him an ideal addition to our Board of Directors," said Range Fuels’ CEO, Mitch Mandich, "His expertise will help drive growth for Range Fuels and will advance this company into the next generation of ethanol use."
Adams currently serves as Managing Director in the Commodities Division of Morgan Stanley, where he heads corporate client efforts in North and South America. He also served as Chief Operating Officer of the firm’s global commodities marketing business.
Prior to Morgan Stanley, Adams worked commodities with Phibro Energy and Merrill Lynch. He also worked in fixed income at Goldman Sachs, and lending at Chemical Bank in Energy and Minerals.
Adams received a BA in political science from Binghamton University and an MA in international finance and banking from Columbia University.
About Range Fuels, Inc.
Range Fuels, Inc., is focused on green energy and the production of cellulosic ethanol. The company does not use food products like corn, but rather uses waste materials and other non food sources and turns them into valuable products. The company's innovative technology uses wood chips, municipal waste, paper pulp, olive pits, and more and converts those materials to ethanol. The company's system, named K2, uses a two step thermo-chemical conversion process. The first step converts the biomass to synthesis gas and the second step converts the gas to ethanol. The company's business model is to design, build, own and operate its plants. The company is privately held and funded by Khosla Ventures, LLC, arguably the top venture firm in the U.S. focusing on alternative, green energy systems. The leadership team melds experience from Silicon Valley's fast-paced, high-tech world, and the technologically intense coal, coal gasification, and gas-to-liquids industries. Range Fuels' vision is to introduce the world to a fuel that's renewable, sustainable, and eco-friendly in its production.
Media contact:
Heather Milne
OutCast Communications
(215) 875-8138