LOS ANGELES, CA and LIMA, PERU–(MARKET WIRE)–Apr 21, 2009 — Stratos Renewables Corporation (OTC BB:SRNW.OB - News), an emerging agro-energy company developing a sugarcane ethanol project in South America, today announced Leonard Brooks has been elected to the company’s Board of Directors.
Making today’s announcement, Stratos’ CEO, Tom Snyder, stated, “This is another very important step for Stratos Renewables in our evolution. Leonard is a very accomplished finance executive and brings to us valuable experience and contacts that will help Stratos as we evolve into a rapidly growing agro-energy business.”
“Joining Stratos’ Board of Directors, which has such a wide and deep array of talent and expertise, is a terrific opportunity,” stated Mr. Brooks. “The Company’s goal of producing low carbon sugarcane ethanol at one of the lowest costs in the world is very exciting. I’m looking forward to assisting Stratos with completing its near term objectives to increase land holdings from 24,000 hectares to over 50,000 hectares by year end and to build out over 100 million gallons of production capacity to be supplied primarily by its own land. This team is one of the strongest groups I’ve had the pleasure to work with in the renewable energy industry and I’m excited to lend my expertise to our combined efforts.”
Leonard Brooks is a senior investment banking professional with over 20 years of investment banking experience. Mr. Brooks founded and ran a number of investment banking initiatives at prominent firms including most recently the Private Equity Finance Group at Goldman Sachs, and the Private Equity Placement Group at UBS. He holds an MBA from the Fuqua School of Business at Duke University and has been a member of the Fuqua School of Business Isle Maligne Society since 1985. Mr. Brooks holds a BBA from The College of William & Mary.
