News: Pacific Ethanol Announces Resignation of Daniel Sanders From Board of Directors
Sacramento, CA, October 12, 2007—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced that Daniel A. Sanders, founder and majority owner of Front Range Energy, LLC has stepped down from the Board of Directors effective October 8th.
Mr. Sanders said, “While I will continue to be a partner of the company and to have an abiding interest in Pacific Ethanol’s long term success, my personal desire to scale back business responsibilities generally prevents me from devoting the time to the Board that the company deserves.”
Chairman Bill Jones noted, “As the majority owner of Front Range, Dan Sanders will remain a business partner and strong supporter of the Company. He has provided valued contributions to the Company and the Board for which we are grateful.”
Pacific Ethanol, Inc. announced on October 17, 2006 its acquisition of 42% of Front Range, which owns an ethanol plant in Windsor, Colorado with a current annual production rate of 47 million gallons.