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SACRAMENTO , Calif., May 4 /PRNewswire-FirstCall/ -- Pacific Ethanol, Inc.(Nasdaq: PEIX) today announced the appointment of Douglas Jeffries as ChiefFinancial Officer, effective May 29, 2007 .
Mr. Jeffries , 50, comes to Pacific Ethanol with over twenty five years offinancial experience, most recently with eBay Inc., where he was VicePresident of Finance & Chief Accounting Officer. Prior to joining eBay in2003, Mr. Jeffries held executive leadership roles in finance and technologywith GenCorp, Red Herring Communications, Cardinal Health andPricewaterhouseCoopers. Mr. Jeffries is a CPA and holds an MBA from theUniversity of Southern California, and a bachelor's degree in Accounting from
Chairman Bill Jones noted that, "Pacific Ethanol has taken the timenecessary to fill this key position, and we now are delighted to announce theappointment of Doug Jeffries , whose depth of experience at dynamic companies,where he helped develop the financial infrastructures that scaled in supportof rapid growth, will prove invaluable as we continue to expand."
Commenting upon the appointment, CEO Neil Koehler added, "Doug's strongfinancial background, public company experience and proven track record inimproving company performance and shareholder value, will be a significantasset to us as we continue to execute on our strategic plan."
Jeffries remarked, "I am very excited to join Pacific Ethanol as its ChiefFinancial Officer, and look forward to working with its experienced managementteam to oversee the Company's continued rapid growth. I have been impressedwith the Company's strategic vision and consistent execution and look forwardto helping the management team solidify its position as the largest WestCoast-based marketer and producer of renewable fuels."
About Pacific Ethanol, Inc.
Pacific Ethanol is the largest West Coast-based marketer and producer ofethanol. Pacific Ethanol has an ethanol plant in Madera, California, and hasfour additional plants under construction in Boardman, Oregon, Burley, Idaho,in the Imperial Valley near Calipatria, California, and in Stockton,California. Pacific Ethanol also owns a 42% interest in Front Range Energy,LLC which owns an ethanol plant in Windsor, Colorado. Central to its growthstrategy is its destination business model, whereby each respective ethanolplant achieves lower process and transportation costs by servicing localmarkets for both fuel and feed. In February 2007 , Pacific Ethanol obtained a
Safe Harbor Statement under the Private Securities Litigation Reform Actof 1995
With the exception of historical information, the matters discussed inthis press release are forward-looking statements that involve a number ofrisks and uncertainties. The actual future results of Pacific Ethanol coulddiffer from those statements. Factors that could cause or contribute to suchdifferences include, but are not limited to, the factors contained in the"Risk Factors" section of Pacific Ethanol's Form 10-K filed with theSecurities and Exchange Commission on March 12, 2007 .
