Penford Corp.

Mr. Malkoski joined Penford Corporation as Chief Executive Officer and was appointed to the Board of Directors in January 2002. He was named President of Penford Corporation in January 2003. From 1997 to 2001, he served as President and Chief Executive Officer of Griffith Laboratories, North America, a formulator, manufacturer and marketer of ingredient systems to the food industry. Previously, he served in various senior management positions, including as Vice President/Managing Director of the Asia Pacific and South Pacific regions for Chiquita Brands International, an international marketer and distributor of bananas and other fresh produce. Mr. Malkoski began his career at the Procter and Gamble Company, a marketer of consumer brands, progressing through major product category management responsibilities.

Mr. Cordier is Penford’s Senior Vice President, Chief Financial Officer and Assistant Secretary. He joined Penford in July 2002 as Vice President and Chief Financial Officer, and was promoted to Senior Vice President in November 2004. From September 2005 to April 2006, Mr. Cordier served as the interim Managing Director of Penford’s Australian and New Zealand operations. He came to Penford from Sensient Technologies Corporation, a manufacturer of specialty products for the food, beverage, pharmaceutical and technology industries, where he held a variety of senior financial management positions.

Dr. Kunerth has served as Penford’s Vice President and Chief Science Officer since 2000. From 1997 to 2000, he served in food applications research management positions in the Consumer and Nutrition Sector at Monsanto Company, a provider of hydrocolloids, high intensity sweeteners, agricultural products and integrated solutions for industrial, food and agricultural customers. Before Monsanto, he was the Vice President of Technology at Penford's food ingredients business from 1993 to 1997.

Mr. Dratt, 36, joined Penford in June 2008 as Vice President, Corporate Development. From October 2007 to June 2008, Mr. Dratt was the Director – Product Development for Sensient Flavors and Fragrances, a division of Sensient Technologies Corporation, a manufacturer of specialty chemicals and food products. From October 2006 to October 2007, Mr. Dratt was the Director – Global Marketing for Sensient Flavors and Fragrances. Mr. Dratt served as the Director – Beverage & Culinary Business Units from 2005 to October 2006 and the Director – Marketing and Business Development from May 2002 to 2005 for FONA International, a developer and manufacturer of flavors for the food and beverage industries.

Mr. Lawlor joined Penford in April 2005 as Vice President-Human Resources, General Counsel and Secretary. From 2002 to April 2005, Mr. Lawlor served as Vice President-Human Resources for Sensient Technologies Corporation, a manufacturer of specialty chemicals and food products. From 2000 to 2002, he was Assistant General Counsel for Sensient. Mr. Lawlor was Vice President-Administration, General Counsel and Secretary for Kelley Company, Inc., a manufacturer of material handling and safety equipment from 1997 to 2000. Prior to joining Kelley Company, Mr. Lawlor was employed as an attorney at a manufacturer of paper and packaging products and in private practice with two national law firms.

Mr. Randall is Vice President of Penford Corporation and President, Food Ingredients. He joined Penford in February 2003 as Vice President and General Manager of Penford Food Ingredients and was promoted to President of the Food Ingredients division in June 2006. Prior to joining Penford, Mr. Randall was Vice President, Research & Development/Quality Assurance of Griffith Laboratories, USA, a specialty foods ingredients business, from 1998 to 2003. From 1993 to 1998, Mr. Randall served in various research and development positions with KFC Corporation, a quick-service restaurant business, most recently as Vice President, New Product Development. Prior to 1993, Mr. Randall served in research and development leadership positions at Romanoff International, Inc., a manufacturer and marketer of gourmet specialty food products, and at Kraft/General Foods.

Before joining Penford, Burns served at Kraft Foods (and Nabisco prior to being acquired by Kraft) with significant manufacturing responsibilities. Prior to Kraft and Nabisco, Burns worked for Continental Baking Company as General Manager, Operations. Earlier, he served with Nalley’s Fine Foods and Frito-Lay, both in Operations. Burns holds a Bachelor of Science degree in Business/Accounting from the Citadel, and an MBA from Indiana Wesleyan University.

Mr. Kortemeyer has served as Vice President of Penford Corporation since October 2005 and President, Industrial Ingredients since June 2006. He served as General Manager of Penford Products from August 2005 to June 2006. Mr. Kortemeyer joined Penford in 1999 and served as a Team Leader in the manufacturing operations of Penford Products until 2001. From 2001 until 2003, he was an Operations Manager and Quality Assurance Manager. From July 2003 to November 2004, Mr. Kortemeyer served as the business unit manager of the Company’s co-products business, and from November 2004 until August 2005, as the director of the Company’s specialty starches product lines, responsible for sales, marketing and business development.

Warjone is a 23-year veteran with Port Blakely Tree Farms, a land and timber company which operates commercial forests in Washington, Oregon and New Zealand. The company also develops real estate with residential and commercial projects in the Puget Sound area. Prior to Port Blakely Tree Farms, Warjone worked with IBM and the Simpson Timber Company. Warjone graduated from Claremont Men's College with a degree in economics.

Prior to becoming President and Chief Operating Officer of Solutia, Mr. Hunter was President, Fibers, of Monsanto Company. He joined Monsanto in 1969 and advanced through the ranks to his current post, which he assumed in 1997. Born March 1, 1947 in LaGrange, Georgia, Mr. Hunter graduated from the Georgia Institute of Technology in 1969 with a B.S. degree in chemical engineering and from the University of Houston at Clear Lake City in 1977 with an MBA degree. From 1970 to 1972 he served in the United States Army, achieving the rank of Lieutenant in the Chemical Corps.

R. Randolph Devening has served as one of our directors since December 2003 and prior to his retirement in 2001, served as CEO, President and Chairman of Foodbrands America. He is currently a board member for Penford Corp. and BancTec Corp. Mr. Devening is Chairman of our audit and compliance committee.

Mr. Buchholz most recently served as Senior Vice President of Finance and Administration, Chief Financial Officer, and Secretary at MessageMedia, a Colorado-based email messaging service and software company.Prior to MessageMedia, Mr. Buchholz was Senior Vice President and Chief Financial Officer of Nalco Chemical Company, a $2 billion specialty chemical company, for seven years with responsibilities for all finance functions including audit, tax, financial systems, and U.S. and international treasury, and investor relations. He also served as Vice President and Chief Finanical Officer of Cincinnati Milacron, a $1 billion industrial equipment supplier. Mr. Buchholz is a certified public accountant and holds an M.B.A., Finance and a B.A., Accounting both from Michigan State University.