WESTCHESTER, Ill., April 5 /PRNewswire-FirstCall/ -- Corn Products
International, Inc. (NYSE: CPO), a leading global provider of agriculturally
derived ingredients to diversified industries, announced today that John F.
Saucier, a former executive with Monsanto Company and Solutia Inc., has joined
the Company in the newly created corporate officer position of vice president,
global business and product development, sales and marketing. Saucier, 52,
reports to Sam Scott, chairman, president and chief executive officer.
"As we continue to execute our pathway strategy and more fully capitalize
on the many profitable growth opportunities before us, we are fortunate to
have John join our executive team at this juncture to help lead our Company in
globalizing our commercial efforts," said Scott.
"John's proven track record in the international arena and his shared
passion for value creation will serve us well as we continue to create new
products and expand our value-added product portfolio through multi-geographic
alliances and acquisitions, all aimed at more aggressively repositioning our
Company as an ingredients supplier," Scott added.
Prior to joining Corn Products International, Saucier was president of the
$1.6 billion integrated nylon division of Solutia from 2001-05. He served
from 1997-2001 as vice president, strategy and corporate development for
Solutia following its spin-off from Monsanto, during which time he executed
acquisitions and divestitures totaling more than $1 billion.
During his 18-year career with Monsanto, Saucier held both engineering and
marketing positions with increasing responsibility, including marketing
director and manager of worldwide marketing from 1991-97.
A native of New Orleans, Saucier earned bachelor's and master's degrees in
mechanical engineering in 1979 and 1981, respectively, from the University of
Missouri and an MBA in 1996 from Washington University in St. Louis.
Marking its 100th anniversary in 2006, Corn Products International is one
of the world's largest corn refiners and a major supplier of high-quality food
ingredients and industrial products derived from the wet milling and
processing of corn and other starch-based materials. The Company,
headquartered in Westchester, Ill., is the number-one worldwide producer of
dextrose and a leading regional producer of starch, high fructose corn syrup
and glucose. In 2005, Corn Products International recorded net sales of $2.36
billion with operations in 15 countries at 33 plants, including wholly owned
businesses, affiliates and alliances. For more information, visit
This release contains or may contain forward-looking statements within the
meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. The Company intends these forward
looking statements to be covered by the safe harbor provisions for such
statements. These statements include, among other things, any predictions
regarding the Company's future financial condition, earnings, revenues,
expenses or other financial items, any statements concerning the Company's
prospects or future operation, including management's plans or strategies and
objectives therefore and any assumptions underlying the foregoing. These
statements can sometimes be identified by the use of forward looking words
such as "may," "will," "anticipate," "believe," "plan," "project," "estimate,"
"expect," "intend," "continue," "pro forma," "forecast" or other similar
expressions or the negative thereof. All statements other than statements of
historical facts in this report or referred to or incorporated by reference
into this report are "forward-looking statements." These statements are
subject to certain inherent risks and uncertainties. Although we believe our
expectations reflected in these forward-looking statements are based on
reasonable assumptions, stockholders are cautioned that no assurance can be
given that our expectations will prove correct. Actual results and
developments may differ materially from the expectations conveyed in these
statements, based on various factors, including fluctuations in worldwide
commodities markets and the associated risks of hedging against such
fluctuations; fluctuations in aggregate industry supply and market demand;
general political, economic, business, market and weather conditions in the
various geographic regions and countries in which we manufacture and/or sell
our products, including fluctuations in the value of local currencies, energy
costs and availability, freight and shipping costs, and changes in regulatory
controls regarding quotas, tariffs, duties, taxes and income tax rates;
operating difficulties; boiler reliability; labor disputes; genetic and
biotechnology issues; changing consumption preferences and trends; increased
competitive and/or customer pressure in the corn-refining industry; the
outbreak or continuation of hostilities including acts of terrorism; stock
market fluctuation and volatility; and our ability to maintain sales levels of
HFCS in Mexico. Our forward-looking statements speak only as of the date on
which they are made and we do not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date of
the statement. If we do update or correct one or more of these statements,
investors and others should not conclude that we will make additional updates
or corrections. For a further description of certain risk factors, see the
Company's most recently filed Annual Report on Form 10-K and subsequent
reports on Forms 10-Q or 8-K.
SOURCE: Corn Products International, Inc.
CONTACT: Investor, Dave Prichard, +1-708-551-2592 or Media, Mark
Lindley, +1-708-551-2602 both of Corn Products International
Web site: http://www.cornproducts.com