CPO CEO Announces Intention to Retire
WESTCHESTER, Ill., January 29, 2008 -- Samuel C. Scott III, Chairman, President and CEO of Corn Products International, Inc. (NYSE: CPO), has informed the Board of Directors of his intention to retire upon the identification of his successor. The Board of Directors will engage an executive search firm to help identify a successor to Mr. Scott, as Chairman and CEO of the Company, including internal and external candidates.
"Our business is strong, and Corn Products is well-positioned for success in the years ahead. I am fortunate to have led this great company for the past seven years and look forward to a smooth transition," said Scott.
"The Board is extremely grateful to Sam Scott for his outstanding leadership, dedication and commitment to building shareholder value," said William S. Norman, Lead Director. "I am sure that I speak for the thousands of Corn Products International employees worldwide who appreciate his strong leadership and commitment to excellence. The Board also appreciates his flexibility and willingness to accomplish an efficient transition."
Mr. Scott will continue to serve as the Company's Chairman and CEO until this transition takes place.
For more news highlights, click here.
For press releases, click here.
