Delta and Pine Land Names Kenneth M. Avery Vice President of Finance, Treasurer and Assistant Secretary
December 07 2005 - 7:30AM
PR Newswire (US)
SCOTT, Miss., Dec. 7 /PRNewswire-FirstCall/ -- Delta and Pine Land
Company (NYSE:DLP) ("D&PL"), a leading commercial breeder,
producer and marketer of cotton planting seed, today announced that
Kenneth M. ("Kenny") Avery has been named Vice President of
Finance, Treasurer and Assistant Secretary. Effective December 7,
2005, Mr. Avery will be responsible for accounting and finance and
will report to Tom Jagodinski, D&PL President and CEO. "We are
delighted to welcome Kenny to the Delta and Pine Land team as we
continue to strengthen our management team at all levels. He brings
significant finance and management experience to the company, as
well as an impressive accounting background and a strong reputation
throughout the industry," said Tom Jagodinski. "As the leader of
the Arthur Andersen team that served as D&PL's independent
auditor for many years, Kenny is intimately familiar with our
strategic direction and business model. He will be invaluable to
our growth going forward." Mr. Avery commented, "I am pleased to be
joining Delta and Pine Land, a company I have worked with for 10
years, and I look forward to working with the excellent management
team that is dedicated to driving growth and increasing shareholder
value." Most recently, Mr. Avery served as Vice President --
Controller for Eagle Materials Inc. (NYSE:EXP), where he led the
refinancing of the Company's existing debt agreement, as well as a
$200 million private placement transaction, and the Sarbanes Oxley
Compliance effort. Prior to that, he launched Avery Consulting,
providing finance and accounting advice for a variety of companies.
From July 1990 to May 2002, Mr. Avery served in the audit division
at Arthur Andersen. He was promoted to partner in 2001. Mr. Avery
received his Masters and Bachelors of Professional Accountancy from
Mississippi State University. In addition, he is a member of both
the Mississippi State Society of Certified Public Accountants and
the American Institute of Certified Public Accountants. About Delta
and Pine Land Company Delta and Pine Land Company is a leading
commercial breeder, producer and marketer of cotton planting seed.
Headquartered in Scott, Mississippi, with multiple offices in eight
states and facilities in several foreign countries, D&PL also
breeds, produces and markets soybean planting seed in the U.S. For
more information, please refer to the Company's Web site at
http://www.deltaandpine.com/. Certain matters discussed in this
release are "forward-looking statements," including statements
about the Company's future plans, goals and other events, which
have not yet occurred. These statements are intended to qualify for
the safe harbors from liability provided by the Private Securities
Litigation Reform Act of 1995. They can generally be identified
because the context of such statements will include words such as
"believes," "anticipates," "expects" or words of similar import. It
is the nature of agricultural seed businesses that supply, demand
and their timing are affected by many variables, including
commodity prices, weather and government policy. Due to the
seasonal nature of the seed business, the Company typically incurs
losses in its first and fourth quarters. Additional risks and
uncertainties with respect of the Company's business and forward
looking statements are set forth in the Company's latest filings
with the Securities and Exchange Commission. DATASOURCE: Delta and
Pine Land Company CONTACT: Investors, Tom Jagodinski, Delta and
Pine Land Company, +1-662-742-4518; or Media, Jonathan Gasthalter
or Amy Cohen, Citigate Sard Verbinnen, +1-212-687-8080 Web site:
http://www.deltaandpine.com/
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