ST. LOUIS--June 3, 2003--The Solae Company today announced that Tony L. Arnold has joined the company as president and CEO following the resignation of Stephan B. Tanda. Arnold was previously vice president of Marketing for DuPont Corporation's Ag and Nutrition business.
"We are very pleased to welcome Tony. He is well-regarded throughout the organization. His background in general management and marketing will help us immensely as The Solae Company accelerates the marketing of our many plant-based proteins to developers of a wide range of consumer products," said Erik Fyrwald, chairman.
"At the same time, we are grateful for Stephan's many contributions to our organization, and wish him well," Fyrwald added.
The company noted that Erik Fyrwald, vice president of DuPont's Nutrition and Health operations, will continue to serve as chairman of The Solae Company's board of directors.
The Solae Company, based in St. Louis, Missouri, serves food and beverage manufacturers, dietary supplement developers, retailers and consumers in 80 countries worldwide, including the United States and Canada, Europe and the Middle East, Latin America and the Asia/Pacific region. The Solae Company provides its more than 3,000 customers with more than a thousand different products, including many brands that are widely recognized in the food ingredients industry: Alpha(R), Danpro(R), Samprosoy(R), Centrolex(R), Promine(R), Procote(R), Supro(R), Proplus(R), and Solae(TM) and its sub-brands. The company was formed earlier in 2003 through an alliance between Bunge Limited (NYSE: BG) and DuPont (NYSE: DD). The company's business is focused on significantly growing the global business in plant-based, specialty food ingredients, initially addressing soy protein and lecithin, and expanded offerings of products and services that help customers compete and prosper.