Penford Appoints Andy Dratt as Vice President, Corporate Development

CENTENNIAL, Colo.--(Business Wire)--
Penford Corporation (NASDAQ: PENX) announced today that Andy Dratt
has joined the Company as Vice President, Corporate Development, a
newly created position.

Dratt brings extensive new business and product development
experience to Penford. Before joining Penford, Dratt served in senior
positions with Sensient Flavors & Fragrances, FONA International,
Griffith Laboratories and Diamond Consultants. He was most recently
Director-Customer Solutions with Sensient Flavors, where he headed
that company's product development team.

"I am confident that Andy will make outstanding contributions to
Penford through his strong business development and strategic planning
skills and experience," said Penford Corporation Chief Executive
Officer Thomas D. Malkoski. "We are very pleased to have Andy on board
as we develop business opportunities for growth to enhance value for
our shareholders and employees."

Dratt has an MBA from the European School for Management
(ESCP-EAP) in Paris, France. He earned his Bachelor's degree from the
University of Illinois, where he majored in Economics and French.

About Penford Corporation

Penford Corporation develops, manufactures and markets specialty
natural-based ingredient systems for diverse applications.

Penford Corporation
Christopher Lawlor, 303-649-1900
Vice President, Human Resources and General Counsel

Copyright Business Wire 2008