SHARE

NatureWorks LLC Announces Management Change: Marc Verbruggen Named President and CEO

Company Primed for More Growth as Renewable Materials Market Gains Steam

MINNETONKA, Minn., June 26, 2008 – Marc Verbruggen has been named the new president and chief executive officer of NatureWorks LLC. Verbruggen replaces Dennis McGrew, who had held the post since Jan. 1, 2006. McGrew will remain with the company in an advisory capacity.

NatureWorks LLC is the first company to offer commercially available low carbon footprint polymers derived from 100-percent annually renewable resources. Since 2007 it has been a joint venture of Cargill, a U.S.-based provider of food, agricultural and risk management products and services; and Teijin, a Japan-based provider of synthetic fibers; films and plastics; pharmaceuticals and home health care; trading and retail; and IT products.

Verbruggen comes to NatureWorks from Teijin subsidiary Toho Tenax America, where he served as president since 2004. Based in Rockwood, Tenn., the subsidiary makes carbon fiber for the industrial, automotive, aerospace and sporting goods markets. Prior to Toho Tenax America, he served as business manager, rubber goods, in Teijin Aramid in the Netherlands. Verbruggen, 48, holds masters and doctorate degrees in aerospace engineering and brings 20 years of marketing, sales and business leadership experience.

“Marc Verbruggen’s insights into the technical and commercial aspects of performance materials will be critical to elevating NatureWorks to the next level of business performance while also continuing to drive environmental progress through real solutions that offer better sustainable choices for today and the future,” said NatureWorks board member and Teijin Executive Vice President and Chief Marketing Officer Yosh Karasawa. “We also believe that Marc can increase leverage points with Teijin’s corporate capabilities to help the joint venture, deriving synergies from both parents to accelerate market development.”

In recent years, NatureWorks has grown rapidly, with more than 100 leading brands now using Ingeo biopolymer in products available through more than 70,000 retail outlets worldwide. Its manufacturing plant in Blair, Neb., USA, is undergoing a capital expansion. The company just completed its fourth annual Ingeo Earth Month, a global celebration of responsible innovation, with high-profile events in venues from New York to Paris to Tokyo. This September, NatureWorks will be bringing technical experts from around the globe together for its first innovation summit, “Innovations Take Root,” exploring the wide range of technical and applications innovations available in the market today.

“NatureWorks experienced unprecedented growth during Dennis McGrew’s tenure,” said NatureWorks board member and retired Cargill Europe Executive Vice President Henk Mathot. “He launched our capital expansion and oversaw the successful on-boarding of Teijin as our joint venture partner. We thank him for his leadership and for his willingness to remain with the company as it takes the next step in its development.”

About NatureWorks

NatureWorks LLC is a company dedicated to meeting the world’s needs today without compromising the earth’s ability to meet the needs of tomorrow. NatureWorks LLC is the first company to offer a family of commercially available low-carbon footprint biopolymers derived from 100 percent annually renewable resources with performance and economics that compete with oil-based plastics and fibers. The production of these biopolymers uses less fossil fuel and emits fewer greenhouse gases than conventional polymers. The company applies its proprietary technology to process natural plant sugars to make NatureWorks® biopolymer, which is then used uniquely to make and market finished products under the Ingeo™ brand name. NatureWorks LLC is a joint venture between Cargill in the US and Teijin Limited of Japan. For more information, visit www.natureworksllc.com

About Cargill

Cargill is an international provider of food, agricultural and risk management products and services. With 158,000 employees in 66 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed. For more information, visit www.cargill.com.

About Teijin

Teijin is a global technology-driven group operating in five main fields: synthetic fibers; films and plastics; pharmaceuticals and home health care; trading and retail; and IT and new products. Teijin Limited is listed on the Tokyo and Osaka stock exchanges. The company had consolidated sales of USD 9.5 billion in fiscal 2007 and employs approximately 19,000 people worldwide. In line with its brand statement, “Human Chemistry, Human Solutions,” the Teijin Group continues to develop chemical technologies that are friendly to people and the global environment and to provide solutions that deliver real value to customers and society. For more information, visit www.teijin.co.jp.

###

Ingeo and the Ingeo logo are trademarks or registered trademarks of NatureWorks LLC in the USA and other countries.

For Editorial Information

North America / Latin America

 Steve Sterling

Europe
 Steve Sterling

Asia Pacific
 Pauline Ning

Japan
 Daisuke Takabatake

In this Section

Where to Buy

Looking to buy Ingeo biopolymer?

See global distributors

Looking for products made with Ingeo?

See products from our partners