| SUGAR LAND, TX. September 6, 2001 Imperial Sugar Company today
announced that Mark Q. Huggins has resigned as Chief Financial Officer
effective August 31, 2001 to pursue financial restructuring consulting
opportunities. The Company has initiated a search for a new Chief
Financial Officer, and expects to complete this process in the near
future. James C. Kempner, President and Chief Executive Officer, will
assume the role of interim Chief Financial Officer until a new CFO can be
appointed. Mr. Kempner previously held the role of Chief Financial Officer
of the Company from 1988 through April 1998.
Mr. Kempner stated, "I join the rest of the Company in thanking
Mark for his contribution to the success of Imperial Sugars recently
completed financial restructuring. We wish him the very best in his new
endeavors."
Imperial Sugar Company is the largest processor and marketer of refined
sugar in the United States and a major distributor to the foodservice
market. The Company markets its products nationally under the Imperial,
Dixie Crystals, Spreckels, Pioneer, Holly, Diamond Crystal
and Wholesome Sweeteners brands. Additional information about Imperial
Sugar may be found on its web site at www.imperialsugar.com
Contact:
William F. Schwer
Executive Vice President
and General Counsel
(281) 490-9795
Investor Relations:
Morgen-Walke Associates
Gordon McCoun
Media Contact: Steve DiMattia
(212) 850-5600 |