Scotts, Mississippi
December 7, 2005
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.
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. |