Schreiber Foods

News Release

DAVID POZNIAK ANNOUNCES RETIREMENT; MIKE HADDAD NAMED PRESIDENT AND CEO

GREEN BAY, WI – David Pozniak, President and Chief Executive Officer of Schreiber Foods, announced today that he will retire at the end of the year to enable him to focus on his improved health. Chairman Larry Ferguson announced that Mike Haddad will take over as President and CEO on Dec. 31, 2008.

“I’m very proud of our company and our partners,” Pozniak said. “Schreiber is well positioned for the future. I have great faith in Mike Haddad, and great faith in our partners around the world.”

Haddad thanked Pozniak for his 34 years of service to Schreiber and the indelible impact he has left on the company. “David’s contributions to our company’s success are immeasurable. He had the vision to expand our international footprint and create new markets for our products worldwide. He was the lead on the majority of the acquisitions we’ve made in the last 10 years. He leaves an incredible legacy of output that will have a positive impact on our company’s growth for years to come.

“Thank you so much, David, for three decades of exceptional results and for your loyal and faithful service to this company,” Haddad continued. “We wish you abundant health and happiness in the years ahead.”

Haddad joined Schreiber in 1995 as a Business Sales Manager after spending eight years with Haddad Enterprises, a New England food broker. He was named National Sales Director-Distributors in 2002, a Vice President in 2004 and a Senior Vice President in 2005. In 2006, he was named President and COO-Schreiber Foods Sales and elected to the company’s Board of Directors.

Haddad is on the Board of Directors of the Wisconsin Chapter of the Make-A-Wish Foundation. He and his wife Leanne live in Green Bay with their daughter Kelly and son Nick.

Headquartered in Green Bay, Schreiber Foods is the world’s largest employee-owned dairy company with annual sales of more than $4 billion. It produces and distributes process, natural, cream and specialty cheeses; yogurt; butter, butter blends, sour cream and a range of other dairy products to restaurants, food service organizations and retailers around the world. It has sales, processing and distribution operations in the United States, Brazil, China, Germany, India and Mexico.