March 8, 2010 (FinancialWire) — Penford Corp. (NASDAQ: PENX) has named Edward F. Ryan to the company’s board of directors. Ryan will serve on the board’s audit committee, as well as the Executive Compensation and Development Committee.

Ryan began his career with Koch Industries in 1980. He is currently president of Entrepreneurial Financial Resources, Inc., a private equity firm that manages a portfolio of companies, and serves as chairman of several of those companies.

He is also chairman of Summit Marketing, LLC, a national direct marketing, government services, promotional products, and recognition and incentive company.

Ryan previously held a variety of positions at Code 3/Public Safety Equipment Inc., a supplier of lighting and sound based warning products, which he purchased in 1986 and continued to manage until its sale in 1998. He was previously a director of K2 Inc. and Rawlings Sporting Goods company, Inc., during periods when those sporting goods companies were independent and publicly held.

Colorado-based Penford develops, manufactures and markets specialty ingredients systems derived from natural and renewable sources for food and industrial applications, including fuel ethanol. Penford has five manufacturing and/or research locations in the United States.

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