SIOUX CITY, Iowa, July 29 /PRNewswire-FirstCall/ -- Terra Industries Inc.
(NYSE: TRA) announces the promotion of Richard Sanders Jr. (age 46) to Vice
President, Manufacturing. Sanders is responsible for manufacturing operations
at the company's 10 production facilities in North America and the United
Kingdom. Sanders fills the position vacated by retiring Senior Vice President,
Manufacturing, Steven Savage.
"We had several well-qualified internal candidates to replace Steve," said
Terra President and CEO Michael Bennett. "The experience Richard Sanders has
gained in his long career as a plant manager should serve him well as he leads
our manufacturing organization in challenging times. I'm confident in
Richard's ability to continue and refine the strong culture emphasizing
safety, environmental responsibility, cost effectiveness and reliability in
our manufacturing facilities that Steve has helped build here at Terra."
Sanders earned a B.S. in Chemical Engineering from Louisiana State
University in Baton Rouge in 1980. He was a Production Engineer for Agrico in
Donaldsonville, La., for five years, then moved into management positions in
the company's nitrogen and phosphate operations. In 1993, Sanders became Plant
Manager at the Beaumont, Texas, methanol manufacturing facility. Since 1995,
he has been Plant Manager of Terra's Verdigris, Okla., nitrogen manufacturing
facility.
Sanders, his wife Debbie and their son Peyton (7), live in Verdigris.
Terra Industries Inc., with 2002 revenues of $1 billion, is a leading
international producer of nitrogen products and methanol.
This news release may contain forward-looking statements, which involve
inherent risks and uncertainties. Statements that are not historical facts,
including statements about Terra Industries Inc.'s beliefs, plans or
expectations, are forward-looking statements. These statements are based on
current plans, estimates and expectations. Actual results may differ
materially from those projected in such forward-looking statements and
therefore you should not place undue reliance on them. A non-exclusive list of
the important factors that could cause actual results to differ materially
from those in such forward-looking statements is set forth in Terra Industries
Inc.'s most recent report on Form 10-K and Terra Industries Inc.'s other
documents on file with the Securities and Exchange Commission. Terra
Industries Inc. undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future
developments or otherwise.
Note: Terra Industries' news announcements are also available on its web
site, http://www.terraindustries.com .
SOURCE Terra Industries Inc.
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Related links:
http://www.terraindustries.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/437906.html
CONTACT:
Mark Rosenbury of Terra Industries Inc.,
+1-712-279-8756, mrosenbury@terraindustries.com
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