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U.S.
SUGAR CORPORATION ANNOUNCES NEXT PRESIDENT AND CEO
May
9, 2005, CLEWISTON, FL— United States Sugar Corporation Chairman
of the Board William S. White announced that Robert H. Buker, Jr.,
will become President and CEO upon the retirement of Robert A. Dolson.
Last month, Dolson announced his intention to retire at the end of
his five-year commitment to the Board. Buker is currently Executive
Vice President, responsible for all sugar operations.
“
Bob Buker has the complete support of both the Board and the entire
management team leading the Company. This is a clear signal from the
Board of Directors that we have strong senior leadership on the management
team and that we want to maintain that strength in the future,” said
White.
In making this decision, White said it is very important for the Company
to stay focused on effectively executing the plans put in place to
radically redesign and modernize the Company’s sugar processing
operations, on maintaining the culture associated with the change-oriented
direction of U. S. Sugar and on maintaining the strong management team
we have in place.
White hopes that this promotion sends a message that there is opportunity
for advancement for those who apply their talent, drive and initiative
to achieving the Company’s objectives in a change-oriented environment.
“Bob Buker has been part of the senior leadership team for a
long time. He is well grounded in all aspects of the business, whether
sugar,
citrus, regulatory or environmental. He is conversant, not only with
the history of the business, but also with the direction the business
needs to take. Most importantly, he is a straight shooter in whom the
Board, all shareholders and all employees can have full confidence
that he will do the right thing all the time,” White said.
“Bill White and the Board of Directors have made it clear that
their goal is to maintain the current leadership team intact in order
to
effectively complete these important projects over the next several
years. In other words, to stay on course, on time and on budget as
well as looking for future opportunities,” Buker said.
“Over the last five years, Bob Dolson has revitalized the structure,
direction and culture of our Company. He has assembled a strong and
focused management team who are addressing the issues and making the
decisions that will position the Company for the future. We appreciate
his contributions to the advancement of the Company. The Board of Directors,
Company management and the employees will all miss Bob Dolson and we
all wish him well in his retirement,” White said.
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