Penford hires director of business development

by Keith Nunes
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CENTENNIAL, COLO. — Michael J. Friesema has joined the Penford Corp. as director of business development. Mr. Friesema comes to the company from Corn Products International.

“Penford is evaluating several opportunities in specialized bio-materials and in foods,” said Thomas D. Malkoski, chief executive officer of Penford. “Mike brings to the company broad experience to screen, validate, and develop growth initiatives designed to create shareholder value.”

Mr. Friesema received a bachelor of science degree in chemical engineering and a master’s of business administration, both from Michigan Technological University.

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