SWP Names New Executive Team

WINNIPEG - Jun 21/07 - SNS -- The Saskatchewan Wheat Pool (SWP) named its executive team to run the newly combined operations of the SWP and Agricore United.

SWP President and CEO Mayo Schmidt will head the organization. Fran Malecha, previously the SWP's Senior Vice President of Grain Operations will assume the responsibility of Chief Operating Officer overseeing Grain, Agri-Products, Government and Commercial Relations.

David Carefoot will become the Chief Financial Officer of the Pool. Carefoot held the CFO role for Agricore since March 2006 and was previously the Vice President, Corporate Finance and Investor Relations.

William McGill who served as Vice President of Livestock Services for Agricore since 1993 will serve as Senior Vice President, Livestock Services in the new Company.

George Prosk, who served as Agricore's Vice President of Financial Markets since 2003 will assume the role of Senior Vice President, Financial Products.

Karl Gerrand will continue as President of Can-Oat Milling, a wholly owned subsidiary of the Pool. Gene Rurak, Chief Operating Officer of Western Co-operative Fertilizers Limited, will become President of that subsidiary.

Ray Dean, the SWP's Vice President, General Counsel and Corporate Secretary will continue with those responsibilities. Colleen Vancha is the Vice President of Investor Relations and Corporate Affairs of the new company. Paula Duguid continues as Vice President, Business Planning and Development.

Mike Brooks will become the Chief Information Officer and continue in his role as Vice President Information Technology for the new company. Gerry Valois previously Agricore's Vice President of Human Resources will continue in that role for the new company.

The following individuals will also be named Officers of the new organization: Lori Robidoux, Vice President of Taxation and Risk, will oversee tax, risk management and support the Investor Relations function; Bob Miller, Senior Vice President, Grain; Doug Weinbender, Senior Vice President, Agri-Products; Richard Wansbutter, Vice President, Government and Commercial Relations; Ron Cameron, Vice President, Finance and Corporate Controller; and Grant Theaker, Vice President and Treasurer and Sherry Lees, Treasurer.

Fran Malecha is directing the integration of the two operations, leading functional work teams made up of Pool and Agricore employees. These integration teams have begun assessing current organizational models in an effort to determine the optimal operating structure going forward.