Seminis CEO to assume greater operational role

Oxnard, California
March 11, 2003

Seminis Inc. (Nasdaq: SMNS), the world's largest developer, producer and marketer of vegetable and fruit seeds, today announced that Mr. Eugenio Najera, President and Chief Operating Officer, will end his assignment with Seminis, having completed the turnaround of the company during his two and a half year tenure.

Mr. Alfonso Romo, Chairman and Chief Executive Officer, indicated that he will assume the duties of the president in the ongoing implementation of Seminis' growth and profitability initiatives as well as the day-to-day operating activities of the worldwide company, beginning April 1, 2003.

"I would like to personally congratulate Eugenio Najera for his outstanding performance as President and Chief Operating Officer of Seminis," said Mr. Romo. "The results the company achieved during the past two and half years can be credited in large part to his expertise in implementing turnaround strategies. I recognize and appreciate his considerable contributions." He indicated that Mr. Najera will remain a member of the Seminis Board of Directors and also serve as a close advisor on downstream value creation and produce industry relations strategies.

Mr. Romo reaffirmed Seminis' business strategy and vision: "Seminis is a unique company, and we are at an enviable point in history. As our company was at a crossroads, so is the vegetable seed industry today. For companies willing to evolve, there are vast new opportunities. We have the technology, the resources and the team to both serve our customers and improve nutrition and health on a worldwide basis. I am confident that we will deliver greater rewards for our customers, the company, and our shareholders."

The company also announced that, effective immediately, Mr. Bruno Ferrari will take a broader role in the organization as Executive Senior Vice President of Worldwide Commercial, overseeing all commercial sales and marketing activities. Mr. Ferrari has held several leadership positions in Seminis, most recently as Executive Senior Vice President, Europe, Middle East and Africa.

Jose Manuel Madero was named as Vice President, Supply Chain Management, with responsibility for production, operations, forecasting, inventory management, distribution and customer service. Mr. Madero joined Seminis last year with responsibility over Forecasting and Inventory Management.

The company also announced that Mateo Mazal would assume the role of Vice President of Human Resources and Information Technology. He has been on the Board of Directors of Seminis since January 2002 and has held several management positions at Seminis' parent company since 1985.

Seminis Inc. (Nasdaq: SMNS) is the largest developer, producer and marketer of vegetable seeds in the world. The company uses seeds as the delivery vehicle for innovative agricultural technology. Its products are designed to reduce the need for agricultural chemicals, increase crop yield, reduce spoilage, offer longer shelf life, create better tasting foods and foods with better nutritional content. Seminis has established a worldwide presence and global distribution network that spans 150 countries and territories. 

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