Sun World Announces Management Changes

Bakersfield, California – Sun World International, LLC, one of California’s leading agricultural firms, announced today that following the anticipated retirement of Allen Vangelos, Sun World’s current President and CEO, David Dever has been appointed the firm’s President and Chief Executive Officer.

Dever will begin in his new position on January 16, 2012. He currently serves as CEO of Pandol, Bros. Inc., an import and export produce company. Allen Vangelos, Sun World’s current President and CEO is retiring to pursue personal interests but will remain a member of Sun World’s Board of Managers. Vangelos has served as CEO since June 2008, and prior to that served as a Manager, beginning in October 2006.

Christopher Parker, Chairman of the Board of Managers, commented, “On behalf of the Board of Managers and the entire management team, I would like to express our gratitude to Al not only for his leadership as President and CEO, but also for the hard work and dedication that he has given to Sun World. We wish him the best in his well-deserved retirement.” Parker continued, “Sun World’s Board and management team are confident that after an extensive search, David Dever is the right person to be our next CEO and we look forward to his contributions”

“I am excited to join the Sun World family” stated Dever. “Sun World’s international reputation for quality products backed by a well-qualified and innovative team provides a great foundation from which to build. I look forward to working with such a talented and dedicated group of people.”

“I want to thank Sun World’s Board and management team for these last six years,” said Vangelos. “I am proud to have been part of the company’s growth and evolution into a premier agricultural company.”

About Sun World International, LLC.:

Sun World first sunk its roots into the fresh fruit and vegetable industry in 1976. The Company began as a packer and marketer of fresh produce, and today, breeds, grows and markets its signature proprietary varieties and brands such as SUPERIOR SEEDLESS®, SCARLOTTA SEEDLESS® and MIDNIGHT BEAUTY® (grapes), BLACK DIAMOND® (plums), HONEYCOT® (apricots) and LE ROUGE ROYALE® (sweet peppers).

Sun World is proud to offer a full line of proprietary and public seedless grapes, sweet peppers, stonefruits and other distinctive fruits and vegetables. The company harvests over 10,000 acres of farming land, maintains a network of 950 domestic and international partner growers, and markets over 11.5 million cartons of fresh fruit worldwide

About Black Diamond Capital Management:

Black Diamond is a leading alternative asset management firm with over $10 billion in assets under management. Black Diamond manages complementary control distressed/private equity funds, hedge funds, mezzanine funds and CLO and other structured vehicles. Founded in 1995, Black Diamond employs more than 75 people and has offices in Greenwich, CT, Lake Forest, IL and London, England.

Source: Sun World International, LLC