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PENWEST FORMER CHIEF EXECUTIVE OFFICER RESIGNS FROM BOARD

 BELLEVUE, Wash., July 1 /PRNewswire/ -- Curtis P. Lindley has resigned from the board of directors of PENWEST (NASDAQ: PENW) to make more time available for personal interests, the company announced today. Lindley, 68, was the company's first chairman and chief executive officer upon its formation in 1984, and he will continue to consult with the company as director emeritus.
 He had been reelected to the board at the company's annual meeting in February to a term which expires in 1996 and most recently had served on the executive committee.
 The company said it is reviewing candidates to succeed Lindley.
 PENWEST develops, manufactures and markets specialty carbohydrate and synthetic polymer chemicals for papermaking. The company also produces and markets specialty food ingredients, agricultural nutrition supplements and pharmaceutical excipient products, the non-active ingredients in tablets and capsules.
 -0- 7/1/93
 /CONTACT: Jeffrey T. Cook of PENWEST, 206-462-6000; or Robley W. Sundmacher of Corporate Communications Inc., 206-728-1778, for PENWEST/
 (PENW)


CO: PENWEST ST: Washington IN: CHM SU: PER

LH-SW -- SE001 -- 7570 07/01/93 09:20 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
Words:175
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