8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 27, 2002

PENFORD CORPORATION

(Exact name of registrant as specified in its charter)

Commission File No. 0-11488

Washington	91-1221360
(State of Incorporation)	(I.R.S. Employer Identification No.)
777-108th Avenue N.E., Suite 2390, Bellevue, Washington	98004-5193
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (425) 462-6000

1

TABLE OF CONTENTS

	Item 5. Other Events and Regulation FD Disclosure.
	Item 7. Financial Statements, ProForma Financial Information and Exhibits.
SIGNATURES
	Exhibit Index
EXHIBIT 99.1

Item 5. Other Events and Regulation FD Disclosure.

     On June 27, 2002, Penford Corporation issued a press release announcing that Steven O. Cordier will join the company as chief financial officer and corporate vice president. Cordier brings an accomplished career of over twenty-two years in specialty ingredient food and industrial businesses to Penford, with extensive experience in a variety of financial, investor relations and strategic planning roles.

Item 7. Financial Statements, ProForma Financial Information and Exhibits.

     (c)  Exhibits.

99.1 Press Release dated June 27, 2002.

2

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Penford Corporation
	(Registrant)
June 28, 2002	/s/ Jacqueline L. Davidson
Date	Jacqueline L. Davidson Vice President of Finance (Chief Accounting Officer)

3

Exhibit Index

99.1 Press Release dated June 27, 2002.

EX-99.1

                                                                    EXHIBIT 99.1


CONTACTS:   Thomas D. Malkoski          Jeffrey T. Cook          Stephen Davis
            CEO                         President                MWW/Savitt
            Penford Corporation         Penford Corporation      206-505-8380
            303-649-1900                425-462-6000             SDAVIS@MWW.COM
            TMALKOSKI@PENX.COM          JCOOK@PENX.COM

                                                           FOR IMMEDIATE RELEASE

                 STEVEN O. CORDIER JOINS PENFORD CORPORATION AS
                             CHIEF FINANCIAL OFFICER

BELLEVUE, WASH., JUNE 27, 2002 -- Penford Corporation (Nasdaq: PENX) announced
today that Steven O. Cordier will join the company as chief financial officer
and corporate vice president. Cordier brings an accomplished career of over 22
years in specialty ingredient food and industrial businesses to Penford, with
extensive experience in a variety of financial, investor relations and strategic
planning roles.

"I am confident that Steve will make outstanding contributions to Penford
through his strong financial and strategic planning experience and extensive
knowledge of financial operations," said Penford Corporation CEO, Thomas D.
Malkoski. "His understanding of specialty ingredient businesses and the
business-to-business customer environment we operate in will immediately add
value to the company. We are honored to have Steve aboard as we continue to
capitalize on new opportunities for growth and development."

Before joining Penford, Cordier served at Milwaukee-based Sensient Technologies
Corporation, a $900 million, international, publicly-traded company that
manufactures flavors, ingredients, colors and fragrances for the food, beverage,
pharmaceutical and technology industries. During his early tenure with the
company, he was vice president and treasurer before being promoted to vice
president of administration in 1999. As vice president of administration,
Cordier was directly responsible for investor relations, information technology,
engineering and internal audit.

                                     -more-




STEVEN O. CORDIER JOINS PENFORD CORPORATION AS CHIEF FINANCIAL OFFICER, PAGE 2.

Prior to Sensient, Cordier worked for International Flavors & Fragrances, a
New York-based, publicly-traded company that manufactures flavors and fragrances
for the food, beverage and cosmetic industries. During his 16-year tenure with
the company, he served in a variety of financial roles including financial
analyst, assistant director of financial planning, and eventually director of
financial planning.

Cordier is a member of Financial Executives International, the National Investor
Relations Institute, and the Consumer Analyst Group of New York. He holds a
bachelor of science degree in public administration, and a master's degree in
business administration, both from the University of Arizona.

ABOUT PENFORD CORPORATION

Penford Corporation develops, manufactures and markets specialty natural-based
ingredient systems for various applications, including papermaking, textiles and
food products

For automated shareholder information, please call 1-888-317-2013.


                                       ###