Dreyer's Grand Ice Cream Names New CFO

    Business Editors/Food/Beverage Writers

    OAKLAND, Calif.--(BUSINESS WIRE)--March 9, 2005--Dreyer's Grand Ice Cream Holdings, Inc. (Dreyer's) (NNM:DRYR), announced today that Doug Holdt has been named executive vice president and chief financial officer. Holdt comes from Nestle Canada where he served as senior vice president and chief financial officer. He replaces Alberto Romaneschi, who is transitioning back to Nestle after having served as CFO of Dreyer's for the past two years.
    Holdt is a 19-year veteran of Nestle and has held executive-level finance positions across a number of Nestle businesses in the United States and Canada. Prior to joining Nestle Canada, where he served as CFO for four years, Holdt was senior vice president of finance for the beverage division of Nestle USA and before that, he served as vice president and corporate controller for Nestle USA in Glendale, California. Holdt will report directly to T. Gary Rogers, chairman and chief executive officer of Dreyer's.

    Dreyer's Grand Ice Cream Holdings, Inc., and its subsidiaries manufacture and distribute a full spectrum of ice cream and frozen dessert products. Brands of frozen dessert products currently manufactured or distributed by Dreyer's in the United States include Grand, Slow Churned(TM) Light, Haagen-Dazs(R), Nestle(R) Drumstick(R), Nestle Crunch(R), Butterfinger(R), Toll House(R), Carnation(R), Push-Up(R), Dole(R), Homemade, Fruit Bars, Starbucks(R), Skinny Cow(R), Skinny Carb Bar(TM) and Healthy Choice(R). The company's premium products are marketed under the Dreyer's brand name throughout the western states and Texas, and under the Edy's name throughout the remainder of the United States. Internationally, the Dreyer's brand extends to select markets in the Far East and the Edy's brand extends to the Caribbean and South America. For more information on the company, please visit www.dreyersinc.com.

    Edy's, the Dreyer's and Edy's logo design, Slow Churned, and Homemade, are all trademarks or trade names of Dreyer's Grand Ice Cream, Inc. The Nestle and Haagen-Dazs trademarks in the U.S. are licensed to Dreyer's by Nestle. All other trademarks and trade names are owned by their respective companies and licensed to Dreyer's. NESTLE(R) DRUMSTICK(R), NESTLE CRUNCH(R), BUTTERFINGER(R), TOLL HOUSE(R), CARNATION(R) AND PUSH-UP(R) are registered trademarks of Societe des Produits Nestle S.A., Vevey, Switzerland.

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CONTACT: Dreyer's Grand Ice Cream Holdings, Inc. Dori Sera Bailey, 510-601-4241 (Media) C. Scott Webster, 510-450-4545 (Investors)

KEYWORD: CALIFORNIA INTERNATIONAL CANADA INDUSTRY KEYWORD: CONSUMER/HOUSEHOLD FOODS/BEVERAGES RETAIL MANAGEMENT CHANGES SOURCE: Dreyer's Grand Ice Cream Holdings, Inc.

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