Sara Lee North American CEO resigns
Sara Lee Corp
We now believe that a different approach is needed to transition the North American business into a pure-play company, Jan Bennink, executive chairman of Sara Lee, said in a statement.
Currently Sara Lee Chief Executive Marcel Smits will run the North American business while a successor is sought for Fraleigh, and Fraleigh will be available to Smits during the transition, the company said.
(Reporting by Brad Dorfman, editing by Gerald E. McCormick)
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