Sara Lee CEO Adds Title of Chairman
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Sara Lee Corp.’s president and chief executive, C. Steven McMillan, was elected to the additional post of chairman effective Oct. 5.
McMillan, 55, succeeds the retiring John Bryan, whom he also had replaced last year as chief executive. Bryan, 64, was CEO for 25 years.
The Chicago company announced four other high-level promotions.
Barry Beracha, 59, CEO of the bakery group, was named an executive vice president of the corporation, and John Iselin Jr., 48, chief operating officer of the bakery group, was named senior vice president.
Promoted to senior vice president were Jacques Michaud, 54, CEO of Sara Lee’s intimate apparel unit in Europe, and Hugh Brian Duffy, 47, group CEO of Sara Lee Courtaulds/Legwear Europe.
Sara Lee shares rose 17 cents to $21.92 on the NYSE.
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