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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Sara Lee Corp | LSE:SRL | London | Ordinary Share | COM STK US$1.33 1/3 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 13.82 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
BW20030213002183 20030213T130610Z UTC ( BW)(SARA-LEE)(SRL) Directorate Change Business Editors UK REGULATORY NEWS CHICAG0--(BUSINESS WIRE)--Feb. 13, 2003-- Sara Lee Announces Management Succession for Company's Beverage and Household Products Businesses Meysman to retire from company and board of directors in June; Nuhn to lead Sara Lee/DE Sara Lee Corporation announced today that Frank L. Meysman, executive vice president and director of Sara Lee Corporation, and chairman of the board of management of Sara Lee/DE International b.v., based in the Netherlands, will retire from the company and the board of directors at the end of June, which is the close of Sara Lee's fiscal year. Meysman, 50, who is currently responsible for the global Beverage and Household Products businesses, which are managed by Sara Lee/DE and include the Coffee and Tea, Household and Body Care, and Direct Selling divisions, is leaving Sara Lee to pursue a second career. Adriaan Nuhn, 49, who currently serves as president of Sara Lee Coffee and Tea and is a senior vice president of Sara Lee Corporation, will succeed Meysman and will report to C. Steven McMillan, chairman, president and chief executive officer of Sara Lee Corporation. "Frank Meysman has contributed significantly to the growth and success of Sara Lee's worldwide Beverage and Household Products businesses, building and expanding some of the best global brands in Sara Lee's portfolio. We wish him much success as he seeks new and greater professional challenges, and we appreciate his commitment to a smooth transition," said McMillan. Hans van Liemt, chairman of the supervisory board of Sara Lee/DE, joined McMillan in adding, "We thank Frank for his many years of service to Sara Lee. As Frank's successor, Adriaan Nuhn is a proven leader who has achieved an outstanding record of performance in both our Beverage and Household and Body Care divisions. Adriaan's promotion ensures continuity of management and strategy for Sara Lee/DE." Peter J.W. Roorda, 54, a senior vice president of Sara Lee Corporation and current president of Sara Lee's Household and Body Care business will become president of Sara Lee Coffee and Tea, succeeding Nuhn. Vincent H.A.M. Janssen, 49, a regional vice president of Sara Lee's Coffee and Tea division, will succeed Roorda as president of Sara Lee's Household and Body Care business and will join the Sara Lee/DE board of management. Roorda and Janssen will report to Nuhn. All of these management changes will be effective June 29, 2003, the beginning of Sara Lee's next fiscal year. Meysman began his Sara Lee career in 1986 as vice president of marketing for Douwe Egberts, Belgium, and he was promoted to president of that business in 1989. The following year, he assumed responsibility for corporate strategy and business development for Sara Lee/DE. In 1992, Meysman was elected a vice president of Sara Lee Corporation, appointed a member of the board of management of Sara Lee/DE and assumed responsibility for the Household and Body Care business. In 1994, he was named a senior vice president of the corporation and appointed chairman of the board of management of Sara Lee/DE. Meysman was named an executive vice president of the corporation and elected to Sara Lee Corporation's board of directors in 1997. Meysman is a member of the supervisory board of VNU, a Netherlands-based publishing company, and Grontmij, a Netherlands-based engineer and consultancy company. He is also a board member of GIMV, a Belgium-based investment company, and a member of the advisory board of ABN AMRO bank. Nuhn joined Sara Lee in 1990 as a general manager within the Household and Body Care division in the Netherlands. During the next few years, he held several positions of increasing responsibility. In 1995, Nuhn was named president of the worldwide Household and Body Care division, elected a corporate vice president and appointed to the board of management of Sara Lee/DE. In 1996, he was named a senior vice president of Sara Lee Corporation, and in 1999 Nuhn was appointed president of the worldwide Coffee and Tea division. Roorda began his career in product management at the Van Nelle Coffee division in 1974. In 1989, when Sara Lee acquired Van Nelle Coffee, Roorda was named president of DE Coffee Systems International, Sara Lee's out-of-home coffee business. He was named a regional vice president for Household and Body Care in 1996. In 1999, Roorda was promoted to president of the Household and Body Care business, was named a vice president of Sara Lee Corporation and became a member of the board of management of Sara Lee/DE. The following year, Roorda was elected a senior vice president of the corporation. Janssen joined Sara Lee in 1992 as director of marketing and sales for Douwe Egberts, the Netherlands. The following year he was named president of that division, and during the next few years Janssen held several positions of increasing responsibility in the Beverage line of business. Janssen was named to his current position in 1999, with responsibility for all Coffee and Tea activities in the Netherlands, the U.K., Australia and Poland as well as the worldwide Coffee Systems business. Sara Lee Corporation (www.saralee.com) is one of the world's leading branded consumer packaged goods companies, selling its products in nearly 200 countries. The company has three global businesses - Food and Beverage, Intimates and Underwear, and Household Products - through which it manufactures and markets products of exceptional quality and value under leading, well-known brand names such as Sara Lee, Earth Grains, Jimmy Dean, Douwe Egberts, Chock full o'Nuts, Hanes, Playtex, Bali, Dim, Kiwi, Ambi-Pur and Sanex. Short Name: Sara Lee Corporation Category Code: BOA Sequence Number: 00001908 Time of Receipt (offset from UTC): 20030212T165819+0000 --30--ccv/cgo* db/in CONTACT: Media: Sara Lee Corporation Julie Ketay, 312/558-8727 Joost den Haan, +31-30-297-2297 or Analysts: Sara Lee Corporation Aaron Hoffman, 312/558-8739 KEYWORD: ILLINOIS UNITED KINGDOM INTERNATIONAL EUROPE INDUSTRY KEYWORD: RETAIL FOODS/BEVERAGES APPAREL/TEXTILES MANAGEMENT CHANGES SOURCE: Sara Lee Corporation Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
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