Sara Lee CEO Barnes to Resign After Suffering Stroke
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Sara Lee Corp., the maker of Ball Park hot dogs and Senseo coffee, said Brenda Barnes is resigning as chairman and chief executive officer, focusing on her health after taking leave in May to recover from a stroke.
Marcel Smits will continue as interim CEO and James S. Crown will remain chairman during the search for a successor, Sara Lee said today. Smits and C.J. Fraleigh, head of the North American retail and foodservice operations, are both contenders for the job, D.A. Davidson & Co. analyst Tim Ramey said.