Hostess CEO Driscoll To Quit Bankrupt Twinkie-Maker
This article is for subscribers only.
Brian Driscoll resigned as chief executive officer of bankrupt Hostess Brands Inc. and was replaced by Chief Restructuring Officer Gregory Rayburn.
Rayburn will oversee the company’s reorganization in bankruptcy, its business strategy, and negotiations with unions, Hostess said in a statement today. He has 29 years of experience working with troubled business, including New York City Off Track Betting Association and Sunterra Corp., and served as chief restructuring officer at WorldCom Inc.