×
244
Fashion Jobs
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HALDWANI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Aligarh
SREEDHARA TEXTILES PRIVATE LIMITED
Deputy Manager - Fabric
Permanent · COIMBATORE
PANACEA VENCER
we Have Opening For Accounts Manager & Finance Manger For Garments
Permanent · COIMBATORE
JOBZ DADDY
Category Head For Home Decor of The Top Most Designer of India
Permanent · GURUGRAM
SMART SOURCE
Manager Market Place - Leading Fashion Retail - Bangalore
Permanent · Bengaluru
NCDI PLACEMENT CONSULTANCY
Accounts Executive For Retail Industry
Permanent · Lucknow
NCDI PLACEMENT CONSULTANCY
Customer Relationship Managere For Retail Industry
Permanent · LUCKNOW
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
HECTOR AND STREAK CONSULTING PVT LTD
Assistant Manager Production - Textile,Fabrics,Plastic,
Permanent · NASHIK
HECTOR AND STREAK CONSULTING PVT LTD
Manager Accounts - For a Manufacturing Company in Mumbai
Permanent · Mumbai
GENIUS CONSULTANTS LIMITED
Warehouse Manager in a Leading Garments Manufacturing Company
Permanent · Kolkata
GENIUS CONSULTANTS LIMITED
Digital Marketing Executive@ Hiring is Going on
Permanent · Kolkata
SUPER FASHION
HR Manager / sr. HR Manager (For Garments Industry)
Permanent · Faridabad
SUPER FASHION
General Manager Production / Production Manager (Knits Garments)
Permanent · Faridabad
CAREERPLUS PLACEMENTS PRIVATE LIMITED
Opening-Head Production - Leather Bag @Chennai
Permanent · Chennai
RELIANCE INDUSTRIES LTD
Cluster Merchant
Permanent · COIMBATORE

Sara Lee CEO Barnes to take medical leave

By
Reuters
Published
today May 16, 2010
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

NEW YORK, May 14 (Reuters) - Sara Lee Corp (SLE.N) said on Friday 14 May its chairman and chief executive, Brenda Barnes, will take a medical leave of absence, effective immediately.


Sanex, a Sara Lee brand - Photo: www.sanex.net

Chief Financial Officer Marcel Smits will serve as interim CEO until Barnes returns, the company said. James Crown, its lead independent director, will assume the role of chairman.

The company declined to comment on the nature of Barnes' condition, citing her privacy. Barnes is 56.

In addition, Sara Lee said it formed an office of the chairman -- comprised of Smits, Crown and Christopher John Fraleigh, CEO of its North American Retail and Foodservice unit -- "to ensure the continued effective execution of strategic initiatives and further enhance operational efficiencies."

Marcel Smits, 48, takes the reins of the maker of Sara Lee bread, Senseo coffee and Jimmy Dean sausage, as it is remaking its portfolio, focusing on food and coffee and selling off other businesses.

The company is slated to sell its European body-care business to Unilever Plc (ULVR.L) and parts of its Ambi Pur air freshener business to Procter & Gamble Co (PG.N).

Earlier this week the company said it would sell its 51 percent stake in Godrej Sara Lee Ltd, a joint venture that markets insecticides in India, to Godrej Consumer Products Ltd (GOCP.BO) for 185 million euros ($233.7 million). [ID:nSGE64C027]

The company said at the time it continued to receive strong interest in the remainder of the business, which includes shoe care, non-Indian insecticides and certain non-European cleaning brands.

SPEEDY RECOVERY

Barnes joined Sara Lee in July 2004 as chief operating officer. She became CEO in February 2005 and chairman later that year. She previously spent 22 years at PepsiCo, where she was CEO of PepsiCola North America.

"We wish Brenda (Barnes) a speedy recovery and look forward to her return," Crown said in a statement. "Out of respect for Brenda's privacy, we will not be commenting further."

A company spokesman declined to comment beyond the statement.

Disclosing information about the medical condition of a top executive can be a sensitive topic. Electronics maker Apple Inc (AAPL.O) came under fire and saw wild swings in its stock price after it was vague about founder and CEO Steve Jobs' pancreatic cancer last year.

Sara Lee, based in Downers Grove, Illinois, said it named Mark Garvey as its interim CFO to replace Smits.

Smits joined Sara Lee in October 2009 from Dutch telecommunications firm Koninklijke KPN NV.

Sara Lee shares closed on the New York Stock Exchange at $14.70 on Friday 14 May, down 1.1 percent. There was no after-hours trading in the shares following the news about Barnes. (Reporting by Martinne Geller; editing by Andre Grenon)

© Thomson Reuters 2020 All rights reserved.