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Sara Lee Names Boards of Directors for Independent Businesses Following Spin-off

By Insider Scoop
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Courtesy of Benzinga.

Sara Lee Corp. (Sara Lee) (NYSE: SLE) today announced the boards of directors for its international coffee and tea company, D.E MASTER BLENDERS 1753 and its North American meats company (currently referred to as “MeatCo”).

Upon completion of the proposed spin-off, Christopher Begley, current director of Sara Lee Corp. and the former chairman and chief executive officer of Hospira, Inc., will serve as non-executive chairman of the board of MeatCo. As previously announced, Jan Bennink, currently executive chairman of Sara Lee Corp., will serve as non-executive chairman of the board of D.E MASTER BLENDERS 1753, which will be spun-off by the end of June 2012. Bennink has served as executive chairman of Sara Lee Corp. since Feb. 2011.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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