Jan. 6 (Bloomberg) -- Sara Lee Corp., the food company that plans to spin off its coffee unit this year, named Sean Connolly chief executive officer of its North American meats business.
Connolly, 46, will leave Campbell Soup Co., where he is president of its North America unit, Downers Grove, Illinois- based Sara Lee said today in a statement. He previously worked in various roles including marketing at Procter & Gamble Co.
Sara Lee is splitting itself up to give the companies more flexibility to make acquisitions and boost value for investors. Prior to the spinoff, Connolly will run the company’s North American retail and foodservice unit. He succeeds CEO Marcel Smits, who has lead Sara Lee since September.
Sara Lee, the maker of Ball Park hot dogs and Douwe Egberts coffee, was little changed at 9:33 a.m. in New York. The shares rose 8.1 percent last year.
--Editors: James Callan, Kevin Orland
#<117117.43717126.96.36.199.14779.25># -0- Jan/06/2012 14:37 GMT
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