Sara Lee Unveils Transformation Plan that Focuses on Food
CHICAGO -- Sara Lee Corp. here said yesterday it was implementing a comprehensive transformation plan designed to better position the company for long-term growth, which includes focusing tightly on its food, beverage, and household products, and divesting certain businesses. Also, as part of the plan, Brenda C. Barnes was elected c.e.o., effective immediately. She replaces Steve McMillan, who will remain chairman until October.