Sara Lee Corporation Sara Lee Corp. Names Michel M.G. Cup Chief Financial Officer of CoffeeCo
25 Oktober 2011 - 3:25PM
UK Regulatory
TIDMSRL
Sara Lee Corp. (NYSE: SLE) announced today that it has appointed
Michel M.G. Cup as executive vice president and chief financial
officer of its International Beverage business. He will also serve
as chief financial officer of 'CoffeeCo' once it is spun-off from
Sara Lee Corp. in the first half of calendar 2012. Cup will start
his new duties on Dec. 1, 2011.
Cup, 42, joins Sara Lee from Dutch-based Provimi, a leader in
international animal nutrition. He currently serves as chief
financial officer and Board Member of the company where he oversees
the global finance function, including M&A, Corporate
Communications, Tax, Legal, IT, Treasury, Risk and Credit
Management, as well as all finance related to Procurement.
Previously, he was finance director of Decorative Paint Continental
Europe for AkzoNobel NV. Prior to AkzoNobel, he held multiple
finance managerial positions with Royal Numico NV, a leading baby
food company, later sold to Danone. He began his business career
with Deloitte Accountants in the Netherlands.
Jan Bennink, Sara Lee Corp.'s executive chairman, said "We are
delighted to have attracted a candidate of Michel's talent and
experience and he joins CoffeeCo at an exciting time. Having worked
with Michel previously, I am fully confident that his background
and expertise will be significant in helping launch CoffeeCo as a
successful pure-play company and one of the world's leaders in
Coffee and Tea."
Cup said "I believe the CoffeeCo business has tremendous
potential and I'm delighted to join the company at this critical
time. Jan Bennink has set an ambitious vision for the company and
I'm looking forward enormously to the challenge."
About Sara Lee Corporation
Each and every day, Sara Lee (NYSE: SLE) delights millions of
consumers and customers around the world. The company has one of
the world's best-loved and leading portfolios with its innovative
and trusted food and beverage brands, including Ball Park, Douwe
Egberts, Hillshire Farm, Jimmy Dean, Sara Lee and Senseo.
Collectively, our brands generate nearly $9 billion in annual net
sales from continuing operations. Sara Lee has approximately 20,000
employees in its continuing operations worldwide. In January, 2011,
Sara Lee Corp. announced that it will divide the company into two
pure play publicly-traded companies. One company will be focused
around the current International Coffee and Tea business, while the
other company will be focused on the North American Retail Meats
and North American Foodservice businesses. For more information on
this news, and on Sara Lee's brands, please visit
www.saralee.com.
Media (International): Ernesto Duran, +31.30.297.2329Media: Mike
Cummins, +1.630.598.8412Analysts: Melissa Napier,
+1.630.598.8739
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