Downers Grove / IL. (slc) Sara Lee Corporation announced that L.M. (Theo) de Kool, executive vice president and chief financial officer (CFO), will retire at the end of the current fiscal year in June 2009. The company has launched a search to replace de Kool.
«It has been a privilege to work at Sara Lee for the past 18 years and I am proud of the highly capable Finance, IT and Procurement teams we have built», said de Kool in a statement. «I am committed to continuing my responsibilities at Sara Lee throughout the remainder of the year and working with senior management and the board of directors to ensure a smooth transition».
«It´s been a pleasure to work side-by-side with Theo over the past several years and I am enormously thankful for his many contributions», said Brenda Barnes, chairman and chief executive officer. «Theo has my full support as he begins this new chapter in his life and I have confidence in the organization he has helped create».
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