Sara Lee Corp. has named a new chief executive in a sweeping reorganization. After years of tinkering with a product mix that includes more than 150 brands, from Jimmy Dean sausage to Champion sportswear, company officials said it will now home in on the meat and bakery items that are the core of the 66-year-old company.
Sara Lee named president and chief operating officer Brenda Barnes its new chief executive officer, replacing Steve McMillan, who will remain chairman until October. McMillan said the company recruited Barnes last year as his successor.