Interstate Bakeries Corporation (IBC) announced that Ronald B. Hutchison has been named executive vice president and chief financial officer for IBC effective immediately. He will report directly to CEO James Elsesser and will work closely with Elsesser and other members of senior management to consolidate operations and improve profitability. The chief financial officer position had been open since the retirement of Frank W. Coffey as CFO in May of 2003.
"Ron brings a strong expertise in corporate finance and complex organizations," said Elsesser. "He will be a key participant in our refinancing activities and a major contributor in IBC's efforts to improve our operations, systems and financial performance."