On the Street -- Michael Foods Names President

November 2/Minnetonka, Minn./PRNewswire -- Michael Foods Inc. announced the hiring of James E. Dwyer, Jr., as president and chief executive officer. Dwyer had recently been employed by Ahold USA as executive vce president, Private Brands and E-Commerce, and chief business development officer for Stop and Shop Companies, a subsidiary of Ahold USA. Gregg A. Ostrander, who had served as president and chief executive officer, in addition to chairman of the board, since April of this year, will assume his prior position of executive chairman.

Commenting on the appointment of Dwyer, Ostrander said, "We are pleased to be bringing Jim on-board as our new president and C. E. O. Jim brings a wealth of food experience and strong leadership to the team at Michael Foods. I look forward to working with Jim as the company continues to execute its growth plans."

From the November 9, 2009, Prepared Foods E-dition