Ralcorp Holdings Inc. has picked Robert Vitale to serve as chief financial officer of Post Holdings, which will house its Post cereal business following the food maker's planned spinoff of the business.
Constellation Brands Inc.'s fiscal second-quarter earnings rose 78% as the alcoholic-beverage company's realignment continued to offset lower sales and improved margins.
Senior financial executives of global food and beverage companies expect to achieve improved financial performance in 2011, but foresee difficulty in sustaining profit margins and increasing market share, according to a survey by KPMG International.