ST. LOUIS -- Cereal and snack maker Post Holdings Inc. has announced several management changes effective November 1, as well as a reorganization of its businesses.
William P. Stiritz, who has served as chairman and CEO since Post separated from Ralcorp Holdings Inc. in 2012, will continue with Post's executive team in the newly created role of executive chairman. In connection with this new role, the company extended Stiritz's employment agreement to October 2017.
Robert V. Vitale has been named president and CEO. He has served as Post's CFO since it was formed in October 2011. Vitale has also been named to Post's board.
Terence E. Block, currently president and COO, has decided to retire from Post and its board.
Post is reorganizing around three distinct groups. Post's newly formed Consumer Brands Group includes the legacy Post Foods cereal operations as well as the recently acquired active nutrition businesses of Premier Nutrition Corp., Dymatize Enterprises and the PowerBar and Musashi brands.
James L. Holbrook has been named president and CEO of the Consumer Brands Group. He has served as Post's executive vice president of marketing since October 2011 and as president of Post Foods since January 2014.
The Michael Foods Group now comprises the Michael Foods' egg, cheese and potato businesses that Post acquired in June 2014, and Dakota Growers Pasta Co., acquired in January 2014.
It will be headed by James E. Dwyer Jr. as president and CEO. He has led Michael Foods since 2009.
Holbrook and Dwyer have also been named executive vice presidents of Post Holdings.
Post's remaining businesses, consisting of Golden Boy Foods and Attune Foods, will comprise the Private Label Group. This group will report directly to Vitale.
"The most valuable asset a company can have is a management team capable of adapting to a changing environment," said Bill Stiritz. "I feel very confident moving into the next stage of our development. This team is among the best I have seen."
Post Holdings, St. Louis, is a consumer packaged goods (CPG) holding company operating in the center-of-the-store, refrigerated, active nutrition and private-label food categories.
Post's center-of-the-store portfolio includes Honey Bunches of Oats, Pebbles, Great Grains, Post Shredded Wheat, Post Raisin Bran, Grape-Nuts and Honeycomb. Post also offers premium natural and organic cereal, granola and snacks through the Attune, Uncle Sam, Erewhon, Golden Temple, Peace Cereal, Sweet Home Farm and Willamette Valley Granola Company brands. Post's refrigerated portfolio, through Michael Foods, includes value-added egg products, refrigerated potato products and cheese and other dairy case products and the Papetti's, All Whites, Better'n Eggs, Easy Eggs, Abbotsford Farms, Simply Potatoes and Crystal Farms brands. Post's active nutrition platform aids consumers in adopting healthier lifestyles and includes the Dymatize, Premier Protein, Supreme Protein, PowerBar, Musashi and Joint Juice brands. Post also manufactures private-label cereal, granola, low- and no-cholesterol egg products, dry pasta, peanut butter and other nut butters, dried fruits and baking and snacking nuts servicing the private-label retail, foodservice and ingredient channels.
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