Ralcorp Names Post Holdings CEO Following Separation
Ralcorp Holdings, Inc. announced that its chairman, William P. Stiritz, will serve as Chief Executive Officer of Post Holdings following the previously announced separation of Ralcorp and the Post cereal business. As previously announced, Stiritz will also serve as Chairman of the Board of Post Holdings.
"I am excited to lead Post forward and strongly believe in its future as an independent public company," Stiritz said. "As we work through the separation process, we continue to plan for the future of Post, including its strategy, financing, marketing and other core corporate functions necessary to succeed. We remain fully committed to growing the brand and taking the steps necessary to create enhanced shareholder value."
Stiritz added, "Thanks to the diligent efforts of the Ralcorp management team, the separation of Post continues to move forward and is on pace to be completed near year end. To ensure a smooth transition, I will continue to be intimately involved in the separation process."
Ralcorp also announced that James L. Holbrook will join Post Holdings as Executive Vice President, Marketing, effective October 3, 2011. Most recently, Holbrook served as Chief Executive Officer of EMAK Worldwide, a family of marketing agencies including Upshot, Equity Marketing and Neighbor. Previously, Holbrook served in a variety of marketing positions at Ralston Purina Company (now Nestle Purina) where he launched the Purina O.N.E. line of products and led the Purina/Wal-Mart sales team, growing revenues from $30 million to $300 million in three years. The company intends to announce the remaining Post executive management team, including Chief Financial Officer and Chief Operating Officer, by the end of the year.
"I am excited to lead Post forward and strongly believe in its future as an independent public company," Stiritz said. "As we work through the separation process, we continue to plan for the future of Post, including its strategy, financing, marketing and other core corporate functions necessary to succeed. We remain fully committed to growing the brand and taking the steps necessary to create enhanced shareholder value."
Stiritz added, "Thanks to the diligent efforts of the Ralcorp management team, the separation of Post continues to move forward and is on pace to be completed near year end. To ensure a smooth transition, I will continue to be intimately involved in the separation process."
Ralcorp also announced that James L. Holbrook will join Post Holdings as Executive Vice President, Marketing, effective October 3, 2011. Most recently, Holbrook served as Chief Executive Officer of EMAK Worldwide, a family of marketing agencies including Upshot, Equity Marketing and Neighbor. Previously, Holbrook served in a variety of marketing positions at Ralston Purina Company (now Nestle Purina) where he launched the Purina O.N.E. line of products and led the Purina/Wal-Mart sales team, growing revenues from $30 million to $300 million in three years. The company intends to announce the remaining Post executive management team, including Chief Financial Officer and Chief Operating Officer, by the end of the year.