Sara Lee North American CEO resigns
"We now believe that a different approach is needed to transition the North American business into a pure-play company," Jan Bennink, executive chairman of Sara Lee, said in a statement.
Currently Sara Lee Chief Executive Marcel Smits will run the North American business while a successor is sought for Fraleigh, and Fraleigh will be available to Smits during the transition, the company said.
(Reporting by Brad Dorfman, editing by Gerald E. McCormick)