In the wake of a number of recent acquisitions, Post Holdings Inc. unveiled a reorganization of its businesses and several management changes, which took effect Nov. 1.
William Stiritz, who has been chairman and CEO since Post separated from Ralcorp Holdings Inc. in 2012, gets the new role of executive chairman. As a result, his employment agreement was extended to October 2017.
Robert Vitale, who has been chief financial officer since the spinoff, was named president/CEO and was named to Post's board of directors. Terence Block, currently president and chief operating officer, will retire.
Post also is reorganizing around three groups. Its 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 Holbrook has been named president/CEO of that unit. He's been Post's executive vice president of marketing since October 2011 and president of Post Foods since January.
The Michael Foods Group is comprised of the former Michael Foods' egg, cheese and potato businesses, which Post acquired in June, and Dakota Growers Pasta Co., acquired in January. James Dwyer Jr., who has led Michael Foods since 2009, will be president/CEO.
Holbrook and Dwyer also have 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.
Also, Jeff Zadoks, who was a senior vice president and chief accounting officer, becomes chief financial officer.
