News Flash

Sara Lee appoints E Lee Wyatt Jr as new CFO

24 Aug '05

2 min read

Global manufacturer and marketer of brand-name products, Sara Lee Corporation of Americas/Asia announced the appointment of E. Lee Wyatt Jr. to the new position of Chief Financial Officer, effective Sept. 6, 2005.

In February 2005, Sara Lee Corporation announced its intent to spin off its apparel operations. In assuming the CFO position, Wyatt, 52, will be responsible for many of the new roles that Sara Lee Branded Apparel Americas/Asia will be required to have as an independent, publicly held company. He will report to Lee Chaden, Chief Executive Officer.

"They are extremely pleased to have a leader of Lee's caliber join their team," Chaden said. "He brings tremendous experience in managing finance, treasury, tax and strategic planning functions as well as legal, human resources and IT functions. The depth and breadth of his background, including senior positions in two publicly held companies, will be of great value to us as they establish functions to become independent in 2006."

With 30 years of financial experience, Wyatt joins Sara Lee Branded Apparel from Sonic Automotive Inc, in Charlotte, N.C., where he was Executive Vice President, Chief Financial Officer and treasurer of that publicly traded Fortune 300 Company. Previously, he had served as Vice President of Administration and Chief Financial Officer of Sealy Corporation and Senior Vice President of Finance and Administration at Brown Shoe Company. He also spent seven years at DeloitteHaskins & Sells, initially as an auditor and later in tax planning.

More Sara Lee Corporation News... More Apparel/Garments News - United States Of America...