The news has come down that Sara Lee CEO Brenda Barnes will step down permanently from her position as chairman and chief executive officer.
Barnes had been on temporary medical leave since May 14 after suffering a stroke. The company says the 56-year-old is leaving the post to continue focusing on improving her health.
Barnes is the second CEO of Sara Lee since Mississippi native John Bryan retired in 2001.
While economic conditions haven’t been the best in the last couple of years, it is worth noting the Sara Lee stock has dropped nearly 30 percent in the decade since it was announced that Bryan was going to retire
Barnes is leaving her position on Sara Lee Corp.’s board of directors. Marcel Smits, who has been handling the CEO duties in her place will continue to do so until a new CEO is named.