Post Says Robert Vitale To Succeed William Stiritz CEO

(RTTNews) - Post Holdings, Inc. (POST) said Thursday that William Stiritz, who has served as Chairman and Chief Executive Officer since Post separated from Ralcorp Holdings, Inc. in 2012, will continue with Post's executive team in the newly-created role of Executive Chairman.

In connection with the new role, Stiritz's employment agreement has been extended to October 2017.

The company named Robert Vitale President and Chief Executive Officer. Vitale has served as Post's Chief Financial Officer since its formation in October 2011. He has also been named to Post's Board of Directors.

Terence Block, currently President and Chief Operating Officer, has decided to retire from Post. Block will also retire from the company's Board of Directors.

The management changes will all be effective November 1.

Post also said it is reorganizing around three distinct groups. Post's newly formed Consumer Brands Group includes the legacy Post Foods cereal operations as well as the recently acquired active nutrition businesses of Premier Nutrition Corporation, Dymatize Enterprises and the PowerBar and Musashi brands. James Holbrook has been named President and CEO of the Consumer Brands Group.

The Michael Foods Group is now comprised of the Michael Foods' egg, cheese and potato businesses, which Post acquired in June, and Dakota Growers Pasta Co., acquired in January. It will be headed by James Dwyer, Jr. as President and CEO.

Holbrook and Dwyer have also 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.