retail news in context, analysis with attitude

Crain’s Chicago Business reports that Sara Lee CEO Brenda Barnes has gone on a temporary medical leave.

CFO Marcel Smits will serve as interim CEO until Barnes returns. There is no indication when she might return, though the public company must provide investors with timely updates.

“We wish Brenda a speedy recovery and look forward to her return,” board member James Crown said in a statement. “Out of respect for Brenda’s privacy, we will not be commenting further.”
KC's View: