Ralcorp Still Posting Post Spin At End Of January, Announces New Boards Of Directors

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We’ve previously discussed Ralcorp’s(RAH) plans to spin off Post Cereal(POST) here, here and when it was

Ralcorp

announced in July.  The company issued a press release yesterday, reiterating that it is on track for completion at the end of January, and announcing the Boards of Directors for each company. Brief biographies as provided by Ralcorp:

The following are brief biographies of those individuals who will serve on the Board of Directors of Ralcorp Holdings, Inc.:

  • J. Patrick Mulcahy is currently Vice Chairman of the Board of Directors of Ralcorp Holdings, Inc. He has served as Chairman of the Board of Directors of Energizer Holdings since January 2007 and previously served as Vice Chairman of that company from 2003 to 2007. Upon completion of the separation of Ralcorp and Post, Mr. Mulcahy will become Chairman of the Board of Directors of Ralcorp Holdings, Inc.
  • Benjamin Ola. Akande, Ph.D., is a professor of Economics and Dean of the George Herbert Walker School of Business and Technology at Webster University in St. Louis, Missouri.
  • Bill G. Armstrong is a private equity investor and serves on the Board of Directors of Energizer Holdings, Inc. Mr. Armstrong previously served as Executive Vice President and Chief Operating Officer for Cargill Animal Nutrition. Prior to that, he served as Chief Operating Officer of Agribrands International, Inc.
  • Jonathan E. Baum is Chief Executive Officer and Chairman of George K. Baum & Company, an investment banking firm in Kansas City, Missouri.
  • Barry H. Beracha is a private equity investor and serves on the Board of Directors of Hertz Global Holdings, Inc.  Mr. Beracha previously served as Executive Vice President of Sara Lee Corp., Chief Executive Officer of the Sara Lee Bakery Group, and as Chairman and Chief Executive Officer of The Earthgrains Company, which was spun off from Anheuser-Busch Companies, Inc.
  • Kevin J. Hunt was appointed Chief Executive Officer and President of Ralcorp Holdings, Inc., effective January 1, 2012.  Mr. Hunt previously served as Co-Chief Executive Officer and President of Ralcorp from September 2003 to December 2011.
  • David W. Kemper is Chairman, President and Chief Executive Officer of the bank holding company, Commerce Bancshares, Inc.  Mr. Kemper is also a director of Tower Properties Company.
  • Patrick J. Moore is President and Chief Executive Officer of PJM Advisors, LLC, an investment and advisory firm in Clayton, Missouri.  He recently served as Chief Executive Officer of Smurfit-Stone Container Corporation.  Mr. Moore is a director of ITT Exelis Corp. and of Archer Daniels Midland Company.
  • David R. Wenzel has served as Director, Revenue and International of Edward Jones since September 2009 and previously served as Vice President, Global Finance of Covidien Imaging Solutions.

The following are brief biographies of those individuals who will serve on the Board of Directors of Post Holdings, Inc.:

  • William P. Stiritz is a private equity investor and has served as Chairman of the Board of Directors of Ralcorp Holdings, Inc. since 1994.  He previously served as Chairman and Chief Executive Officer of Ralston Purina Company.  Mr. Stiritz will retire from Ralcorp’s Board of Directors upon completion of the separation of Ralcorp and Post.
  • David R. Banks is a private equity investor and has served on the Board of Directors of Ralcorp Holdings, Inc. since 2001.  He previously served as Chairman and Chief Executive Officer of Beverly Enterprises, Inc., an operator of nursing facilities and rehabilitation clinics, and as a director of Nationwide Health Properties.  Mr. Banks will retire from Ralcorp’s Board of Directors upon completion of the separation of Ralcorp and Post.
  • Terence E. Block is President and Chief Operating Officer of Post Holdings, Inc. He served as President of Nestle Purina’s North American pet food business and prior to that, he served as Chief Operating Officer, North American Pet Foods for Ralston Purina Company.
  • Jay W. Brown is a retired senior executive with a long general management career in large consumer-oriented businesses.  He served as Partner at Westgate Equity Partners and prior to that, Mr. Brown served as Chief Executive Officer of Protein Technology International, Continental Baking Company and of Van Camp Seafood Company.  Mr. Brown is a former director of Jack in the Box and of Agribrands International.
  • Edwin H. Callison has been Senior Vice President of Wirtz Beverage Group since 2008 and previously served as President and General Manager for Judge & Dolph’s Spectrum division. Prior to that, he spent more than 20 years in various leadership positions at Callison Distributing in Belleville, Illinois. Mr. Callison serves on the Boards of Directors of Wine and Spirits Wholesalers of America and Wine and Spirits Distributors of Illinois.
  • Gregory L. Curl is President and Head, Latin America with the investment company, Temasek Holdings.  During his banking career spanning more than 30 years, Mr. Curl previously served in a number of senior executive roles including Vice Chairman of Corporate Development and Chief Risk Officer at Bank of America.
  • Dr. William H. Danforth is a trustee and Chancellor Emeritus of Washington University in St. Louis, Missouri.  He served as Chancellor of the university from 1971 until his retirement in 1995.  Dr. Danforth served as a director of Ralcorp Holdings, Inc. from 1994 to 1999 and of Ralston Purina Company from 1969 until 2001, when Nestle S.A. acquired the company.
  • Robert E. Grote is a private equity investor and served as General Counsel and Vice President, Administration for Washington Steel Corporation.
  • David P. Skarie served as Co-Chief Executive Officer and President of Ralcorp Holdings, Inc. from September 2003 until his retirement in December 2011.  He has also served on the Board of Directors of Ralcorp Holdings, Inc. since 2003.  Mr. Skarie will retire from Ralcorp’s Board of Directors upon completion of the separation of Ralcorp and Post.

Disclosure: The author holds no position in any stock mentioned

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