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Sara Lee Corp. Names Boards Of Directors For Independent Businesses Following Spin-off

Stocks in this article: SLE

Maria Mercedes (Mercy) M. Corrales, 62, former President, Starbucks Coffee Asia Pacific, and representative director and chief executive officer, Starbucks Coffee Japan. Corrales has led teams for Starbucks in Asia and also held a number of senior leadership positions in Asia and South America with Levi Strauss & Co. in her 32-year career with the company. Corrales is a non-executive director of Fraser and Neave, Limited and Huhtamaki OYJ. Additionally, Ms. Corrales has served on the board of directors of Starbucks joint venture companies in South Korea, Hongkong and Malaysia.

As previously announced, Michiel Herkemij, chief executive officer, D.E MASTER BLENDERS 1753. He joined Sara Lee from Heineken N.V., one of the world’s leading beer companies. There he most recently served as president and chief executive officer of Cuauhtémoc Moctezuma, Mexico.

Andrea Illy, 47, who is chairman and chief executive officer of illycaffè SpA. Illy also serves on the board of directors of Gruppo Illy SpA, positions he has held since 2007. He has also held management positions with Ilko Coffee International (chairman) and Fondazione Altagamma (vice chairman). Additionally, he has served on the board of directors of the Association Scientifique Internationale pour le Cafè, Illycaffè Shanghai Co. Ltd., and illy caffè North America, Inc.

Sandra Taylor, 61, who is president and chief executive officer of Sustainable Business International LLC, a consulting firm she founded that specializes in social responsibility for global businesses. Prior to this, she served as senior vice president, Corporate Social Responsibility of Starbucks Corporation. Taylor has also held management positions with Eastman Kodak Company, ICI Americas and the European Community Chamber of Commerce, U.S.

“Mercy Corrales, Andrea Illy and Sandra Taylor bring a wealth of experience in key areas for D.E MASTER BLENDERS 1753,” added Bennink. “Mercy is a true international executive, with deep coffee experience and Michiel is providing DEMB with solid leadership and beverage marketing expertise. Andrea is well-known throughout the world for his coffee expertise, successfully building and expanding the Illy brand worldwide and Sandra brings sustainability and corporate social responsibility skills to our board. I look forward to welcoming these new members to an already distinguished board of directors.”

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