Becomes first non-U.S. executive to receive honor from the Chicago Executives' Club.

Succession originally had been expected June 1

Notes promotional activity tends to be driven by customers and consumers.

Two companies now selling cake products under Sara Lee brand.

Sales climb 2% in quarter.

Don Roberto Servitje Sendra started working for Grupo Bimbo S.A.B. de C.V. in 1945.

Addition of Beefsteak adds to rye bread portfolio that also includes Oroweat, Arnold and Levy's.

A majority of the snack cake business goes for $410 million while a majority of the bread business goes for $360 million.

U.S. Attorney seeks change in language in sales documents as it relates to environmental law.

Fred Penny began career in finance role