Aurora pares its corporate staff by 25%
Oct 1, 2003 12:00 PM
Aurora Foods Inc, a St Louis MO-based producer and marketer of frozen food brands, has reduced its corporate staff by 25%. This development comes after recent organizational enhancements, including the executive promotions of Eric Brenk and Michael J Hojnacki as co-presidents and co-chief operating officers and the simplification of Aurora's sales organization into three divisions.
“Our objective is to be a leaner, stronger, and more profitable company,” said Dale F Morrison, chairman and chief executive officer. “We continue to make progress on several fronts to transform Aurora into a more competitive, productive and efficient organization.”
The staff reductions announced April 3 are expected to result in annual savings of more than $10 million. Aurora will take a pre-tax charge over future quarters of about $8 million for costs associated with these changes.
