Sugar processor Imperial Sugar has announced today downsizing of its corporate headquarters’ staff resulting from changes in its operating activities attributable to the recent sale of its Holly Sugar subsidiary.
This action, along with reductions accomplished through attrition over the last several months, results in the elimination of approximately 40 positions or 20% of the corporate headquarters’ staff, the company said.
Among those individuals who will be leaving the company are Paul Durlacher, currently executive vice president and chief operating officer, and Art Saxby, vice president – marketing. In addition, the company announced that Paul Baris, currently director – supply chain logistics, has been appointed a vice president, responsible for the company’s production planning, transportation and warehousing operations.
“I want to thank all of the associates who will be leaving the company for their dedicated service and accomplishments and wish them the best of success in their future endeavours,” said Robert A Peiser, Imperial’s president and CEO. “ It is an unfortunate part of any company’s life cycle that requires an adjustment in the size of its corporate staff to reflect the economic realities that result from changes in its business structure, but that is certainly the case with Imperial.”