Chairman of American Italian Pasta Board Resigns

1 decade 2 years 5 months ago Wednesday, April 05 2006 Apr 5, 2006 Wednesday, April 05, 2006 1:06:41 PM CDT April 05, 2006 in News
Horst Schroeder will remain a member of the board at the struggling pasta maker. His replacement as chairman is William Patterson, who has been a director since 1997. Schroeder came to American Italian Pasta from Kellogg, where his titles included president and chief operating officer. American Italian announced in August it was unable to issue a quarterly earnings report because of an internal investigation of accounting problems. The company also said it would record a $61 million third-quarter charge, and that security officials were looking at questionable stock activity by outside investors.

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