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•  Baldor Specialty Foods announced that its longtime president, Michael Muzyk, will step down at the end of the year.

The company reportedly will not name a successor in the role, but rather is building out the c-suite with people who can absorb elements of his leadership portfolio.

•  Drug store chain Rite Aid announced that it has hired Thomas Sabatino, most recently the executive vice president and general counsel at Tenneco, Inc., to be its new executive vice president and chief legal officer.