FRESH BRANDS CEO EXITS AFTER EARNINGS REVISION

SHEBOYGAN, Wis. -- Fresh Brands here said last week the departure of Elwood Winn, its chief executive officer since 2000 and acting chief financial officer since September, was the result of its board's dissatisfaction with the company's recent performance.Winn's exit came on the first business day following the company's announcement that it would have to increase its reserve for uncollectible franchisee

SHEBOYGAN, Wis. -- Fresh Brands here said last week the departure of Elwood Winn, its chief executive officer since 2000 and acting chief financial officer since September, was the result of its board's dissatisfaction with the company's recent performance.

Winn's exit came on the first business day following the company's announcement that it would have to increase its reserve for uncollectible franchisee receivables 66.7% to $550,000.

The move forced the company to revise do

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