Ralcorp Holdings, a producer of Post branded cereals and a variety of private-brand foods, announced that Corporate Vice President and Chief Accounting Officer, Thomas Granneman, will be retiring from the company, effective Dec. 31.

Effective upon Granneman's retirement, Ralcorp's board of directors has elected Scott Monette to the newly-created position of corporate vice president and chief financial officer.

In this capacity, Monette will assume all of Granneman's responsibilities in addition to his current responsibilities as corporate vice president, treasurer and corporate development officer. Prior to joining Ralcorp in 2001, Monette served as chief investment officer of benefit plans with Hallmark Cards.