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Well, technically he wasn’t “fired,” but John Bryant will step down as CEO after seven years at Kellogg (-0.36%). The cereal company has struggled (stock is down 19% over the past year) to adapt to a changing food industry in which acai bowls are replacing Frosted Flakes and Pop-Tarts, two of Kellogg’s mainstays.

Steven Cahillane, chief exec of wellness company Nature’s Bounty, will need to add some more nutritional value to Kellogg’s trail mix when he takes over.

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