Ralcorp Holdings announces Terence E. Block as president, COO of Post Holdings, effective Jan. 1

ST. LOUIS , November 11, 2011 (press release) – Ralcorp Holdings, Inc. (NYSE: RAH - News) today announced that in conjunction with the previously announced separation of Ralcorp and the Post cereal business, Terence E. ("Terry") Block will serve as President and Chief Operating Officer of Post Holdings, Inc., effective January 1, 2012 . Mr. Block will also join the Board of Directors of Post Holdings following completion of the separation.

During his long and distinguished career, including 34 years at Purina, Mr. Block has acquired substantial operating and marketing experience in branded foods and consumer products. As President and Chief Operating Officer, Mr. Block will oversee the implementation of Post Holdings' strategic plan of growing its most important brands, improving innovation, extending Post's valuable portfolio of brands into adjacent categories and continuing to grow Post's presence among Hispanic consumers.

"I am pleased that Terry is joining the Post Holdings management team and Board," said William P. Stiritz , Chairman of Ralcorp. "Terry's extensive operating and marketing experience will greatly benefit Post Holdings as we embark on an independent course for the company. I am confident that as COO, Terry will help drive the innovation, brand extension and growth initiatives that will be key to Post Holdings' future success. I also look forward to the insight and expertise Terry will bring to his role on the Board as we seek to create value for our shareholders."

Mr. Block currently serves as President of Nestle Purina's North American pet food business. Previously, he was Chief Operating Officer, North American Pet Foods for Ralston Purina Company. Prior to his role as Chief Operating Officer, Mr. Block served as Executive Vice President, Ralston Purina Pet Products and Vice President of Marketing, Dog Food. Mr. Block joined the marketing group of the former Ralston Purina Company in 1977 as Assistant Product Manager and subsequently held a number of increasingly important marketing positions, including Product Manager and Group Director. Prior to joining Ralston Purina Company, Mr. Block worked at Procter & Gamble and Pet Incorporated. Mr. Block has served on the Board of the Pet Food Institute (Chairman from 2006- 2009). He was voted by Advertising Age as one of the Top 100 Advertising People in 1991 and was honored in 2010 as a distinguished alumnus of the Olin School of Business at Washington University in St. Louis . Mr. Block earned his undergraduate degree from Earlham College and his M.B.A. from Washington University .

About Ralcorp Holdings, Inc.

Ralcorp produces Post branded cereals, a variety of private-brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers. Ralcorp's diversified product mix includes: ready-to-eat and hot cereals; nutritional and cereal bars; snack mixes, corn-based chips and extruded corn snack products; crackers and cookies; snack nuts; chocolate candy; salad dressings; mayonnaise; peanut butter; jams and jellies; syrups; sauces; frozen griddle products including pancakes, waffles, and French toast; frozen biscuits and other frozen pre-baked products such as breads and muffins; frozen and refrigerated doughs; and dry pasta. For more information about Ralcorp, visit the Company's website at www.ralcorp.com.

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