{"id":16321,"date":"2011-12-05T15:22:00","date_gmt":"2011-12-05T15:22:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/kraft-foods-announces-new-heads\/16321\/"},"modified":"2011-12-05T15:22:00","modified_gmt":"2011-12-05T15:22:00","slug":"kraft-foods-announces-new-heads","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/kraft-foods-announces-new-heads\/16321\/","title":{"rendered":"Kraft Foods Announces New Heads"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><br \/>\n<!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><br \/>\n<!--\/mfunc--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-5453\" title=\"Kraft Foods Inc\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2011\/02\/72-150x121.jpg\" alt=\"Kraft Foods Inc\" width=\"150\" height=\"121\">Kraft Foods (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=KFT\">NYSE:KFT<\/a>) on Monday announced top executives who will head the two parts of the company after the split.<\/p>\n<p><span id=\"more-16321\"><\/span>Irene B. Rosenfeld, the current Chief Executive Officer and Chairman of the global Kraft unit, will hold the position of the CEO of the global snack company. W. Anthony Vernon, the current Executive Vice President will head the North American grocery business.<\/p>\n<p>The announcements came as little surprise to analysts and shareholders, who were hoping that these two be named as the heads of the yet unnamed companies.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Rosenfeld led snack unit will handle products such as Oreo cookies, Cadbury chocolates and Trident gum. Vernon led grocery business will lead the Maxwell House coffee and the Kraft Cheese units. Rosenfeld had led the North American division of PepsiCo. Inc.\u2019s Frito Lay unit.<\/p>\n<p>Other major announcement made on Monday was the appointment of John T. Cahill as the non-executive chairman of the unnamed North American grocery unit. Cahill is an industrial partner of Ripplewood Holding LLC, a private equity firm. He will be an industrial partner on Kraft\u2019s board. He will begin as an executive chairman, in order to assist the company\u2019s split up and also help in setting up of the independent grocery unit as a completely independent trading company.<\/p>\n<p>Cahill has in the past served as the CEO and the Chairman of Pepsi Bottling Group Inc., and also oversaw the spinoff of PepsiCo Inc. in the year 1999. It is hoped that the experience gained from this will help in setting up of Kraft\u2019s independent grocery unit. Cahill has also previously been a colleague of both Vernon and Rosenfeld.<\/p>\n<p>Rosenfeld has held the position of Kraft\u2019s CEO since 2006 and has also been credited with integrating into Kraft Nabisco, leading the company from its split of Altria Group Inc. and also acquiring Cadbury candy and Lu Biscuits.<\/p>\n<p>Kraft announced its plans to split into two units in August this year, which will separate the company\u2019s slow growth grocery businesses and it rapidly growing snacks businesses. The two companies are projected to complete formation by 2012. The shares of Kraft were high by 3 cents on the New York Stock Exchange, shortly after announcement of the appointment.<\/p>\n<p>Kraft is betting highly on developing markets such as India and Brazil and believes that this is where growth will come from. Growth so far has been exceptional from these markets.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/autozone%e2%80%99s-q1-profit-rises-11-azo\/16429\"><br \/>\nAutoZone\u2019s Q1 Profit Rises 11% (AZO)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/darden-shares-tumble-after-company-lowers-2012-outlook-dri\/16428\"><br \/>\nDarden Shares Tumble after Company Lowers 2012 Outlook (DRI)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-finish-on-a-mixed-note-3\/16426\"><br \/>\nStocks Finish on a Mixed Note<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-slip-on-euro-zone-downgrade-risk\/16425\"><br \/>\nGold Prices Slip on Euro Zone Downgrade Risk<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-rebound-sharply-in-late-trading-headed-for-a-higher-finish\/16424\"><br \/>\nStocks Rebound Sharply in Late Trading; Headed for a Higher Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/apple-book-publishers-investigated-by-eu-over-ebook-pricing-issue\/16423\"><br \/>\nApple, Book Publishers Investigated By EU Over eBook Pricing Issue<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/boa-agrees-to-pay-315-million-to-settle-mortgage-case\/16422\"><br \/>\nBoA Agrees to Pay $315 Million to Settle Mortgage Case<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kraft Foods (NYSE:KFT) on Monday announced top executives who will head the two parts of the company after the split. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[3],"tags":[505],"class_list":["post-16321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-kft"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/16321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=16321"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/16321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=16321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=16321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=16321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}