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Shake-up at Kraft

This article was originally published in Foodnews

US FOOD giant, Kraft Foods, has named its chief executive, Irene Rosenfeld, as chairman and chief executive of its global snacks company, with USD31.0 billion in estimated revenue and a significant presence in numerous fast-growing, international markets. Anthony Vernon, currently executive vice president and president of Kraft Foods North America, will become chief executive of the USD17 billion North American grocery company, while John Cahill, currently an industrial partner of private equity firm Ripplewood Holdings LLC, will become non-executive chairman of the North American grocery company.

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