NORTHFIELD, Ill.—In August of this year, Kraft Foods, Inc. announced it would be splitting into two independent public companies by the end of 2012: A global snacks business, and a North American grocery business. Now, Kraft is announcing who will be leading those future companies.
Irene B. Rosenfeld, 58, currently Chairman and CEO of Kraft Foods, will be Chairman and CEO of the global snacks company.
W. Anthony (Tony) Vernon, 55, currently Executive Vice President and President, Kraft Foods North America, will become Chief Executive Officer of the North American grocery company.
John T. Cahill, 54, currently an Industrial Partner of private equity firm Ripplewood Holdings LLC, will become Non-Executive Chairman of the North American grocery company. Initially, he will serve as Executive Chairman as he works to launch and transition to a public company.
“Irene, John and Tony are three of the finest executives in business today," said Mark Ketchum, Lead Director, Kraft Foods Inc. Board of Directors. “Their commitment to shareholder value, passion for brands and focus on sound financial management give the Board great confidence in the future of the snacks and grocery companies."
Click here to see detailed bios of the executives.
