Ajay Banga Elected to Kraft Foods Board of Directors.NORTHFIELD, Ill. -- Kraft Foods Inc. (NYSE NYSE See: New York Stock Exchange : KFT KFT Korlátolt Felelõsségû Társaság (Hungarian: limited liability corporation) KFT Kraft Foods International (stock symbol) KFT Kilo-Feet KFT Kung Fu Tzu (Confucius) ), a global leader in food and beverages, today announced the election of Ajay Banga to its Board of Directors. With the addition of Mr. Banga, the company's Board increases from nine Directors to 10, six of whom are not employees of either Kraft or Altria Group, Inc. Mr. Banga, 47, is Chairman and Chief Executive Officer of Citigroup's Global Consumer Group International businesses, a position he has held since August 2005. He previously served as an Executive Vice President of Citigroup's Global Consumer Group and President of Citigroup's Retail Banking North America. Since joining Citigroup in 1996, Mr. Banga also has worked as business head for CitiFinancial and the U.S. Consumer Assets Division, and as division executive for the consumer bank in Central/Eastern Europe, Middle East, Africa and India. Mr. Banga began his business career as a management trainee with Nestle in 1981. He spent the next 13 years in a variety of assignments spanning sales, marketing and general management. He later joined PepsiCo in its Restaurants Division and was instrumental in the launch of Pizza Hut and KFC KFC Kentucky Fried Chicken (restaurant chain) KFC Kenya Flower Council KFC Kitchen Fresh Chicken (Kentucky Fried Chicken motto) KFC Kung Fu Cult (Cinema) KFC Kitchen Fixed Charge in India. "I am very pleased to welcome Ajay Banga to our Board of Directors," said Kraft Chairman Louis C. Camilleri Louis C. Camilleri (b. 1955, Alexandria, Egypt) is the Chairman and CEO of Altria Group, the parent company of Philip Morris. Camilleri received a degree in economics and business administration from HEC Lausanne, the prestigious business school of the University of Lausanne . "His expertise in global business and the consumer packaged goods industry will be of significant value to Kraft as we work to accelerate our growth." Mr. Banga is an alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. of the Indian Institute of Management in Ahmedabad, India. He is a member of the Financial Services Roundtable and the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the National Urban League, and a vice-chairman of the board of trustees of the New York Hall of Science The New York Hall of Science occupies one of the few remaining structures of the 1964 New York World's Fair in Flushing Meadow-Corona Park in the borough of Queens in New York City (USA). Today, it stands as New York City's only hands-on science and technology center. . About Kraft Foods Kraft Foods (NYSE:KFT) is one of the world's largest food and beverage companies. For more than 100 years, we've offered consumers delicious and wholesome foods that fit the way they live. Millions of times a day, in more than 150 countries, consumers reach for their favorite Kraft brands. Whether it's breakfast, lunch, dinner or a snack, consumers at home and on the go choose: Kraft cheeses, dinners and dressings; Oscar Mayer meats, DiGiorno pizzas, Oreo cookies, Ritz crackers and chips, Philadelphia cream cheese, Milka and Cote d'Or chocolates, Planters nuts, Honey Bunches of Oats Honey Bunches of Oats is a cold cereal introduced in 1989 by Post Cereals, a subdivision of Kraft Foods. The cereal is made up of three kinds of flakes and crunchy oat clusters baked with a touch of honey. It is also a good source of whole grain. cereals, Jacobs, Gevalia and Maxwell House coffees; Capri Sun, Crystal Light and Tang refreshment beverages; and a growing range of South Beach Diet and better-for-you Sensible Solution options. |
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