Kraft Foods Announces Management Changes.NORTHFIELD, Ill. -- Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for 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 branded foods and beverages, announced today that Betsy Holden Betsy Holden is a corporate director of Tribune Company and former CEO of Kraft Foods. She received her A.B. from Duke University, and an M.Ed and an MBA from Northwestern University. She was born in 1956 in Pittsburgh. , President, Global Marketing & Category Development, has decided to leave the company and resign her position on the company's Board of Directors, effective June 30. Roger Deromedi, Chief Executive Officer of Kraft Foods, said, "Betsy's marketing talents and leadership abilities have benefited Kraft throughout her 23-year career. We thank Betsy for her many contributions, including her recent leadership in establishing the Global Marketing & Category Development group within our global organization and in guiding our Health & Wellness initiatives. We wish her all the best in her future endeavors." Holden has decided to take a 9-12 month sabbatical to spend time with her teenage children, and then plans to resume her career elsewhere. After Holden's departure, Paula Sneed, 57, formerly Senior Vice President, Marketing Resources, will become Executive Vice President, Global Marketing Resources & Initiatives. Sneed and her team will continue to provide worldwide leadership and oversight of Marketing Resources functions including Media, Advertising, Digital Marketing, Kitchens, and Consumer Relations. She has been with the company for 28 years and has held numerous assignments in brand and business management, including leadership of the company's Foodservice and Desserts divisions in the U.S. John Baxter, 45, formerly Senior Vice President, Global Snacks, will become Executive Vice President, Global Category Development. In his new role, Baxter and his team will have responsibility for Kraft's global consumer sectors, along with Kraft's initiative to transform its portfolio in line with consumers' increasing focus on health and wellness. Baxter has been with Kraft for 16 years and during this time, has had a wide range of management experiences within Kraft's international and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. businesses, including leadership of the R&D facility in Munich, Germany and responsibility for the Kraft Foods International Research and Development function. Baxter and Sneed will report to Deromedi and become members of the company's executive team. Kraft Foods markets many of the world's leading food brands, including Kraft cheese, Maxwell House Maxwell House is a brand of coffee manufactured by a like-named division of Kraft Foods. It is named in honor of the Maxwell House Hotel in Nashville, Tennessee. For many years until the late 1980s it was the largest-selling coffee in the U.S. and is currently (ca. and Jacobs coffees, Nabisco cookies and crackers, Philadelphia cream cheese, Oscar Mayer Oscar Mayer is an American meat and cold cut production company, now owned by Kraft Foods, known for its hot dogs, bologna, bacon and Lunchables products. German immigrant Oscar Ferdinand Mayer meats, Post cereals Post Cereals, formerly Postum Cereals was founded by C. W. Post. It began in 1895 with the first Postum, a "cereal beverage", developed by Post in Battle Creek, Michigan. The first cereal, Grape-Nuts, was developed in 1897. and Milka chocolates, in more than 150 countries. For more information on Kraft Foods, please visit our website at www.kraft.com |
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