NORTHFIELD, Ill. -- Kraft Foods Inc. has announced a new executive team that will sharpen the company's focus on innovation, marketing and growth.
"Our new team will build a Kraft that is bolder, more agile, more creative and more focused," said Irene Rosenfeld, CEO of Kraft Foods. "We're putting more day-to-day decision-making in the hands of our North American sectors and international regions - the people closest to our consumers, customers and markets. And, we will focus more intensely on consumers' evolving food and beverage needs to take full advantage of our broad product portfolio and to accelerate growth."
Kraft is taking a number of actions to support these objectives:
Continuing in their current roles are: Jim Dollive, EVP & Chief Financial Officer; Karen May, EVP, Global Human Resources; Jean Spence, EVP, Global Technology & Quality; and Franz-Josef Vogelsang, EVP, Global Supply Chain.
The nine members of Kraft's executive team report to Rosenfeld, who was named CEO in June 2006. These management changes are effective immediately.
"Our new management team will tap into the potential of our people to make the changes necessary to support our quest for faster growth," Rosenfeld said.
Kraft North America Commercial comprises five consumer sectors -- Beverages, Cheese & Dairy, Convenient Meals, Grocery, and Snacks & Cereals -- and North America Foodservice. Kraft International Commercial includes four geographic regions: Asia Pacific; Eastern Europe, Middle East & Africa; European Union; and Latin America.
Kraft Foods is the world's second-largest food and beverage company.
SOURCE: Kraft Foods Inc. via Business Wire.