Irene Rosenfeld will stay on as chairman and CEO of Kraft Foods' global snacks company and Tony Vernon to serve as CEO of the North American grocery business when Kraft Foods splits later this year, the company announced Monday in a regulatory filing.
Kraft CFO David Brearton will continue as CFO of the snacks company, and Timothy Cofer will continue running European business. Sanjay Khosla will remain president of developing markets. Mark Clouse, previously head of the biscuits global category team, will take over the North American business.
Mary Beth West will continue as chief category and marketing officer, overseeing biscuits, chocolate, gum and candy in addition to marketing. She will also assume oversight of corporate affairs. The company is looking for an executive vice president of strategy for mergers and acquisitions.
In the North American grocery business to be headed by Vernon, and to be known as Kraft Foods, Timothy McLevish will serve as CFO. Previously CFO of Kraft Foods, McLevish has been overseeing the company's split.
Deanie Elsner will be president of beverages, Michael Osanloo will serve as president, grocery, Nicholas Meriggioli will serve as president, Oscar Mayer, George Zoghbi will be president of cheese and dairy, and Sam Rovit will serve was executive vice president of strategy, responsible for mergers, acquisitions and information systems.
Kraft Foods first announced in August that it planned to form two companies, a $16 billion North American grocery business and a $32 billion global snacks business. Rosenfeld said that both were expected to be based in the Chicago area.
The North American grocery business will include brands such as Kraft Macaroni & Cheese, Philadelphia Cream Cheese, Maxwell House coffee, and Oscar Mayer hot dogs and meats.
Kraft's global snacks business, which will include the company's European and international divisions, will own such brands as Oreo, Tang, Trident, Cadbury Dairy Milk and Jacobs Coffee.
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