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Tag "Irene Rosenfeld"

Kraft Foods Names New Board of Mondelez International

    Kraft Foods Names New Board of Mondelez International

Kraft Foods has announced the composition of the board of directors for its global snacks company, Mondelez International, which has will be separated from the North American grocery business in October 2012. Irene Rosenfeld (pictured), currently head of Kraft Foods, will be Chairman and CEO of Mondelez International. Other board members are:
* Stephen Bollenbach, 70, served […]

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Mondelez International is New Name For Kraft’s Global Snacks Business

    Mondelez International is New Name For Kraft’s Global Snacks Business

Kraft Foods’ high-growth global snacks business, which will be separated from its North American grocery business later in the year, will be called Modelez International. The North American grocery company will become Kraft Foods Group, retaining the Kraft brand for its corporate identity and as the brand for many of its consumer products. As a […]

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Irene Rosenfeld to Lead Kraft’s Global Snacks Company

    Irene Rosenfeld to Lead Kraft’s Global Snacks Company

In the next step toward dividing into two public companies, Kraft Foods has announced the appointments of the heads of the future global snacks and North American grocery businesses. Irene Rosenfeld (pictured), currently chairman and chief executive of Kraft Foods, will be chairman and chief executive of the global snacks company, which will have $31 […]

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Kraft Foods Chief is the Most Powerful Woman in Business

    Kraft Foods Chief is the Most Powerful Woman in Business

Irene Rosenfeld (pictured), chairman and chief executive of Kraft Foods, has overtaken Indra Nooyi, to top Fortune Magazine’s annual ranking of the ‘50 Most Powerful Women in Business’. In second position in 2010, Irene Rosenfeld made the headlines this year with her decision to split Kraft Foods into two companies.
 
Indra Nooyi has continued to develop […]

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Kraft Foods to Split into Two Businesses

    Kraft Foods to Split into Two Businesses

Kraft Foods intends to spin-off of its North American grocery business to shareholders. The move will create two independent public companies – a high-growth global snacks business with estimated revenue of about $32 billion and a high-margin North American grocery business with estimated revenue of approximately $16 billion. The target is to launch the new […]

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Cadbury Helps Kraft to Hit Sweet Spot

    Cadbury Helps Kraft to Hit Sweet Spot

Kraft Foods has just outlined its new global development strategy and expects to deliver organic revenue growth of 5% or more, margins in the mid- to high-teens and earnings per share (EPS) growth of 9% to 11%. Following its $18.4b acquisition of Cadbury earlier this year, Kraft Foods became the undisputed world leader in snacks, […]

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Cadbury Acquisition Drives Profit at Kraft Foods

    Cadbury Acquisition Drives Profit at Kraft Foods

The acquisition of Cadbury has helped Kraft Foods to report higher than expected second quarter profit despite a decline in its North American sales. Cadbury contributed 91% of the 25% rise in the US-based food and beverage giant’s net revenues to $12.3b during the quarter.
Kraft Foods’ operating income increased 16.8% to $1.70b, including a favourable […]

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Kraft Foods Sells Wedel Business in Poland

    Kraft Foods Sells Wedel Business in Poland

Kraft Foods is selling Cadbury’s E. Wedel-branded chocolate and sugar confectionery operations in Poland to Lotte Group for an undisclosed sum. The sale, which is subject to customary regulatory approvals, includes the E. Wedel business, its related brands and a manufacturing facility in Warsaw. Approximately 1,000 Cadbury Wedel employees will transfer to Lotte Group.
Kraft Foods […]

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