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 PepsiCo’s nutritional products portfolio with the aim of growing it into a $30 billion business by 2020. However, she has been critised for losing ground to arch rival Coca-Cola in the North American soft drinks market.
Patricia Woertz, chairman, chief executive and president of Archer Daniels Midland is third in the listing. Denise Morrison, the new president and chief executive of Campbell Soup, is ranked 21st.
