SWITZ: Kraft sees two more Cadbury executives leave
Two more senior Cadbury executives have left the business in the wake of the confectioner's takeover by Kraft Foods.
Ignacio Ricou, president of Kraft's European gum and candy operations and Tamara Minick-Scokalo, president of the chocolate unit on the continent, have decided to quit "for family reasons", Kraft said.
"Each of these decisions is distinct to the individual and, though disappointing to us, we are grateful to both Ignasi and Tamara for their commitment, passion and leadership which they have brought to our businesses," the US food giant said.
Kraft has promoted internally to replace Ricou and Minick-Scokalo. Maurizio Brusadelli will succeed Ricou as head of the company's gum and candy unit, while Patrick Satamian will fill Minick-Scokalo's role leading the European chocolate business.
Since Kraft acquired Cadbury for GBP11.5bn (US$18.21bn) in February, other notable departures have included Phil Rumbol, head of marketing in the UK and Ireland, and Mark Reckitt, who was chief strategy officer in Cadbury.
just-food's BRICs and beyond column aims to highlight the risks - and rewards - of operating in the world's emerging markets. The interest in markets like Brazil and Russia remains intense and, due to...
Kraft Foods' recent move to launch its Oreo biscuit brand into India has drawn attention to what is a growing sector in the country. India's biscuit market is attracting growing multinational interest...
The president of Kraft Foods' French unit, Jean-Philippe Paré, has quit his post after less than a year in the job....
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Tyson to buy burger-to-entree firm AdvancePierre
- PepsiCo affirms full-year target as Q1 hits mark
- Icelandic to sell Saucy Fish Co. owner Seachill