Kraft Foods Group has announced a series of management changes, as recently-appointed chairman and CEO John Cahill makes his mark at the US company.
CFO Teri-List Stoll is to leave the Oscar Mayer meats maker, while Cahill has created two new roles – COO and a combined position of executive vice president of growth initiatives and president of international.
George Zoghbi, vice chairman for operations, R&D, sales and strategy at Kraft, has been named COO.
Cahill said: “George has led some of the most critical areas of our business and has a proven track record of strong execution and delivering growth.”
Chris Kempczinski, the head of Kraft’s business in Canada, will add the roles of executive vice president of growth initiatives and president of international.
Cahill added: “During his time with Kraft Canada, Chris has led the business unit through transformative change, with a keen focus on execution and innovation. His expertise will be invaluable as we continue to build a stronger Kraft.”
List-Stoll will leave the business on 28 February and the finance function will report to Cahill until a replacement is announced. “I thank Teri for her efforts overseeing Kraft’s financial operations and strong financial team, which are instrumental to the company’s success.”
Kraft also announced chief marketing officer Deanie Elsner will leave on the same date. Jane Hilk, president of Kraft’s enhancers and snack nuts, has been appointed interim CMO. “A senior marketing executive will be named in due course to continue developing and enhancing Kraft’s marketing capabilities and will report to Mr. Zoghbi,” Kraft said.
The company appointed Cahill, already its chairman, to the position of CEO in December.