Kraft Foods director Mary Schapiro stepped down from her position at the US food giant yesterday (15 January), the company revealed in a filing with the US Securities and Exchange Commission.

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Schapiro, president elect-Barack Obama’s nominee to head the SEC, tendered her resignation on Monday, the filing revealed.


The company emphasised that Schapiro’s departure was not due to a disagreement with the company, its operations, policies or practices.


Schapiro had been a director at Kraft since July 2001 and served as chair of the group’s board’s nominating and governance committee and a member of its audit committee.


Schapiro is also chief executive and chairwoman of the Financial Industry Regulatory Authority and served as an SEC commissioner between 1988 and 1994.

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