Kraft Foods CFO James Dollive is to retire after 29 years at the US food giant, the company said today (29 August).
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Chairman and CEO Irene Rosenfeld thanked Dollive, 56, for his “financial expertise and exceptional standards of ethics and integrity”.
Rosenfeld said: “Over the course of Jim’s career, he has helped Kraft achieve many significant milestones, including our initial public offering in 2001 and our recent transition to a fully independent company. We deeply appreciate his many contributions and wish him the best in his well-earned retirement.”
Kraft has appointed an executive from US conglomerate Ingersoll-Rand Co. to replace Dollive. Timothy McLevish, 52, will join Kraft as executive vice president and CFO from October.
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By GlobalData
