Kraft’s board of directors has approved a US$5bn share repurchase programme.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The scheme will become effective immediately following the distribution of approximately 89% of Kraft shares by Altria on 30 March.
“This programme will give us the capacity to repurchase a significant amount of stock over the next two years,” CEO Irene Rosenfeld said. “And it will help to support shareholder returns until we fully achieve our growth targets.”
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
