In an announcement coinciding with the news that Kraft Foods will be spun off from Altria on 30 March, the world’s second-largest food group revealed that Altria boss Louis Camilleri will step down as chairman and his responsibilities will be assumed by Kraft CEO Irene Rosenfeld.
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Camilleri will continue to serve on Kraft’s board of directors.
Dinyar Devitre and Charles Wall will leave the board and a lead director will be appointed from among the board’s independent directors.
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By GlobalData
