Meegan to head Operations, Korby to lead Procurement, Integrated Supply Chain initiative

NORTHFIELD, Ill.–(BUSINESS WIRE)– Kraft Foods Inc. (NYSE: KFT – news), a global leader in branded foods and beverages, today named Frank Meegan, 53, Senior Vice President, Operations for Kraft Foods North America, and Alene M. Korby, 47, Senior Vice President Procurement and Integrated Supply Chain. Both executives will serve on the Kraft Foods North American Operating Committee and report to Irene Rosenfeld, Group Vice President, Kraft Foods North America, and President, Operations, Technology, Information Systems, Kraft Foods Canada, Mexico & Puerto Rico. Meegan succeeds Larry J. Gundrum, Senior Vice President, Operations for Kraft Foods North America, who has announced his decision to retire from the company after 35 years.

“Larry’s career with the company spans virtually every aspect of Operations, and leaves a legacy of achievement that we will remember for years to come,” said Rosenfeld. “While we will miss Larry’s many contributions, Frank brings solid leadership in manufacturing and supply chain disciplines to his new position. In addition, Alene’s strong track record in Procurement will be a valuable asset in developing an integrated supply chain strategy across Kraft Foods North America.”

Meegan, formerly Executive Vice President, Field Operations, will now be responsible for manufacturing, engineering, logistics, distribution, transportation and supply chain for Kraft Foods North America. During his 32-year career with Kraft he has held a number of field and headquarters manufacturing and supply chain positions. He also has worked in Marketing as a Category Manager. In 1989 he was named Vice President, Operations for Maxwell House. In 1996 he became Executive Vice President, Supply Chain and then in 1998, Area Vice President, Operations. He was named to his current position in 1999. Meegan has a B.S. degree in Chemical Engineering from Manhattan College.

Korby, currently Senior Vice President, Procurement, will now also lead the ongoing development of an integrated supply chain strategy across Kraft Foods North America. She oversees the purchasing of more than $12 billion in goods and services annually ranging from food ingredients and packaging to office supplies. She joined the company in 1981 as a Senior Research Scientist. In 1986 she became Project Manager, Strategy and in 1991 was named Director of Commercial Operations. She became Vice President, Manufacturing/Foodservice Co-packing in 1995 and was appointed Vice President, Purchasing in 1998. Korby has a B.A. in Biology from Lewis University and is a M.B.A. candidate in Business Administration at the University of Chicago.

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Kraft Foods markets many of the world’s leading food brands, including Kraft cheese, Maxwell House and Jacobs coffees, Nabisco cookies and crackers, Philadelphia cream cheese, Oscar Mayer meats, Post cereals and Milka chocolates, in more than 140 countries.

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