Changing faces at Kraft Archives - Just Food
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Changing faces at Kraft

Kraft CEO heads into sunset as spin-off looks certain

Amid continued investor scepticism about the lethargic results generated by the ongoing companywide overhaul, Kraft Foods announced yesterday (27 June) the appointment of Irene Rosenfeld as CEO. Rosenfeld replaces Roger Deromedi, who has mutually agreed...

US: Kraft board replaces its CEO

US: Kraft board replaces its CEO

The US’s largest food company, Kraft, yesterday (26 June) announced that its board of directors had decided to replace Roger Deromedi with Irene Rosenfeld as CEO, effective immediately.

Kraft bites the bullet again

Kraft bites the bullet again

Kraft Foods is taking drastic action to tackle problems of rising costs and lower margins but while the second swathing round of cost-cutting shows a firm resolve, analysts have questioned the company’s new product development record and its response to falling operating margins. Ben Cooper reports.

US: Kraft to cut its workforce by 8% despite Q4 growth

US: Kraft to cut its workforce by 8% despite Q4 growth

Kraft Foods yesterday (30 January) announced that despite a 23% rise in fourth quarter earnings, the company was going to broaden its ongoing Sustainable Growth Plan by cutting an additional 8,000 jobs, approximately 8% of the workforce, and closing as many as 20 production facilities by 2008.

EU: Kraft to reorganise European operations

Kraft Foods today (31 January) announced that, in support of its Sustainable Growth Plan, it plans to reorganise and simplify its European operations. The company will combine its Western Europe…