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...
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.
US food group Kraft Foods has announced the appointment of Jeri Finard as executive vice president, global category development.
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.
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.
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…
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