Blog: Kraft management shake-up

Catherine Sleep | 14 September 2006

They say that a new broom sweeps clean, and it’s certainly proved to be the case at Kraft Foods. Newly installed CEO Irene Rosenfeld has wasted little time in implementing a management shuffle at the highest level. Some might even call it a cull, as a number of high-ranking executives will be leaving the company, including executive vice presidents Paula Sneed, Dave Johnson, Linda Hefner and Hugh Roberts.

A more thoughtful response would be to interpret Rosenfeld’s initiative as a strategy to line up the people she feels can best help her get the company in shape before the anticipated spin-off by majority shareholder Altria. At the very least she has demonstrated she can act quickly and decisively.

Who's packing their bags?


BLOG

Reckitt Benckiser clears final Mead Johnson hurdle

The final regulatory approval needed for the UK-based consumer goods giant's takeover of the US infant formula maker has been received, with the US$17.9bn deal set to be completed on Thursday (15 June...

BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

BLOG

UK M&A deal volumes slide in early months of 2017

Fresh data from Grant Thornton indicates the number of mergers and acquisitions in the UK food and drink sector fell to the lowest level for over two years in the first quarter of in 2017 - but the ac...

just-food homepage



Forgot your password?