Kraft Foods Group Names James Kehoe CFO

Kraft Foods Group, Inc.

today announced that it has named James Kehoe Executive Vice President and Chief Financial Officer. He will report directly to Chairman and CEO John T. Cahill and will lead all of Kraft's finance operations. Mr. Kehoe has extensive financial experience and previously spent more than two decades with Kraft in roles across numerous businesses and corporate functions. He rejoins the company from Gildan Activewear Inc., a leading supplier of branded basic family apparel in Canada, where he most recently served as Executive Vice President and Chief Financial and Administrative Officer. Prior to that, he was Senior Vice President of Operating Excellence at Mondelez International, Inc., where he led the company's global transformation program through improving execution across the business as well as cost savings initiatives. "I am pleased to welcome James back to Kraft as CFO," said Mr. Cahill. "James knows the company inside and out and, throughout his career, has demonstrated strong financial acumen and execution capabilities. I have tremendous confidence in his ability to lead our finance team and take Kraft to a new level as we look to accelerate our pace of change." "Kraft is the company where I've built my career, and I'm excited to rejoin at such a critical time and partner again with many of the talented colleagues I know so well," commented Mr. Kehoe. "I look forward to working with John, our finance team and the rest of management to drive Kraft's strategy and performance as we focus on sustainable, profitable growth." During his time with Kraft, Mr. Kehoe held a variety of senior-level finance positions and played a key role in the company's operations, business model development and cost-reduction initiatives. Mr. Kehoe's most recent role at Kraft was as Senior Vice President, Corporate Finance, leading multiple functions, including treasury, tax, accounting, external financial reporting, enterprise risk management and corporate planning and analysis. Mr. Kehoe succeeds Teri List-Stoll, whom the company announced last week would step down from her role as of Feb. 28, 2015. Ms. List-Stoll will work closely with Mr. Kehoe to ensure a smooth transition.