Kraft Reveals Leadership of New Companies

Kraft Foods Inc named its chief executive, Irene Rosenfeld, to lead its snacks business and Kraft North America President Anthony Vernon to lead its North American grocery business when it splits in two next year. The largest North American packaged food maker also said on Monday that John Cahill, currently a partner at Ripplewood Holdings, would join the company and become non-executive chairman of the North American grocery company. Cahill is due to join Kraft in January as executive chairman, and serve in that role until the spin-off.

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