KRAFT FOODS INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Other Events
| Edgar Online, Inc. |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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Item 8.01. Other Events
As previously announced, our Board of Directors intends to create two independent public companies: (i) a global snacks business and (ii) a North American grocery business through a tax-free spin-off of the North American grocery business to
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GLOBAL SNACKS BUSINESS Irene Rosenfeld,
GERHARD PLEUHS will be EVP, Legal Affairs and
MARY BETH WEST will continue as EVP, Chief Category and Marketing Officer, responsible for the Global Category Teams for biscuits, chocolate, and gum and candy as well as the marketing services functions. She will assume responsibility for corporate affairs.
A search is underway for an EVP, Strategy, responsible for the global snacks company's corporate strategy and mergers and acquisitions.
NORTH AMERICAN GROCERY BUSINESS W. Anthony Vernon, EVP and President,
TIMOTHY McLEVISH will be EVP and CFO, responsible for the company's financial operations. Tim had previously served as EVP and Chief Financial Officer for
Two other positions will be part of the North American grocery company executive team.
EVP, Integrated Supply Chain, responsible for procurement, manufacturing, customer service and logistics.
EVP, Research and Development, Quality and Innovation, responsible for product and packaging development, research, nutrition, innovation, quality, food safety and scientific affairs.
FORWARD-LOOKING STATEMENTS This Form 8-K contains a number of forward-looking statements. Words, and variations of words such as "plan," "continue," "will," and similar expressions are intended to identify our forward-looking statements, including but not limited to, our plan to launch two companies and their leadership; cost management; and innovation. These forward-looking statements involve risks and uncertainties, many of which are beyond our control, and important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, our failure to successfully separate the businesses. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the
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