Friday 14 June 2024
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WORLD NEWS – Kraft Foods announces appointement of John Cahill as CEO

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NORTHFIELD, Ill., US – Kraft Foods Group, Inc. has recently announced that its board of directors has named John Cahill, Chairman of the Board of Directors, to the position of Chairman and Chief Executive Officer of Kraft Foods.

Mr. Cahill will succeed Tony Vernon, who has informed the board of his intention to retire as CEO on Dec. 27, 2014, the last day of the company’s fiscal year.

Mr. Vernon will stay on as a senior advisor through March 31, 2015 and as a director until the company’s next annual meeting in 2015.

John Cahill joined Kraft on Jan. 2, 2012 as Executive Chairman Designate, North American Grocery, and became Executive Chairman at spin-off. He transitioned to a non-executive Chairman role on March 8, 2014.

John spent nine years with The Pepsi Bottling Group, Inc., a beverage manufacturing company, most recently as Chairman and Chief Executive Officer from 2003 to 2006 and Executive Chairman until 2007.

John previously spent nine years with PepsiCo, Inc., a food and beverage company, in a variety of leadership positions.

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He is lead independent director of American Airlines Group, Inc. and a director of Colgate-Palmolive Company.

John earned a bachelor’s degree in economics and an MBA from Harvard University.

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