NORTHFIELD, Ill., July 19, 2012 /PRNewswire/ -- Kraft Foods
(NASDAQ:KFT) announced today that Kim
Rucker will become Executive Vice President, Corporate &
Legal Affairs, Kraft Foods North America in late August. Rucker,
45, joins the company from Avon Products, Inc. where she serves as
Senior Vice President, General Counsel, Corporate Secretary and
Chief Compliance Officer. She will join Vernon's Management
Team and lead the legal, corporate governance and corporate affairs
functions. Upon launch of Kraft Foods Group, Inc. later this year,
Rucker will become Executive Vice President, Corporate & Legal
Affairs, General Counsel and Corporate Secretary. Rucker will
report to North America President and future CEO Tony Vernon.
(Logo: http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO)
"Kim's extensive experience providing strong strategic and legal
counsel to Boards of Directors, CEOs and executive teams of large
public companies will be invaluable as we become a stand-alone
entity," said Vernon. "Her broad and deep background in law and
corporate governance, plus her knowledge of the CPG sector, make
her an important asset to our team. I look forward to working
closely with Kim as we become a world-class public company and
North America's favorite food and
beverage business."
Since 2008, Rucker has led Avon's global legal operation, including
corporate governance, compliance, litigation, government affairs
and intellectual property. Prior to joining Avon, she was Senior Vice President, Corporate
Secretary and Chief Governance Officer for Energy Future Holdings,
formerly TXU Corp. Previously, Rucker was corporate counsel for
Kimberly-Clark Corporation and a partner in the Corporate &
Securities group at Sidley Austin in Chicago.
"I am extremely delighted and honored to join a world-class
executive team and a company embarking on an exciting future," said
Rucker. "It's a unique opportunity to help build on Kraft's
long-standing leadership in making great foods and beverages for
families throughout North
America."
A Harry S. Truman Scholar, Rucker holds a bachelor's degree in
economics from the University of Iowa.
She simultaneously earned her Juris Doctorate from Harvard Law School and a master's degree in
public policy from the John F. Kennedy School of Government at
Harvard.
A Chicago native, Rucker and
her family will relocate back to the area.
About Kraft Foods
Kraft Foods Inc. (NASDAQ: KFT) is a global snacks
powerhouse with an unrivaled portfolio of brands people love.
Proudly marketing delicious biscuits, confectionery, beverages,
cheese, grocery products and convenient meals in approximately 170
countries, Kraft Foods had 2011 revenue of $54.4 billion. Twelve of the company's
iconic brands – Cadbury, Jacobs, Kraft,
LU, Maxwell House, Milka, Nabisco,
Oreo, Oscar Mayer,
Philadelphia, Tang
and Trident – generate revenue of more than $1 billion annually. On Aug. 4, 2011, Kraft Foods announced plans to
divide and create two independent public companies: a high-growth
global snacks business and a high-margin North American grocery
business. The transaction is expected to be completed before
the end of 2012. A leader in innovation, marketing, health
& wellness and sustainability, Kraft Foods is a member of the
Dow Jones Industrial Average, Standard & Poor's 500, Dow Jones
Sustainability Index and Ethibel Sustainability Index. Visit
kraftfoodscompany.com and
facebook.com/kraftfoodscorporate.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words, and variations of words such as "expect,"
"will," and similar expressions are intended to identify our
forward-looking statements, including but not limited to, our plan
to create two industry-leading public companies; timing of the
spin-off; and expectations for the North American grocery company.
These forward-looking statements are subject to a number of risks
and uncertainties, many of which are beyond our control, which
could cause our actual results to differ materially from those
indicated in our forward-looking statements. Please see our
risk factors, as they may be amended from time to time, set forth
in our filings with the SEC, including our most recently filed
Annual Report on Form 10-K and subsequent reports on Forms 10-Q and
8-K. Kraft Foods disclaims and does not undertake any obligation to
update or revise any forward-looking statement in this press
release, except as required by applicable law or regulation.
- make today delicious -
SOURCE Kraft Foods