NORTHFIELD, Ill., Aug. 2, 2012 /PRNewswire/ -- Kraft Foods
(NASDAQ: KFT) announced today that Tracey
Belcourt will join the company as Executive Vice President,
Strategy, in September. Belcourt, 45, will lead the strategy
function and mergers and acquisition activities for the global
snacks company, Mondelez International, Inc., following the
expected spin-off of Kraft's North American grocery business on
Oct. 1, 2012. In this role,
Belcourt will report to Chairman & CEO Irene Rosenfeld, with responsibility for
evolving and implementing the company's growth strategy.
(Logo: http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO)
"Tracey is a highly accomplished corporate strategist with
extensive background in consumer industries," said Rosenfeld. "She
has broad international work experience throughout Latin America, Europe, Asia
and Africa. She joins us at an
exciting time, as we chart the course for our new global snacks
company."
Belcourt has been a partner at Bain & Co. in Toronto since 1999, leading teams that
specialized in the design and implementation of growth strategies
to improve business performance across a variety of consumer
industries. She was an economic consultant to the U.S. Agency
for International Development in Africa in 1999, and prior to that, served for
five years as an assistant professor of economics at Concordia University in Montreal. Belcourt earned a
master's degree and Ph.D. in economics from Queen's University in
Canada and a bachelor's degree in
mathematics and economics from the University
of Alberta.
The announcement of Tracey, together with the recent
announcement of Kim Rucker as
General Counsel of the future North
America grocery company completes the leadership teams of
the two companies for the spin-off.
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, NASDAQ 100,
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.
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SOURCE Kraft Foods