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Breaking News

News: Kraft Names New Europe President

December 3, 2007

November 28/Zurich, Switzerland/Business Wire -- Kraft Foods Inc. announced today the appointment of Jean-Paul Rigaudeau as president of the company's European operations, succeeding Joachim Krawczyk who is retiring after a distinguished, 29-year career with the company. Rigaudeau, who joined Kraft in 2004, was most recently the head of Kraft's $2.5 billion EU chocolate business. Rigaudeau will report to Sanjay Khosla, president of Kraft International.

"Joachim and his team have delivered improved topline performance in the EU, led by our coffee and chocolate businesses. As a member of this dynamic team, Jean-Paul is a natural choice to lead Kraft's $8 billion+ European operations. I'm confident he can drive the region to even greater success in the years ahead" said Khosla.

"Jean-Paul's selection is a point of pride for all of us," said Joachim Krawczyk.

Commenting on his appointment, which is effective January 1, 2008, Rigaudeau said, "I'm honored and excited to become head of Kraft's European business at this critical juncture. More than ever, from chocolate to cheese to coffee, European consumers are looking for a choice of high quality, great-tasting foods and beverages that represent good value. Kraft is delivering, which is why we're making progress on the top line. I look forward to building on the momentum that the team has begun to create."

Joachim Krawczyk's international career with Kraft began in Germany and took him from his first job in 1979 as assistant brand manager for Jacobs, to general manager of Suchard/Tobler 10years later. He then held positions of increasing responsibility with Philip Morris International in Latin America, and in 2000, became the first president of Kraft's new Latin America region.

Krawczyk returned to Europe in 2003 as president of the West Central Europe Region and was named group vice president and president of the EU Region in 2005. As leader of Kraft's EU business, he has driven its turnaround over the past two years.

Before taking on Kraft's EU chocolate business earlier this year, Rigaudeau was vice president and area director for Kraft in Germany, Austria and Switzerland and for World Travel Retail.

From the December 3, 2007, Prepared Foods e-Flash

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