December 5/Northfield, Ill./RTTNews -- Kraft Foods Inc. (KFT), which is splitting into two, named Irene Rosenfeld as chairman and chief executive officer of the Global Snacks Co. as well as Anthony Vernon as CEO and John Cahill as chairman of the North American Grocery Co. Kraft noted that it expects to complete the spin-off before the end of 2012.
"Irene, John and Tony are three of the finest executives in business today. Their commitment to shareholder value, passion for brands and focus on sound financial management give the Board great confidence in the future of the snacks and grocery companies," lead director Mark Ketchum said in a statement.