Posts Tagged ‘Kraft’
Cadbury executives to step down following Kraft deal
Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield of Cadbury have announced today that they will step down from the British confectioner.
The three bosses announced their resignations following a shareholder vote which will see US food giant, Kraft, takeover the 186-year-old iconic British company in a £11.5 billion ($18.9 [...]
Mandelson expresses ‘disappointment’ after meeting with Kraft chief
Business Secretary Lord Peter Mandelson said he was “disappointed” that Kraft could not guarantee that Cadbury’s confectionery brands will continue to be managed in the UK.
Mandelson met with Kraft chief executive, Irene Rosenfeld, last night after Cadbury shareholders voted in favour of the £11.5 billion ($18.9 billion) takeover deal from the US food giant.
The vote [...]