Global Processing

Kraft European Executive Leaving Company

October 11, 2010
Kraft Foods Inc. said European executive Ignasi Ricou is leaving, the latest former Cadbury Plc official to depart since the food company’s $20 billion takeover of the U.K. confectioner, reports Bloomberg News. Cadbury’s three top officers -- Chairman Roger Carr, Chief Executive Officer Todd Stitzer and Chief Financial Officer Andrew Bonfield -- said they would step down soon after Cadbury shareholders approved the takeover this year. The European sales team will now report to Trevor Bond, a former Cadbury executive, while Maurizio Brusadelli, a Kraft veteran, has been appointed president of gum and candy.