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.