Kraft details c.f.o. succession plan
September 3, 2013
by Eric Schroeder
NORTHFIELD, ILL. — Teri List-Stoll has joined Kraft Foods Group as senior vice-president of finance and will succeed current chief financial officer Timothy McLevish in the first quarter of 2014. In her role as senior vice-president of finance, Ms. List-Stoll initially will oversee Kraft’s business unit finance teams. She also will work alongside Mr. McLevish to ensure an orderly transition of c.f.o. duties, Kraft said.
Ms. List-Stoll has experience in the consumer packaged goods experience, having worked for nearly 20 years at Procter & Gamble. Since 1994, she has held a number of finance leadership roles in business unit management, supply chain, sales, accounting, and financial planning and analysis. Most recently, she was senior vice-president and treasurer.
Prior to joining P&G, Ms. List-Stoll was a fellow with the Financial Accounting Standards Board and spent six years at Deloitte & Touche, providing financial counsel to multinational companies. She is also a board and audit committee member of Danaher Corp. and a founding member of the Corporate Women’s Executive Forum.
“Teri’s financial expertise and deep experience at a consumer- and brand-focused company make her the right choice for our next c.f.o.,” said Tony Vernon, chief executive officer of Kraft. “We’ll benefit from her deep commitment to operational excellence and her track record of innovation in company-wide productivity initiatives. Plus, Teri’s energy, inclusive leadership style and success in developing people are a perfect match for our new culture.”