Camilleri steps down as Kraft chair; Rosenfeld takes on role

by Eric Schroeder
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NORTHFIELD, ILL. — Irene Rosenfeld, chief executive officer of Kraft Foods Inc., has been elected chairman of the company’s board of directors effective March 30. She succeeds Louis C. Camilleri, who has stepped down but will continue to serve on the company’s board of directors.

The move followed Altria Group, Inc.’s Jan. 31 announcement regarding the spin-off of Kraft Foods Inc.

In addition to the departure of Mr. Camilleri, Dinyar Devitre and Charles Wall also announced they would step down from the board. As a result of these changes, the board will comprise the following directors: Ajay Banga, Jan Bennink, Louis Camilleri, Richard Lerner, John Pope, Irene Rosenfeld, Mary Schapiro and Deborah Wright, all of whom have been nominated for reelection at the 2007 annual meeting.

Ms. Rosenfeld, who spent more than 20 years with Kraft Foods Inc. and General Foods before leaving in July 2003 for "personal reasons," returned to Kraft as c.e.o. in June 2006.

Prior to rejoining Kraft, she was chairman and chief executive officer of Frito-Lay, Inc., a division of PepsiCo, Inc., since September 2004.

At the time of her departure from Kraft in July 2003, Ms. Rosenfeld was president of the Northfield-based company’s North American businesses, a position she was promoted to fill in October 2002.

Earlier, she was group vice-president of Kraft Foods North America’s operations, technology, procurement and information systems for Canada, Puerto Rico and Mexico. In this position, she spearheaded the development and delivery of the $19 billion Kraft/Nabisco integration plan, following Kraft’s acquisition of the Nabisco Biscuit Co.

She was executive vice-president and general manager in Kraft’s Beverages, and Desserts and Snacks businesses from 1991 to 1996. Prior to those positions, she worked in market research and product management.

Ms. Rosenfeld has been active in the food industry, holding a number of leadership roles within the Grocery Manufacturers Association, including chair of the Industry Affairs Council, co-chair of the Joint G.M.A./Food Marketers Institute Trading Partner Alliance and chair of the Food and Health Strategy Group.

She received a bachelor’s degree in psychology, a master’s degree in business, and a Ph.D. in marketing and statistics, all at Cornell University.

Mr. Camilleri had been chairman since September 2002, when, pursuant to a corporate agreement between Kraft and its principal shareholder, Philip Morris Companies Inc., Philip Morris was given the right to designate the chairman and two additional directors.

At that time, Mr. Camilleri was named chairman and Mr. Devitre and Mr. Wall were named to the Kraft board.

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