Chairperson Roger Carr, CEO Todd Stitzer and chief finance officer Andrew Bonfield are all to step down, Cadbury asserted. US firm Kraft sealed its takeover on Tues. after Cadbury investors voted in favor of the deal. For months, Cadbury had refused an antagonistic bid from Kraft. In Jan , the board authorized an increased bid and suggested stockholders to accept it, announcing it offered “good value”. ‘Deep purple’ Mr Stitzer, who has been with the company for twenty-seven years, related : ”
I wish [Kraft chief executive] Irene Rosenfeld and her team each pre-eminence in taking Cadbury and its brands forward. “I will now be taking some breathing space with my folks to consider my future options, but you may be sure my heart will always be a deep Cadbury purple.” Mr Carr recounted : “Together we have fought a brilliant defence campaign and delivered important price to Cadbury stockholders.
“In handing over to Irene Rosenfeld I just wish her the best as she is taking on accountability for continuing to build and develop what’s incontestably one of the Earth’s best brands.” The dates when all 3 will officially leave the Corporation have yet to be decided.
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