NORTHFIELD, Ill. -- Kraft Foods Group Inc. has announced that it has named James Kehoe executive vice president and CFO. He will report directly to chairman and CEO John T. Cahill and will lead all of Kraft's finance operations.
He succeeds Teri List-Stoll, whom the company announced last week would step down from her role as of Feb. 28, 2015. List-Stoll will work closely with Kehoe to ensure a smooth transition.
Kehoe has extensive financial experience and previously spent more than two decades with Kraft in roles across numerous businesses and corporate functions.
He rejoins the company from Gildan Activewear Inc., a leading supplier of branded basic family apparel in Canada, where he most recently served as executive vice president and CFO and administrative officer. Prior to that, he was senior vice president of operating excellence at Mondelez International Inc., where he led the company's global transformation program through improving execution across the business as well as cost savings initiatives.
During his time with Kraft, Kehoe held a variety of senior-level finance positions and played a key role in the company's operations, business model development and cost-reduction initiatives. Kehoe's most recent role at Kraft was as senior vice president, corporate finance, leading multiple functions, including treasury, tax, accounting, external financial reporting, enterprise risk management and corporate planning and analysis.
"I am pleased to welcome James back to Kraft as CFO," said Cahill. "James knows the company inside and out and, throughout his career, has demonstrated strong financial acumen and execution capabilities. I have tremendous confidence in his ability to lead our finance team and take Kraft to a new level as we look to accelerate our pace of change."
Kraft Foods Group, Northfield, Ill., is one of North America's largest consumer packaged food and beverage companies, with annual revenues of more than $18 billion. The company's brands include Kraft, Oscar Mayer, Velveeta, Planters, Philadelphia, Maxwell House, Lunchables, Capri Sun, Kool-Aid and Jell-O.
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