Northfield, IL
Kraft Foods Group has announced that Teri List-Stoll will be succeeding the current Chief Financial Officer, Timothy McLevish, as the new senior vice president at Kraft.
List-Stoll, a recent senior vice president and treasurer, will initially oversee Kraft’s business finance teams in her new position and she’ll also work alongside McLevish to ensure a smooth transition of CFO duties, according to a press release. She brings 20 years of consumer packaged goods experience working at Procter & Gamble and she has held a number of finance leadership roles in business unit management, supply chain, sales, accounting, and financial planning, and analysis since 1994.
“Teri’s financial expertise and deep experience at a consumer and brand-focused company make her the right choice for our next CFO,” said Kraft Chief Executive Officer Tony Vernon. “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.”
“We owe a big part of our success to Tim, who is an incredible partner in every way,” continued Vernon. “He’s been instrumental in re-making Kraft, guiding us through a complex separation and establishing us as a stand-alone public company. Tim’s lasting legacies will be his disciplined approach to cash management, push for process simplification, and drive to create long-term value for our shareholders.”
“I’ve thoroughly enjoyed helping Kraft navigate some of the most exciting changes in our history,” said McLevish. “I am confident Teri is the right person to continue our journey to deliver the cost savings and focused approach to brand investments that will fuel our future growth.”
Kraft plans to formally transition the CFO role from McLevish to List-Stoll in the first quarter of 2014.
Kraft Foods Group
