Kraft Foods Announces Executive Transition

Kraft Foods announces that Timothy R. McLevish, Executive Vice President and Chief Financial Officer, will leave the company mid-year 2011 to pursue opportunities in general management. McLevish will be fully engaged in reporting the company's first quarter financial results. He will officially shift his CFO responsibilities to David Brearton, currently Executive Vice President, Operations, after the company files its first quarter financial statements.

 

David Brearton began his career with the company in 1984 in his native Canada. He progressed through a series of senior finance roles, including as SVP, Finance, Kraft Foods International, and as Corporate Controller. Since that time, he has led several functions, including: Strategy; Mergers & Acquisitions, during the time Kraft Foods acquired the LU biscuit business; Information Systems, during the company's "Catalyst" SAP implementation; and most recently as the head of Operations, overseeing the Procurement, Manufacturing, and Customer Service and Logistics functions. Under Dave's leadership, the current Lean Six Sigma initiative began in North America. As a member of the Kraft Executive Team for the past six years, Brearton worked to develop and execute the company's long-term strategy.

 

As a board member of Feeding America, the nation's leading hunger-relief organization, Brearton supports Kraft Foods' efforts to reduce hunger and malnutrition. The company has initiated an external search to fill Brearton's current role as EVP, Operations.