Business Services Industry
Mark D. Ketchum Nominated for Election to Kraft Foods Board of Directors
Business Wire, March 5, 2007
NORTHFIELD, Ill. -- Kraft Foods Inc. (NYSE:KFT), a global leader in food and beverages, today announced that the Board of Directors has nominated Mark D. Ketchum for election at the Annual Meeting of Stockholders to be held on April 24, 2007.
Ketchum, 57, is President and Chief Executive Officer of Newell Rubbermaid Inc., a position he has held since October 2005. Newell Rubbermaid is a global marketer of consumer and commercial products with sales of approximately $6 billion and a strong portfolio of brands, including PaperMate, Sharpie, Levolor, Calphalon, Rubbermaid and Graco. The company is headquartered in Atlanta, Ga., and has approximately 23,500 employees worldwide.
A 33-year veteran of Procter & Gamble (P&G), Ketchum retired in 2004 after serving five years as President, Global Baby and Family Care. He joined P&G in 1971 where he spent time in various operational roles before transitioning to brand and general management. He served as Vice President and General Manager of the Tissue and Towels business from 1990 to 1996, where he was credited with repositioning the Charmin and Bounty brands and for driving their dramatic profit and share growth. He also served as President, North American Paper Products from 1996 to 1999 before being named President, Global Baby and Family Care where he led the dramatic turnaround of the global Pampers brand.
"Mark Ketchum is a highly talented executive with an uncommon blend of experience in manufacturing, logistics, marketing and brand building," said Kraft Chairman Louis C. Camilleri. "His success in leading global, consumer-oriented businesses will be of tremendous value to Kraft, and we look forward to his contributions in the years ahead."
Ketchum is an alumnus of Cornell University where he earned a degree in industrial engineering.
Ketchum's nomination follows the earlier announced nominations of Ajay Banga, Jan Bennink, Louis C. Camilleri, Richard A. Lerner, John C. Pope, Irene B. Rosenfeld, Mary L. Schapiro and Deborah C. Wright announced on Jan. 31, 2007.
About Kraft Foods
Kraft Foods (NYSE:KFT) is one of the world's largest food and beverage companies. For more than 100 years, we've offered consumers delicious and wholesome foods that fit the way they live. Millions of times a day, in more than 150 countries, consumers reach for their favorite Kraft brands. Whether it's breakfast, lunch, dinner or a snack, consumers at home and on the go choose: Kraft cheeses, dinners and dressings; Oscar Mayer meats, DiGiorno pizzas, Oreo cookies, Ritz crackers and chips, Philadelphia cream cheese, Milka and Cote d'Or chocolates, Planters nuts, Honey Bunches of Oats cereals, Jacobs, Gevalia and Maxwell House coffees; Capri Sun, Crystal Light and Tang refreshment beverages; and a growing range of South Beach Diet and better-for-you Sensible Solution options.
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