Kraft names new CFO
Kraft names new CFO
Kraft Foods hired Teri List-Stoll as a successor to take over for CFO Timothy McLevish in the first quarter of 2014.
Teri List-Stoll will initially oversee its business unit finance teams and work alongside McLevish to ensure an orderly transition. List-Stoll worked for The Procter & Gamble Co. for nearly 20 years, most recently as SVP and treasurer.
The appointment comes after McLevish helped oversee Kraft's split from Mondelez International Inc. last year. Both companies have stumbled out of the gate, however, delivering underwhelming results in their first few quarters as independent companies.
Shares of Northfield, Ill.-based Kraft Foods Group closed Friday at $51.77, up about 15 percent since the split about a year ago.
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