Danone's net triples; finance chief resigns

Article Abstract:

Full-year 2007 net profit for French food firm DANONE Group tripled to 4.18 bil euro, due in part to a gain of 3.1 bil euro from its cookies division sale to Kraft Foods Inc. Revenue increased to 12.77 bil euro, with 12% growth in sales for the fresh-dairy business. DANONE's chief financial officer, Antoine Giscard d'Estaing, left the firm to pursue other career opportunities; Pierre-Andre Terisse, formerly of Spanish tobacco firm Altadis S.A., will succeed him.

France, DANONE Group, DA, Giscard d'Estaing, Antoine, Terisse, Pierre-Andre

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Kraft aims to increase sales even at expense of profit

Article Abstract:

Irene Rosenfeld, CEO of Kraft Inc., plans to spend more in order to increase sales, even though this could mean lower profits in the near future. Product categories will be made more relevant to customers, as part of the company's overall growth plan.

Strategy & planning, Planning, Company business planning, Kraft Inc.

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Kraft CEO gets salary of $1.3 million

Article Abstract:

Irene B. Rosenfeld has been appointed the Chief Executive Officer of Kraft Foods Inc. of the United States. Ms. Rosenfeld will receive a salary of $1.3 million annually with a bonus of $1.95 million in 2007, and $3.25 million in longterm incentives.

United States, Personnel administration, Compensation and benefits, Kraft Foods Inc., Company overview

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