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Kraft Foods Group announces CFO succession plan

Kraft Foods Group, Northfield, Ill., announces that Teri List-Stoll has joined the company as senior vice president of finance. She will succeed current chief financial officer Timothy McLevish in the first quarter of 2014.

List-Stoll worked at Procter & Gamble (P&G) for nearly 20 years, holding a number of finance leadership roles in business unit management, supply chain, sales, accounting and financial planning and analysis. Most recently, she was senior vice president and treasurer. She is also a board and audit committee member of Danaher Corp. and a founding member of the Corporate Women’s Executive Forum.

“Teri’s financial expertise and deep experience at a consumer- and brand-focused company make her the right choice for our next CFO,” says Kraft CEO Officer Tony Vernon. “We’ll benefit from her deep commitment to operational excellence and her track record of innovation in companywide productivity initiatives. Plus, Teri’s energy, inclusive leadership style and success in developing people are a perfect match for our new culture.”

In her role as senior vice president of finance, List-Stoll will initially oversee Kraft’s business unit finance teams. She’ll also work alongside McLevish to ensure an orderly transition of CFO duties.

Source: PRNewswire

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