After declaring its strong profit growth in 2008, Cadbury plc announced the intention to sell its Australia Beverages business in order to focus on its confectionery operations.
In addition, the company announced Andrew Bonfield as its new cfo designate, effective February 2009. Bonfield will join the Board and take over current CFO Ken Hanna’s responsibilities when he leaves the Board in April 2009. Bonfield has 10 years of experience as a cfo, eight years of which were spent at two of the world’s largest pharmaceutical companies. Most recently, Bonfield was the cfo at Bristol-Myers Squibb, an international pharmaceutical company.