Kraft Foods Group Inc., Northfield, IL, has named John Cahill, chairman of the board of directors, chairman and CEO of Kraft Foods. He will succeed Tony Vernon, who will retire as CEO on Dec. 27, but stay on as a senior adviser through March 31, 2015, and as a director until the company’s next annual meeting in 2015.
Cahill joined Kraft on Jan. 2, 2012, as executive chairman designate, North American Grocery, and became executive chairman when the company spun off from Mondelez International in October 2012. He transitioned to a non-executive chairman role on March 8, 2014.