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.
Kraft Foods Group says it’s splitting its grocery business into a unit for meals and desserts and a division for sauces, nuts, snacks and dressings. Since the new Kraft launched, the company has focused heavily on turbocharging its iconic brands, CEO Tony Vernon says. It will add two standalone business units to focus its brand-building work.