| Business Summary | | Kraft
Foods,
Inc.
is
the
largest
branded
food
and
beverage
company
headquartered
in
the
United
States
and
the
second
largest
in
the
world,
based
on
2000
pro
forma
revenue
of
$34.7
billion.
The
Company's
brands
are
sold
in
more
than
140
countries.
The
Company
conducts
its
global
food
business
through
two
units,
Kraft
Foods
North
America
(the
United
States,
Canada
and
Mexico)
and
Kraft
Foods
International
(operations
in
63
countries).
These
two
units
participate
in
five
core
consumer
sectors:
snacks,
beverages,
cheese,
grocery
and
convenient
meals.
The
Company
also
participates
in
three
international
ventures
that
are
strong
players
in
their
local
markets:
United
Biscuits
for
biscuits
in
Europe;
Ajinomoto
General
Foods
for
coffee
in
Japan;
and
Dong
Suh
Foods
for
coffee
and
cereal
in
Korea.
Kraft
was
spun-off
from
Philip
Morris
Companies
through
an
initial
public
offering
of
28,000,000
shares
in
June
2001.
Philip
Morris
retains
approximately
84%
ownership
of
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Kraft
Foods,
Inc.
is
engaged
in
the
manufacture
and
sale
of
retail
packaged
foods
in
the
U.S.,
Canada,
Europe,
Latin
America,
and
Asia
Pacific.
For
the
six
months
ended
6/30/01,
revenues
rose
27%
to
$17.06
billion.
Net
income
fell
20%
to
$831
million.
Revenues
reflect
an
increase
in
sales
of
beverages,
desserts
and
cereals.
Earnings
were
offset
by
an
increase
in
marketing
and
administration
costs
and
amortization
of
goodwill. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Geoffrey Bible, 63 Chairman | -- | Roger Deromedi, 47 Co-CEO,
Director and Pres and Chief Exec. Officer, Kraft Foods Internat | $3.5M | Betsy Holden, 45 Co-CEO,
Director and Pres and Chief Exec. Officer, Kraft Foods North Am | 2.7M | James Dollive, 49 CFO,
Sr. VP | -- | Ronald Bell, 51 Pres
European Union, Kraft Foods International | 2.4M | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|