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Kraft Names New CFO

Tue, 09/03/2013 - 12:24pm

NORTHFIELD, Ill. (AP) — Kraft Foods has hired a successor to take over for Chief Financial Officer Timothy McLevish.

Teri List-Stoll is set to start work at the suburban Chicago company in the first quarter of 2014.

Kraft's brands include Jell-O, Oscar Mayer and Maxwell House.

She'll initially oversee its business unit finance teams and work alongside McLevish. List-Stoll worked for The Procter & Gamble Co. for nearly 20 years, most recently as senior vice president and treasurer.

McLevish helped oversee Kraft's split from Mondelez International last year. The split was intended to help the two companies each focus on a more targeted lineup of brands. Kraft Foods Group Inc. took North American grocery brands, while Mondelez and CEO Irene Rosenfeld took global snack brands such as Oreo, Chips Ahoy and Cadbury chocolates.

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