Snack and beverage company,
Kraft Foods Group, Inc.
), recently announced the appointment of Teri List-Stoll as the
senior vice president of the company. Previously a
Procter & Gamble
) executive, Teri List-Stoll will be promoted to the position of
Chief Financial Officer (CFO) in the first quarter of 2014,
replacing the current CFO, Timothy McLevish.
List-Stoll has served nearly 20 years at P&G and was most
recently holding the position of senior vice president and
treasurer. She thus commands tremendous financial expertise and
experience of working in a huge consumer packaged goods company.
She has also served the Financial Accounting Standards Board and
private professional services firm, Deloitte & Touche, in the
Kraft split from
Mondelez International, Inc.
) last year and became an independent company. While Kraft took
hold of the North American grocery business, Mondelez looks after
the global snacks portfolio.
Early last month, Kraft reported mixed second-quarter 2013
results beating the Zacks Consensus Estimate for earnings but
missing the same for revenues. Sales were significantly weak and
margins also declined. The company also lowered its full-year
2013 organic revenue guidance.
Other Stocks to Consider
Kraft Foods carries a Zacks Rank #2 (Buy). Overall, we are
encouraged by Kraft's aggressive cost reduction and
efficiency-improvement initiatives which provide more cash to
invest in stronger innovation, brand building and marketing
initiatives. Kraft also aims to maximize cash flows which will be
used to pay strong and competitive dividends.
However, though Kraft's cost-saving efforts look encouraging,
it needs to show sustained top-line improvement.
Another food company which is currently doing well is
Pinnacle Foods Inc.
) carrying a Zacks Rank #2 (Buy).
KRAFT FOODS GRP (KRFT): Free Stock Analysis
MONDELEZ INTL (MDLZ): Free Stock Analysis
PINNACLE FOODS (PF): Free Stock Analysis
PROCTER & GAMBL (PG): Free Stock Analysis
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