Kraft Foods announces that Tracey Belcourt will join the company as Executive Vice President, Strategy, in September. Belcourt will lead the strategy function and mergers and acquisition activities for the global snacks company, Mondelez International, Inc., following the expected spin-off of Kraft’s North American grocery business on Oct. 1, 2012. In this role, Belcourt will report to Chairman & CEO Irene Rosenfeld, with responsibility for evolving and implementing the company’s growth strategy.
“Tracey is a highly accomplished corporate strategist with extensive background in consumer industries,” says Rosenfeld. “She has broad international work experience throughout Latin America, Europe, Asia and Africa. She joins us at an exciting time, as we chart the course for our new global snacks company.”
Belcourt has been a partner at Bain & Co. in Toronto since 1999, leading teams that specialized in the design and implementation of growth strategies to improve business performance across a variety of consumer industries. She was an economic consultant to the U.S. Agency for International Development in Africa in 1999, and prior to that, served for five years as an assistant professor of economics at Concordia University in Montreal.
The announcement of Tracey, together with the recent announcement of Kim Rucker as General Counsel of the future North America grocery company completes the leadership teams of the two companies for the spin-off.
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Further, Kraft also announces the composition of the boards of directors for the two independent companies that will be launched at the spin-off of its North American grocery business, targeted for Oct. 1, 2012.
via Kraft Names EVP; Reorganizes for Spin-Off | News | Consumer Goods Technology.