Industry News | March 12, 2008

Kraft Gets New Executive VP of Strategy

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Kraft Foods Inc. (NYSE:KFT - News) announced today that Michael Osanloo will join the company as Executive Vice President, Strategy in mid-April. In this role, he will be responsible for Kraft’s portfolio strategy and assisting the business units in identifying strategic opportunities that will drive profitable growth.

Osanloo worked most recently at Harrah’s Entertainment, where he held a variety of senior strategic and marketing roles. Prior to that, he was a partner in the retail and consumer products practice at Bain & Company, where he helped improve the effectiveness of strategic, operational, and marketing programs at various multibillion-dollar companies.

“Michael brings a terrific mix of planning and operating experience to this new role,” says Irene Rosenfeld, Kraft Chairman and CEO. “As we implement our growth strategy, I’m confident that Michael’s expertise will help accelerate Kraft’s growth.” Osanloo will report to Rosenfeld and become a member of the Kraft Executive Team, based in Northfield.

Osanloo holds an MBA from the University of Chicago, a juris doctor degree from the University of Illinois College of Law and a bachelor’s degree in economics from the University of Michigan.