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Kraft Foods Group has appointed Teri List-Stoll senior vice president of finance; she will succeed current CFO Timothy McLevish in the first quarter of 2014.
List-Stoll has a wealth of consumer packaged goods experience, having worked for nearly 20 years at Procter & Gamble. Since 1994, she has held a number of finance leadership roles in business unit management, supply chain, sales, accounting, and financial planning and analysis. Most recently, she was senior vice president and treasurer.
Prior to joining P&G, List-Stoll was a fellow with the Financial Accounting Standards Board and spent six years at Deloitte & Touche, providing financial counsel to large multinational companies. She is also a board and audit committee member of Danaher Corporation and a founding member of the Corporate Women's Executive Forum.
"Teri's financial expertise and deep experience at a consumer- and brand-focused company make her the right choice for our next CFO," said Kraft CEO Tony Vernon. "We'll benefit from her deep commitment to operational excellence and her track record of innovation in company-wide productivity initiatives."
In her role as senior vice president of finance, List-Stoll will initially oversee Kraft's business unit finance teams. She'll also work alongside McLevish to ensure an orderly transition of CFO duties.
"We owe a big part of our success to Tim, who is an incredible partner in every way," Vernon said. "He's been instrumental in re-making Kraft, guiding us through a complex separation and establishing us as a stand-alone public company. Tim's lasting legacies will be his disciplined approach to cash management, push for process simplification, and drive to create long-term value for our shareholders."
Northfield, Ill.-based Kraft Foods Group, Inc. is one of North America's largest consumer packaged food and beverage companies with annual revenues of more than $18 billion.