Todd Stitzer, the chief executive of Cadbury, is to leave the company within weeks with £20m in cash and shares after Irene Rosenfeld, Kraft's chairman and chief executive, swung the axe at the British chocolate company's top three executives.
Less than 24 hours after Kraft gained control of Cadbury, it was announced that Roger Carr, the chairman of Cadbury, and Andrew Bonfield, the chief financial officer, would join Mr Stitzer in stepping down after selling the 189-year-old British confectioner to Kraft Foods for £11.4bn, writes the Times. Full story...
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