December 17, 2003
Kraft Co-CEO Betsy Holden Demoted After Setbacks
Betsy Holden, under fire for months as Kraft Foods Inc. struggled through a down period, lost her job as co-chief executive when the food and beverage giant abandoned its dual CEO structure and left Roger Deromedi in charge.Posted by Timothy Fredel at December 17, 2003 11:09 AM | TrackBack...
American consumers' increased health concerns have put packaged food companies under pressure recently. Worries about the artery clogger "trans fat," rising obesity and the trend toward low-carbohydrate, high-protein diets have hurt sales of cookies and some other packaged foods.
Related Categories: Industry - Food | Theme - 'Obesity Epidemic'
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