Top 3 Cadbury officials to step down
From AP News | 2010-02-03 16:46:13
<div id="subtitle">Cadbury chairman, CEO, CFO announce decision to step down following Kraft takeover</div><div><p>Three top officials at Cadbury PLC have announced their intention to step down, after the British candy maker's shareholders approved Kraft Foods Inc.'s roughly $19.5 billion offer to acquire the company.</p><p>Todd Stitzer leaves his post as chief executive officer, following a 27-year career at the company, Cadbury said. Chief Financial Officer Andrew Bonfield, who joined the company last year, and Chairman Roger Carr also said they were resigning.</p><p>The effective date of the three men's resignation has not been determined, Cadbury said Wednesday.</p><p>Kraft announced Tuesday that nearly 72 percent of Cadbury shareholders voted in support of the deal — the final step in creating a merged global food giant.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68387912&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.ap.org">AP News</a></div></div>
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