Sept. 18--Kraft Foods said Wednesday the president of its Oscar Mayer unit is leaving the company early next year and will be replaced by a company insider.
Nick Meriggioli, who has been with Oscar Mayer since 1987, spent the last seven years in Madison, Wis., as president.
In a statement, the company said in a statement that "Nick and his family have such strong ties to the Madison community that other opportunities at Kraft were not a possibility for him."
Sam Rovit, Kraft's executive vice president of strategy, will succeed him at Oscar Mayer.
"As Kraft's head of strategy, Rovit (was architect of) the separation of the former Kraft Foods Inc. into two standalone, public companies -- Kraft Foods Group and Mondelez International," Kraft said in a statement.
"Sam is an accomplished strategist with CEO experience in the meat industry," Kraft CEO Tony Vernon added. "He is a transformational thinker who has a unique ability to look at every aspect of the business, ask the hard questions and bring something new to the table."
Rovit joined Kraft in 2011 after two decades at Bain & Company, where he was a senior partner.
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