kraft foods group inc (KRFT) Snapshot

On June 14, 2013, Kraft Foods Group, Inc. announced plans to create two new, standalone business units: Meals and Desserts, and Enhancers and Snack Nuts. The company also announced that Michael Osanloo will serve as Executive Vice President and President, Meals and Desserts, and Jane Hilk will serve as Executive Vice President and President, Enhancers and Snack Nuts. The new business structures and related leadership appointments are effective July 1, 2013. The leaders of the new business units will report directly to CEO Tony Vernon. Michael Osanloo, Executive Vice President and President, Meals and Desserts. He is urrently Executive Vice President and President of Kraft's Grocery business unit. Jane Hilk, Executive Vice President and President, Enhancers and Snack Nuts. Jane is a 22-year veteran at Kraft who currently serves as Senior Vice President of Marketing for Oscar Mayer.

Kraft Foods Group announced plans to create two new, standalone business units: Meals and Desserts, and Enhancers and Snack Nuts. With the creation of these new business units, the company will be able to place even greater focus on brand-building while reducing the complexity of managing a portfolio with many distinct brands and product categories. The new business structures and leadership appointments are effective July 1. The business units are being created by dividing the brands in the company's Grocery segment into two standalone business units. Categories and brands that have natural synergies like Cool Whip and JELL-O will remain together. The Planters brand will benefit from having the snack nuts and peanut butter categories managed under one leadership structure. The business units are being created by dividing the brands in the company's Grocery segment into two standalone business units. Categories and brands that have natural synergies like Cool Whip and JELL-O will remain together. The Planters brand will benefit from having the snack nuts and peanut butter categories managed under one leadership structure. The business units will include many of Kraft's leading brands: Meals and Desserts, Cool Whip whipped topping, Jet-Puffed marshmallows, JELL-O dry packaged and ready-to-eat desserts, Kraft Mac & Cheese dinner, Shake 'N Bake coatings, Stove Top stuffing mix and Velveeta dinners and meal kits, Enhancers and Snack Nuts, A.1. steak sauce, Grey Poupon premium mustards, Kraft and Bulls-Eye barbecue sauces, Kraft and Good Seasons dressings, Kraft and Miracle Whip spoonable dressings and Planters nuts, trail mixes and peanut butters. Seasoned Leaders at the Ready: The leaders of the new business units will report directly to CEO Tony Vernon: Michael Osanloo, Executive Vice President and President, Meals and Desserts. Jane Hilk, Executive Vice President and President, Enhancers and Snack Nuts.

Kraft Foods Group, Inc. board of directors has declared a regular quarterly dividend of $0.50 per share of common stock. This dividend is payable on July 12, 2013 to shareholders of record as of June 28, 2013.