March 2007 Issue

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News

  • Altria to spin off its stake in Kraft this month

    Following a year or more of speculation, Altria Group Inc., the New York-based holding company that owns both Kraft Foods Inc. and cigarette-maker Philip Morris, said it would spin off its 89 percent stake in Kraft to its shareholders on March 30.

  • More new chiefs: Cargill, ADM, McCormick, IBC

    Last month we reported an unusually large number of new execs at food companies. The trend continued into late January and February, including new chairman for two multi-billion-dollar agribusinesses.