UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 29, 2007
KRAFT FOODS INC.
(Exact name of registrant as specified in its charter)
Virginia |
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001-16483 |
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52-2284372 |
(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
of incorporation) |
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File Number) |
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Identification No.) |
Three Lakes Drive, Northfield, Illinois |
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60093-2753 |
(Address of Principal executive offices) |
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(Zip Code) |
Registrants Telephone number, including area code: (847) 646-2000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
On January 29, 2007, the Board of Directors of Kraft Foods Inc. (Kraft) elected Ajay Banga, to serve on its Board of Directors, effective immediately. Mr. Banga was elected to serve on the Compensation Committee and on the Nominating and Governance Committee of the Board.
There is no arrangement or understanding pursuant to which Mr. Banga was selected as a director, and Mr. Banga does not have any relationship or related transaction with Kraft that would require disclosure pursuant to Item 404(a) of Securities and Exchange Commission Regulation S-K.
A copy of the press release announcing Mr. Bangas election is attached as Exhibit 99.1 to this Current Report on Form 8-K.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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KRAFT FOODS INC. |
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/s/ CAROL J. WARD |
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Name: |
Carol J. Ward |
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Title: |
Vice President and Corporate Secretary |
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Date: January 29, 2007
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EXHIBIT INDEX
Exhibit |
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Number |
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Description |
99.1 |
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Press Release dated January 29, 2007 Ajay Banga |
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Exhibit 99.1
FOR IMMEDIATE RELEASE
JANUARY 29, 2007
Contacts: |
Charlie Simpson (Media) |
Christopher Jakubik (Investors) |
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847-646-4538 |
847-646-5494 |
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charles.simpson@kraft.com |
chris.jakubik@kraft.com |
NORTHFIELD, Ill. Jan. 29, 2007 Kraft Foods Inc. (NYSE: KFT), a global leader in food and beverages, today announced the election of Ajay Banga to its Board of Directors. With the addition of Mr. Banga, the companys Board increases from nine Directors to 10, six of whom are not employees of either Kraft or Altria Group, Inc.
Mr. Banga, 47, is Chairman and Chief Executive Officer of Citigroups Global Consumer Group International businesses, a position he has held since August 2005. He previously served as an Executive Vice President of Citigroups Global Consumer Group and President of Citigroups Retail Banking North America. Since joining Citigroup in 1996, Mr. Banga also has worked as business head for CitiFinancial and the U.S. Consumer Assets Division, and as division executive for the consumer bank in Central/Eastern Europe, Middle East, Africa and India.
Mr. Banga began his business career as a management trainee with Nestlé in 1981. He spent the next 13 years in a variety of assignments spanning sales, marketing and general management. He later joined PepsiCo in its Restaurants Division and was instrumental in the launch of Pizza Hut and KFC in India.
I am very pleased to welcome Ajay Banga to our Board of Directors, said Kraft Chairman Louis C. Camilleri. His expertise in global business and the consumer packaged goods industry will be of significant value to Kraft as we work to accelerate our growth.
more
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Add One Ajay Banga Elected to Kraft Board
Mr. Banga is an alumnus of the Indian Institute of Management in Ahmedabad, India. He is a member of the Financial Services Roundtable and the board of trustees of the National Urban League, and vice-chairman of the board of trustees of the New York Hall of Science.
About Kraft Foods
Kraft Foods (NYSE:KFT) is one of the worlds largest food and beverage companies. For more than 100 years, weve offered consumers delicious and wholesome foods that fit the way they live. Millions of times a day, in more than 150 countries, consumers reach for their favorite Kraft brands. Whether its breakfast, lunch, dinner or a snack, consumers at home and on the go choose: Kraft cheeses, dinners and dressings; Oscar Mayer meats, DiGiorno pizzas, Oreo cookies, Ritz crackers and chips, Philadelphia cream cheese, Milka and Cote dOr chocolates, Planters nuts, Honey Bunches of Oats cereals, Jacobs, Gevalia and Maxwell House coffees; Capri Sun, Crystal Light and Tang refreshment beverages; and a growing range of South Beach Diet and better-for-you Sensible Solution options.
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