Kraft Foods (krft) Stock Climbs Today Following Ceo Shakeup

NEW YORK (TheStreet) -- Kraft Foods shares are up 4.9% to $62.46 on heavy volume in trading on Thursday after the packaged food manufacturer announced the appointment of company chairman John Cahill as the new chief executive. Cahill will succeed Tony Vernon as the company's CEO, a position Vernon has held since the company was spun off from Mondelez International in October 2012.

 

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