More NewsKraft Foods Promotes David Brearton to CFO

Kraft Foods Promotes David Brearton to CFO

Kraft Foods, a global snacks firm, has announced that Timothy McLevish, executive vice president (EVP) and chief financial officer (CFO), will leave the company mid-year 2011 to pursue opportunities in general management. McLevish will be fully engaged in reporting the company’s first quarter financial results. He will officially shift his CFO responsibilities to David Brearton, currently EVP, operations, after the company files its first quarter financial statements.

Brearton began his career with the company in 1984 in his native Canada. He progressed through a series of senior finance roles, including as senior vice president (SVP), finance, Kraft Foods International, and as corporate controller.

Since that time, Brearton has led several functions, including: strategy; mergers and acquisitions (M&As), during the time Kraft Foods acquired the LU biscuit business; information systems, during the company’s ‘Catalyst’ SAP implementation; and most recently as the head of operations, overseeing the procurement, manufacturing, and customer service and logistics functions. Under Brearton’s leadership, the current Lean Six Sigma initiative began in North America. As a member of the Kraft executive team for the past six years, he worked to develop and execute the company’s long-term strategy.

As a board member of Feeding America, the nation’s leading hunger-relief organisation, Brearton supports Kraft Foods’ efforts to reduce hunger and malnutrition. He holds a bachelor of commerce degree from Queen’s University in Ontario, and is a certified management accountant (CMA).

The company has initiated an external search to fill Brearton’s current role as EVP, operations.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha