Newsline: Holden Removed From Shared Seat at Kraft
In what is being described as a surprisingly sudden shakeup, Kraft Foods, Northfield, Ill. has dispensed with its co-CEO formula, and cast off Betsy Holden, leaving Roger Deromedi at the helm.
Just two years ago, there were doubts as to whether Deromedi ever would solely lead Kraft, North America's largest food company. According to the Chicago Tribune, Holden, who shared the CEO title with Deromedi, was the front-runner to take the top job all by herself.