Cadbury PLC said on 3 February that three top officials will step down after the British candy maker’s shareholders approved Kraft Foods Inc.’s GBP11.9-billion (USD19.02-billion) takeover of the company.
CEO Todd Stitzer will be leaving his post after 27 years at the company, Cadbury said in a statement. CFO Andrew Bonfield, who joined the company last year, and Chairman Roger Carr have also resigned.
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(Source: The Wall Street Journal Online)