3 February 2010
Todd Stitzer, Andrew Bonfield to Step down
from Cadbury Board
Todd Stitzer announced on Wednesday his intention to stand down as Chief
Executive Officer of Cadbury following a 27-year career at the company. Andrew
Bonfield also announced his intention to step down as Chief Financial Officer.
Commenting on his decision, Todd said:
"It has been my honour and privilege to lead this wonderful company for the
past seven years. By any set of business standards we have achieved great
things. Equally importantly, we have given 21st century meaning to George
Cadbury's 19th century principle that `doing good is good for business'.
"I would like to offer my heartfelt thanks to every one of my 45,000 colleagues
for the support they have given me, and for the passion and energy they have
shown in making Cadbury the finest confectioner in the world. I wish all the
best of everything to each of you.
"I wish Irene Rosenfeld and her team every success in taking Cadbury and its
brands forward. They have pledged they will do their utmost to preserve
Cadbury's unique performance driven, values led heritage, and I urge all my
colleagues to do their utmost to help them in this special task.
"The past few months have been an intense and difficult time and I would also
like to thank all those who helped show the true value of Cadbury through a
spirited bid defence. I will now be taking some time out with my family to
consider my future options, but you can be sure my heart will always be a deep
Cadbury purple."
The effective date of Todd's resignation from the Board is still to be
determined.
Andrew Bonfield said:
"My time at Cadbury has been too brief, but I've enjoyed every minute and I'd
like to thank all of my colleagues who make this such a special place to work.
Cadbury is in great shape operationally and financially and will be a huge
asset to Kraft Foods. I wish all of my colleagues the very best."
Andrew joined Cadbury in February 2009. The effective date of his resignation
from the Board is still to be determined.
Ends
For Further Information:
Cadbury plc +44 1895 615000
http://www.cadbury.com
Capital Market Enquiries +44 1895 615124
John Dawson, Michelle Rees and Basak Kotler
Media Enquiries
Cadbury +44 1895 615011
Trevor Datson
Finsbury +44 20 7251 3801
Rollo Head
About Cadbury
Cadbury is one of the world's largest confectionery businesses with number one
or number two positions in over 20 of the world's 50 biggest confectionery
markets. It also has the largest and most broadly spread emerging markets
business of any confectionery company. With origins stretching back nearly 200
years, Cadbury's brands include many global, regional and local favourites
including Cadbury Dairy Milk, Flake, Creme Egg and Green & Black's in
chocolate; Trident, Dentyne, Hollywood and Bubbaloo in gum; and Halls, Cadbury
Eclairs, Bassett's and The Natural Confectionery Co. in candy.
Registered in England and Wales, no. 52457. Registered address: Cadbury House,
Sanderson Road, Uxbridge, Middlesex UB8 1DH