Irene Rosenfeld, chief executive officer of Kraft Foods, told CNBC’s “Squawk on the Street” that she expects strong future growth from the newly independent company.
“I am confident that we’ll be able to generate accelerated growth,” Rosenfeld said Monday. “We’re focused on reframing our categories to make them more contemporary, and to provide consumers with the food they need and love.”
On March 31, Altria Group spun off its interest in Kraft, or about 89% of Kraft’s outstanding stock, to Altria shareholders of record on March 16. Altria shareholders received 0.69 of a share of Kraft for each common share of Altria held.