Kraft Foods will have a new executive vice president and CFO starting October 1 of this year. Timothy McLevish will succeed James Dollive, who will be retiring after a 29-year career with Kraft. Congrats Timothy!

Mr McLevish joins Kraft from Ingersoll-Rand Company, where he has been senior vice president and CFO since 2002.

Irene Rosenfeld, Kraft chairman and CEO, said: “Tim is an exceptional executive who combines a distinguished career in finance, accounting and public company governance with experience in line management, strategic planning and mergers and acquisitions. He is a seasoned CFO, with an impressive track record of leading financial operations for global companies with diversified portfolios. Tim’s extensive experience in driving outstanding shareholder returns and in communicating with investors will be invaluable as we capitalize on our opportunities as an independent company and restore Kraft to reliable growth.”