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Kraft Foods to create two new business units

Kraft Foods announced plans to create two new, standalone business units: Meals and Desserts, and Enhancers and Snack Nuts. The business units are being created by dividing the brands in the company's Grocery segment into two standalone business units, allowing the company to place greater focus on brand-building while reducing the complexity of managing its portfolio, Kraft said. Michael Osanloo, currently EVP and President of Kraft's Grocery business unit, will be EVP and President, Meals and Desserts, and Jane Hilk, who currently serves as SVP of Marketing for Oscar Mayer, will be EVP and President, Enhancers and Snack Nuts. The new business structures and leadership appointments are effective July 1.