The Chairman, CEO and CFO of UK-based confectioner Cadbury have all announced their intention to resign in the wake of Kraft’s successful takeover offer. The Board of Cadbury had been vehemently opposed to a Kraft deal up until a few weeks ago when a revised offer won their support and all three key managers wished the company well in the future. “It has been my great pleasure and privilege to chair Cadbury for the past two years, and I would like to thank Todd Stitzer, my fellow Board... ...Read more »

Cadbury chief executive Todd Stitzer has insisted that the UK confectioner’s investors “seem unimpressed” with Kraft Foods’ hostile bid after he visited shareholders on both sides of the Atlantic last week. Stitzer, who launched Cadbury’s formal defence to Kraft’s GBP10bn (US$16.08bn) bid last week in London, was in New York later in the week, addressing the Dairy Milk maker’s US investors. In an interview with Reuters, Stitzer said it appeared Cadbury’s... ...Read more »

Cadbury CEO Todd Stitzer again claimed the UK confectioner would thrive as an independent company yesterday (13 October), hailing the company’s “incredible momentum”.Stitzer used a grocery conference in London to reaffirm his belief that the Dairy Milk and Trident maker had a bright future on its own two feet, as he awaits a possible formal takeover offer from suitor Kraft Foods, the US food giant. Kraft, the maker of Milka and Toblerone chocolate, has until 9 November to table... ...Read more »

Cadbury chief executive Todd Stitzer overnight (16 September) defended the UK confectioner’s record, insisting the company had “delivered on its promises” and laid out its plans for further expansion. Nine days after Kraft Foods had gone public with a proposed GBP10.2bn (A$19.6bn) takeover of Cadbury, and following a week in which the US company had repeatedly outlined why the Dairy Milk maker faced a challenging future as an independent company, Stitzer insisted the UK firm could... ...Read more »