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Kraft taps Clarke, former Coca-Cola exec, to head European operations

BY Jenna Duncan

ZURICH, Switzerland Kraft Foods has names Michael Clarke to leads its European division as president, reports said Monday.

Clarke has served as an executive for Coca-Cola Co. for more than a decade. His most recent title was president of the Coca-Cola Northwest Europe, Nordics business unit.

At Kraft, Clarke will oversee the Kraft Europe operation and report to Irene Rosenfeld, Kraft chairman and chief executive officer. The position of president has been vacant since this summer.

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Tops plans store renovations; considers opening seven to 10 new stores

BY Jenna Duncan

BUFFALO, N.Y. Tops Markets announced this week that it may add seven to 10 stores to its roster and also may overhaul existing stores with a $150 million renovation plan.

Tops has said that its plans for renovations are part of a strategy to strengthen competition as the nation’s leading U.S. grocery chain. The renovation plans would be applied to 60 of the 76 Tops stores and would take about five years to complete, the company said. Tops also said that new stores would be located in Rochester, Buffalo and New York City, New York.

The Tops network of grocery stores was acquired last year from Royal Ahold by Morgan Stanley Private Equity for $310 million.

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Delhaize makes Stefan Descheemaeker new CFO

BY Melissa Valliant

BRUSSELS, Belgium Major food retailer Delhaize last week announced the hiring of Stefan Descheemaeker as its new CFO, effective Jan. 5.

Forty-eight-year-old Descheemaeker previously worked for Anheuser-Busch InBev, the world’s largest brewer, spending the past 12 years witnessing its growth. Initially known as Interbrew when Descheemaeker joined the company in 1996, the brewer has only recently become Anheuser-Busch Inbev. It merged with Brazil’s AmBev in 2004 and bought Anheuser-Busch this year.

Pierre-Olivier Beckers, Delhaize’s president and chief executive officer, expects Descheemaeker’s experience in Europe and North America to benefit the company. Descheemaeker will be replacing Craig Owens, who left Delhaize in September.

 

“Stefan’s leadership and drive are outstanding. He has large general management experience on both sides of the Atlantic and extensive financial know-how,” Beckers said.

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