Will Kraft relieve Cadbury CFO of duties?

Cadbury CFO, Andrew Bonfield

What will happen to Cadbury chief financial officer Andrew
Bonfield now that Kraft has sealed the deal to buy the business? Financial
Director reckons he may be finding himself without a position as Kraft CFO
Timothy McLevish absorbs his responsibilities.

The iconic confectionary company’s acquisition by the Dairylea-to-Oreo’s
business puts Bonfield squarely in the ‘potential layoffs’ spotlight because it
is likely that the combined business won’t require two CFOs and will put Kraft’s
finance head McLevish in charge.

Bonfield, who says his favourite Cadbury products are Dairy Milk and
sugar-free Cherry Halls, only started the job last February so he might be
feeling a little cheesed off – though he will probably find another opportunity
given his experience. He joined from US-based pharmaceutical giant Bristol
Myers-Squibb where he had been CFO for seven years and was previously CFO at
SmithKline Beecham for three years, joining in 1998.
Asked what might happen to Bonfield, a spokesperson for Cadbury’s told
Financial Director: “Ask Kraft.”

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