Kraft 2008 Annual Report Download - page 12

Franz - Josef H. Vogelsang, 57, was appointed as Executive Vice President, Global Supply Chain in January 2004. Prior to that role, he served as Senior Vice
President, Operations, Procurement and Supply Chain for Kraft Foods International since 1998. Mr. Vogelsang retired from Kraft on January 1, 2008.
We adopted The Kraft Foods Code of Conduct for Compliance and Integrity, which qualifies as a code of ethics under Item 406 of Regulation S-K. The code
applies to all of our employees, including our principal executive officer, principal financial officer, principal accounting officer or controller, and persons
performing similar functions. Our code of ethics is available free of charge on our website at http://www.kraft.com/assets/pdf/KraftFoods_CodeofConduct.pdf
and will be provided free of charge to any stockholder submitting a written request to: Corporate Secretary, Kraft Foods Inc., Three Lakes Drive, Northfield, IL
60093. We will disclose any waiver we grant to our principal executive officer, principal financial officer, principal accounting officer or controller under our
code of ethics, or certain amendments to the code of ethics, on our website at www.kraft.com.
In addition, we adopted Corporate Governance Guidelines, charters for each of the Board’s four standing committees and the Code of Business Conduct and
Ethics for Directors. All of these materials are available on our website at www.kraft.com and will be provided free of charge to any stockholder requesting a
copy by writing to: Corporate Secretary, Kraft Foods Inc., Three Lakes Drive, Northfield, IL 60093. Certain of these materials may also be found in the proxy
statement relating to our 2008 Annual Meeting of Shareholders.
Available Information
Our Internet address is www.kraft.com. Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to
those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, are available free of charge as soon as
possible after we electronically file them with, or furnish them to, the SEC. You can access our filings with the SEC by visiting
http://www.kraft.com/Investor/sec-filings-annual-report/. The information on our website is not, and shall not be deemed to be, a part of this Annual Report on
Form 10-K or incorporated into any other filings we make with the SEC.
You can also read and copy any document that we file, including this Annual Report on Form 10-K, at the SEC’s Public Reference Room at 100 F Street, N.E.,
Washington, D.C. 20549. Call the SEC at 1-800-SEC-0330 for information on the operation of the Public Reference Room. In addition, the SEC maintains an
Internet site at www.sec.gov that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the
SEC. You can electronically access our SEC filings there.
Forward-Looking Statements
This report contains forward-looking statements regarding our expectation that there will be an adequate supply of the raw materials we use and that they are
generally available from numerous sources; that our relationships with our employees and their representative organizations are good; with regard to our intent to
merge our Post cereals business with Ralcorp, the closing date and that closing is subject to customary closing conditions, the number of employees we anticipate
will join Ralcorp, the amount of Ralcorp stock our shareholders will own, that the transaction is expected to be tax-free to our U.S. shareholders, the effects
depending on whether we determine to do a spin-off or a split-off and the amount of cash we will receive; with regard to the Danone global biscuit business that
we plan to build profitable scale by expanding distribution reach in countries with rapidly growing demand; our plan to contain administrative overhead while
investing in quality, R&D, marketing , sales and other capabilities that support growth; the amount we will spend on quality upgrades in 2008; with regard to our
Restructuring Program, our pre-tax charges, the number of facilities we intend to close and the number of positions we will eliminate, the use of cash to pay
approximately $1.7 billion of the charges and the amount of cumulative and annualized savings; with regard to implementing our new operating structure, the
intent to simplify, streamline and increase accountability to generate reliable growth for Kraft and the number of positions we are eliminating; the number of
positions we will eliminate in connection with severance initiatives; our belief that the ultimate resolution of existing environmental remediation actions and our
compliance with environmental laws and regulations will not have a material effect on our financial results; that the assumptions we use in recording our pension
and postretirement plan obligations are reasonable; our health care cost trend rate assumption; the date we intend to adopt the measurement provisions of SFAS
No. 158 and that it will not have a significant impact; our anticipated decrease in 2008 pre-tax U.S. and non-U.S. pension and postretirement expense and that our
assumptions will not change further; our belief regarding our liquidity; our growth strategy regarding acquisitions and divestitures; our expectation for, and how
we intend to fund, 2008 capital expenditures; our intent to repay borrowings under
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Source: KRAFT FOODS INC, 10-K, February 25, 2008 Powered by Morningstar® Document Research℠