Kraft 2009 Annual Report Download - page 11

All of our non-U.S. based operations are subject to local and national regulations, some of which are similar to those applicable to our U.S.
operations. For example, in the European Union, we must comply with requirements that apply to labeling, packaging, food content, pricing,
marketing and advertising and related areas.
Environmental Regulation
We are subject to various federal, state and local laws in the U.S. and laws and regulations outside of the U.S. relating to the protection of the
environment. We accrue for environmental remediation obligations on an undiscounted basis when amounts are probable and can be reasonably
estimated. The accruals are adjusted as new information develops or circumstances change. Recoveries of environmental remediation costs from
third parties are recorded as assets when recovery of those costs is deemed probable. In the U.S., the laws and regulations include the Clean Air
Act 1990, the Clean Water Act 1972, the Resource Conservation and Recovery Act 1976 and Superfund (the environmental program established
to address abandoned hazardous waste sites), which imposes joint and severable liability on each responsible party. At December 31, 2009, our
subsidiaries were involved in 71 active actions in the U.S. under Superfund legislation (and other similar actions) related to current operations and
certain former or divested operations for which we retain liability.
Outside the U.S., we are subject to applicable multi-national, national and local environmental laws and regulations in the countries in which we do
business. Outside the U.S., we have specific programs across our business units designed to meet applicable environmental compliance
requirements.
Based on information currently available, we believe that the ultimate resolution of existing environmental remediation actions and our compliance
in general with environmental laws and regulations will not have a material effect on our financial results. However, we cannot quantify with
certainty the potential impact of future compliance efforts and environmental remediation actions.
Employees
At December 31, 2009, we employed approximately 97,000 people worldwide. Labor unions represent approximately 26% of our 40,000 U.S.
employees. Most of the unionized workers at our U.S. locations are represented under contracts with the Bakery, Confectionery, Tobacco Workers
and Grain Millers International Union; the United Food and Commercial Workers International Union; and the International Brotherhood of
Teamsters. These contracts expire at various times throughout the next several years. Outside the U.S., labor unions or workers’ councils
represent approximately 60% of our 57,000 employees. Our business units are subject to various laws and regulations relating to their
relationships with their employees. These laws and regulations are specific to the location of each business unit. In addition, in accordance with
European Union requirements, we have established a European Works Council composed of management and elected members of our
workforce. We believe that our relationships with employees and their representative organizations are good.
In 2008, we completed our five-year restructuring program. As part of the program, we announced the elimination of approximately 18,600
positions. As of December 31, 2009, we had eliminated approximately 17,300 of those positions.
Executive Officers of the Registrant
The following were our executive officers on February 25, 2010:
Name Age Title
Irene B. Rosenfeld 56 Chairman and Chief Executive Officer
David A. Brearton 49 Executive Vice President, Operations and Business Services
Michael A. Clarke 45 Executive Vice President and President, Kraft Foods Europe
Marc S. Firestone 50 Executive Vice President, Corporate and Legal Affairs and General Counsel
Sanjay Khosla 58 Executive Vice President and President, Kraft Foods International
Karen J. May 51 Executive Vice President, Global Human Resources
Timothy R. McLevish 54 Executive Vice President and Chief Financial Officer
Michael Osanloo 43 Executive Vice President, Strategy
Jean E. Spence 52 Executive Vice President, Research, Development and Quality
W. Anthony Vernon 54 Executive Vice President and President, Kraft Foods North America
Mary Beth West 47 Executive Vice President and Chief Marketing Officer
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Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠