Kraft 2014 Annual Report Download - page 10

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programs have substantial effects on prices and supplies and are subject to periodic governmental and administrative review.
Environmental Regulation
We are subject to various federal, provincial, state, and local laws and regulations in the United States and Canada relating to the
protection of the environment, including those governing discharges to air and water, the management and disposal of hazardous
materials, and the cleanup of contaminated sites.
These laws and regulations include the Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act, and the
Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”). CERCLA imposes joint and severable
liability on each potentially responsible party. As of December 27, 2014, we were involved in 56 active proceedings in the United
States under CERCLA (and other similar state actions and legislation) related to our current operations and certain closed, inactive,
or divested operations for which we retain liability. We do not currently expect these to have a material effect on our earnings or
financial condition.
As of December 27, 2014, we had accrued an amount we deemed appropriate for environmental remediation. 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 earnings or financial condition.
However, it is difficult to predict with certainty the potential impact of future compliance efforts and environmental remedial actions
and thus future costs associated with such matters may exceed current reserves.
Foreign Operations
We sell our products primarily to consumers in the United States and Canada, but also sell our products to many other countries
and territories across the globe. We generated approximately 13% of our 2014 consolidated net revenues and 14% of our 2013 and
2012 consolidated net revenues outside the United States, primarily in Canada. For additional information about our foreign
operations, see Note 15, Segment Reporting, to the consolidated financial statements.
Executive Officers of the Registrant
The following are our executive officers as of February 19, 2015:
(1) Ms. List-Stoll will be leaving this role effective February 28, 2015.
Mr. Cahill was appointed as our Chairman and Chief Executive Officer effective December 28, 2014. Mr. Cahill had served as our
non-executive Chairman from March 8, 2014 until this appointment. Prior to that, he served as our Executive Chairman since
October 1, 2012. He joined MondelƝz International, a food and beverage company and our former parent, on January 2, 2012 as
the Executive Chairman, North American Grocery, and served in that capacity until the Spin-Off. Prior to that, he served as an
Industrial Partner at Ripplewood Holdings LLC, a private equity firm, from 2008 to 2011. Mr. Cahill spent nine years with The Pepsi
Bottling Group, Inc., a beverage manufacturing company, most recently as Chairman and Chief Executive Officer from 2003 to
2006 and Executive Chairman until 2007. Mr. Cahill previously spent nine years with PepsiCo, Inc., a food and beverage company,
in a variety of leadership positions. He currently serves as lead director of American Airlines Group and is also a director at
Colgate-Palmolive Company.
Mr. El-Zoghbi has served as our Chief Operating Officer since February 10, 2015. He served as our Vice Chairman, Operations,
R&D, Sales and Strategy from June 2014 until assuming his current role. He previously served as Executive Vice President and
President, Cheese & Dairy and Exports from February 2013 until June 2014. Mr. El-Zoghbi served as Executive Vice President and
President, Cheese and Dairy from October 1, 2012 to February
6
Name Age Title
John T. Cahill 57 Chairman and Chief Executive Officer
Georges El-Zoghbi 48 Chief Operating Officer
Diane Johnson May 56 Executive Vice President, Human Resources
Christopher J. Kempczinski 46 Executive Vice President, Growth Initiatives and President of International
Teri L. List-Stoll 52 Executive Vice President and Chief Financial Officer
(1)
Kim K. W. Rucker
48
Executive Vice President, Corporate & Legal Affairs, General Counsel and
Corporate Secretary