Thursday, October 10, 2019
Kraft Foods Board of Directors Essay
ReviewÃ¯ ¼Å¡ Kraft Foods Inc. is a global snacks powerhouse with an unrivaled portfolio of brands people love. The Compensation Committee of the Board of Directors of Kraft Foods Group, Inc. will discharge the BoardÃ¢â¬â¢s responsibilities relating to compensation for executives and independent directors. In fulfilling its responsibilities, the Committee will have full access to all of KraftÃ¢â¬â¢s books, records, facilities and personnel. The Committee will also have the authority to conduct investigations and to retain independent counsel and advisers, as it determines necessary to carry out its duties and responsibilities, including sole authority to engage, retain, approve fees and other retention terms of, and terminate compensation consultants. Ã¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬â- HPÃ¢â¬â¢s Board of Directors Name/Title| Current Board Membership| Ralph V. Whitworth, 57Independent Non-Executive Chairman| Sovereign Bank, Na (pennsylvania), Hewlett-packard Co.| Meg Cushing Whitman, 57President, Chief Executive Officer & Director| Hewlett-packard Co., Zipcar, Inc., The Nature Conservancy, Inc., Teach For America, Inc., Zaarly, Inc., Procter & Gamble Co.| Marc L. Andreessen, 41Independent Director| Tinyco, Inc., Zend Technologies, Inc., Glam Media, Inc., Kno, Inc., Ebay, Inc., Stanford Hospital & Clinics, Hewlett-packard Co., Hewlett-packard Development Co. Lp, Facebook, Inc., Skype Sarl, Tidemark Systems, Inc.| Ann M. Livermore, 54Director| Hewlett-packard Co., United Parcel Service, Inc., Lucile Packard Childrens Hospital| Rajiv Lochan Gupta, 67Lead Independent Director| Hewlett-packard Co., Information Resources, Inc., Avantor Performance Materials, Inc., Stroz Friedberg Llc, The Vanguard Group, Inc., Delphi Automotive Llp, Affle Pte Ltd., Tyco International Ltd., The Conference Board, Inc., Delphi Automotive Plc| Shumeet Baner ji, 53Independent Director| Hewlett-packard Co.| Gary M. Reiner, 58Independent Director| Hewlett-packard Co., Box, Inc., Norwalk Health Services Corp., Appirio, Inc., The Norwalk Hospital Association| Patricia F. Russo, 60Independent Director| Alcoa, Inc., General Motors Co., Kkr Management Llc, Kkr & Co. Lp, Hewlett-packard Co., Merck & Co., Inc., The Partnership For A Drug-free America, Inc.| Ray J. Lane, 66Lead Independent Director| Alertenterprise, Inc., Spikesource, Inc., Virsa Systems, Inc., Visible Path Corp., Xsigo Systems, Inc., Elance, Inc., Hewlett-packard Co., Special Olympics, Inc., Greatpoint Energy, Inc., Ausra, Inc., Quest Software, Inc., Kenandy, Inc., Carnegie Mellon University, Enigma, Inc., Hara Software, Inc., West Virginia University, Luca Technologies, Inc., Think North America, Mevio, Inc.| ReviewÃ¯ ¼Å¡ HP announced changes to its board of directors. Raymond J. Lane has decided to step down as chairman of the board, to be replaced on an interim basis by Ralph V. Whitworth. The board is commencing a search for a permanent nonexecutive board chairman. In addition, John H. Hammergren and G. Kennedy Thompson, after eight and seven years of service to HP stockholders, respectively, have decided to leave the board. Both directors will continue to serve until the May board meeting. The board is commencing a search for two or more new independent directors. This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. Ã¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬â Ã¢â¬âÃ¢â¬âÃ¢â¬âÃ¢â¬â- MacyÃ¢â¬â¢s Board of Directors Name/Title| Current Board Membership| Terry J. Lundgren, 61Chairman, President & Chief Executive Officer| Macys, Inc., National Retail Federation, Procter & Gamble Co., The Partnership For New York City, Kraft Foods Group, Inc., Federal Reserve Bank Of New York| Steven F. Bollenbach, 70Independent Director| Time Warner, Inc., Ludwig Institute For Cancer Research Ltd., Los Angeles World Affairs Council, Mondelez International, Inc., Macys, Inc., Kb Home| Craig E. Weatherup, 67Independent Director| Macys, Inc., Starbucks Corp.| Sara L. Levinson, 62Independent Director| Macys, Inc., Harley-davidson, Inc., Cmi Marketing, Inc.| Joseph L. Neubauer, 71Independent Director| The Jewish Theological Seminary Of America, The Barnes Foundation, The University Of Chicago, Catalyst, Inc., Macys, Inc., Verizon Communications, Inc., Aramark Refreshment Services Llc, The Horatio Alger Association Of Distinguished Americans, Aramark Holdings Corp.| Paul C. Varga, 49Independent Director| Brown-forman Corp., Macys, Inc.| Marna Cupp Whittingt on, 65Independent Director| Macys, Inc., Oaktree Capital Group Llc, Phillips 66| Meyer Feldberg, 71Independent Director| New York City Ballet, Inc., Managed High Yield Plus Fund, Inc., Global High Income Fund, Inc., Macys, Inc., Revlon, Inc., Strategic Global Income Fund, Inc.| Deirdre P. Connelly, 52Independent Director| Pharmaceutical Research & Manufacturers Of America, Macys, Inc., Human Genome Sciences, Inc.| Joyce M. RochÃ ©, 66Independent Director| Dr. Pepper Snapple Group, Inc., Tupperware Brands Corp., Macys, Inc., Association Of Governing Boards Of Universities & Colleges, Dillard University, At&t, Inc.| Review: Managing a nation-wide retail business requires a team of committed, talented and experienced executives. MacyÃ¢â¬â¢s stores and direct-to-customer business compete with many retailing formats in the geographic areas in which they operate, including department stores, specialty stores, general merchandise stores, off-price and discount stores, new and established forms of home shopping (including the Internet, mail order catalogs and television) and manufacturersÃ¢â¬â¢ outlets, among others. In addition to competing with these other retailers for customers, MacyÃ¢â¬â¢s also must compete very aggressively for executive talent. These talented executives are accountable for the performance of the business units they manage and are compensated based on that performance.