Kraft Foods Inc. announced today that Tracey Belcourt will join the company as executive vice president, strategy, in September. Belcourt, 45, will lead the strategy function and mergers and acquisition activities for the global snacks company, Mondelez International, Inc., following the expected spin-off of Kraft's North American grocery business on Oct. 1, 2012. In this role, Belcourt will report to Chairman and CEO Irene Rosenfeld, with responsibility for evolving and implementing the company's growth strategy.
"Tracey is a highly accomplished corporate strategist with extensive background in consumer industries," said Rosenfeld in a prepared statement. "She has broad international work experience throughout Latin America, Europe, Asia and Africa. She joins us at an exciting time, as we chart the course for our new global snacks company."
Belcourt has been a partner at Bain & Co. in Toronto since 1999, leading teams that specialized in the design and implementation of growth strategies to improve business performance across a variety of consumer industries. She was an economic consultant to the U.S. Agency for International Development in Africa in 1999, and prior to that, served for five years as an assistant professor of economics at Concordia University in Montreal. Belcourt earned a master's degree and Ph.D. in economics from Queen's University in Canada and a bachelor's degree in mathematics and economics from the University of Alberta.
The announcement of Tracey, together with the recent announcement of Kim Rucker as general counsel of the future North America grocery company completes the leadership teams of the two companies for the spin-off.