Kraft Foods Group announced Teri List-Stoll has joined the company as senior vice president of finance and will succeed current chief financial officer (CFO) Timothy McLevish in the first quarter of 2014.
List-Stoll worked for nearly 20 years at Procter & Gamble, most recently as the senior vice president and treasurer. Prior to joining P&G, List-Stoll was a fellow with the Financial Accounting Standards Board and spent six years at Deloitte & Touche. She is also a board and audit committee member of Danaher Corp. and a founding member of the Corporate Women's Executive Forum.
In her role as senior vice president of finance, List-Stoll will initially oversee Kraft's business unit finance teams. She'll also work alongside McLevish to ensure an orderly transition of CFO duties.
"Teri's financial expertise and deep experience at a consumer- and brand-focused company make her the right choice for our next CFO," said Kraft chief executive officer Tony Vernon, in a prepared statement. "We'll benefit from her deep commitment to operational excellence and her track record of innovation in company-wide productivity initiatives. Plus, Teri's energy, inclusive leadership style and success in developing people are a perfect match for our new culture."
The company plans to formally transition the CFO role from McLevish to List-Stoll in the first quarter of 2014, according to the press release.