Philip Morris Picks A Non Marlboro Man
Philip Morris announced on Mar. 27 that its new chairman will be someone who rose through the food side of the company, not the tobacco side. On Sept. 1, Michael Miles will take over the $51 billion tobacco, food, and beer colossus from retiring Chairman Hamish Maxwell. Miles, 51, was set to move up to the top spot at Kraft until Philip Morris bought it in 1989. He has turned Kraft General Foods into an impressive success: KGF now kicks in 52% of Philip Morris' revenues and 32% of its operating profits.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- Germans Are Going Wild for a Show Set During the Dawn of the Nazis
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- U.S. Senate Adopts Budget, Giving Momentum to Trump's Tax-Cut Plans