Morning Coffee Dec 06 2011

Kraft Goes Inside for New Execs

By damian ghigliotty

Kraft has finalized its search for someone to lead its grocery business when the company splits by the end of next year. And the winner is: Anthony Vernon, executive vice president of Kraft's North America business, The Wall Street Journal reported.

Vernon, 55, joined Kraft in his current position in 2009 following a 23-year stint at Johnson & Johnson. As expected, Kraft's chief executive, Irene Rosenfeld, 58, will take over as chief executive of the new global snacks company. FINS predicted last summer that Vernon was a likely candidate for the grocery job.

In early October, Kraft hired the executive search firm Heidrick & Struggles to find external candidates to fill the chief executive role for the North America grocery business. But in the end, Kraft's final picks for both positions came from within. Heidrick & Struggles declined to comment on their involvement in the search.

Related: Who Will be the Next Kraft King?

Sales Buzz

Talbots Replacing CEO (FINS via WSJ)

Talbots Chief Executive Trudy Sullivan announced plans to retire once her successor is found.

Esprit CFO Out (Bloomberg)

Chew Fook Aun, chief financial officer of the Hong Kong-based retailer, is quitting for personal reasons. Esprit, which said in September that its brand had "lost its soul," is facing declining sales.

Preparing for the Worst (WSJ)

Yahoo is preparing for an exodus among its current employees following this year's holiday bonuses.

Marketing Buzz

Leaving Madison Ave (Media Decoder)

The WPP subsidiary Y&R is ending its lease at 285 Madison Avenue, which is owned by WPP, and moving to 3 Columbus Circle near the Time Warner Center. WPP intends to sell the building after Y&R relocates.

Fielding Listener Feedback (NYT)

NPR's new president and chief executive, Gary Knell, has been listening to the demands of listeners and has already gotten an earful.

Musical Chairs (WSJ)

Edgar Bronfman Jr. said he will step down as chairman of Warner Music Group on Jan. 31. Warner has been controlled by Russian-born billionaire Len Blavatnik s ince May.

Buzz Around the Office

Kindergarten Punk Rock (YouTube)

There's nothing more endearing than a room full of toddlers singing the Ramones.

List of the Day: Top Jobs for Travel Lovers

If you're feeling a bit grounded in your current career path, consider some of these travel-heavy jobs:

1. Wine Importer

2. Foreign Tour Leader

3. Humanitarian Aid Worker

(Source: AOL Jobs)

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