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Crain's Chicago Business reports that Kraft Foods Group announced that "Chairman John Cahill will replace Tony Vernon as CEO next week, signaling that big changes may be ahead for the Northfield-based processed-food giant.

"The changes might include the sale of some of Kraft's big but slow-growing grocery-store brands, analysts said … The Kraft board praised Vernon for his work rejuvenating mature brands, launching new products and helping place the company on solid footing following the spin-off. But lead independent director Mackey McDonald said in a statement that the company would benefit from a fresh perspective 'to fulfill our potential as an industry leader. The board and Tony agree that we need to accelerate the pace of change'."
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