Cadbury chiefs quit in wake of Kraft sale

THE chairman, chief executive and finance officer of Cadbury yesterday confirmed they would stand down after rival Kraft finally gained control of the UK confectioner.

Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield all wished Kraft well and thanked colleagues for their spirited bid defence.

The three said a date had not yet been decided for their departures.

Cadbury shareholders accepted the Kraft offer on Tuesday after a five-month bid battle.