BusinessCompany NewsCadbury appoints new CFO

Cadbury appoints new CFO

Following a two month search the confectionery giant has named its new finance chief

Andrew Bonfield has left drug maker Bristol-Myers Squibb to become been chief
financial officer of confectionery giant Cadbury from February next year.

Bonfield was CFO at Bristol-Myers Squibb. Before that he was executive
director of finance at BG Group, the oil and gas exploration company, and CFO at
SmithKline Beecham, prior to its merger with Glaxo Wellcome, to form
GlaxoSmithKline.

‘I am very pleased to be joining Cadbury at an exciting time in the company’s
development,’ Bonfield said in a statement. ‘It has an outstanding portfolio of
chocolate, gum and candy brands, a broad developed and emerging market footprint
and a clear strategy to create shareholder value. I look forward to working
closely with Todd and the team to achieve their goals.’

In a trading statement today Cadbury said that ‘despite weakening economic
conditions in the fourth quarter, the group as a whole has performed in line
with expectations.’

Cadbury’s results for 2008 will be announced on 25 February.

Further Reading:

Overview:
who is going to replace Cadbury’s CFO

Chocs
away as Cadbury CFO announces resignation

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