Roger Carr announced on Wednesday his intention to stand down as Chairman of Cadbury following Kraft Foods’ decision to declare its offer for Cadbury unconditional.
Commenting on his decision, Roger Carr said:
“It has been my great pleasure and privilege to chair Cadbury for the past two years, and I would like to thank Todd Stitzer, my fellow Board members and indeed all of my Cadbury colleagues for their valuable support and commitment in taking this great company forward in that period.
“Together we have fought an excellent defence campaign and delivered substantial value to Cadbury shareholders. In handing over to Irene Rosenfeld I wish her the very best as she takes on responsibility for continuing to build and develop what is indisputably one of the world’s greatest brands.”
The effective date of Roger Carr’s resignation from the Board is still to be determined.