Osanloo Brings Exceptional Strategic CPG Expertise to Kraft

NORTHFIELD, Ill.--(BUSINESS WIRE)--March 12, 2008--Kraft Foods Inc. (NYSE:KFT) announced today that Michael Osanloo will join the company as Executive Vice President, Strategy in mid-April. In this role, he will be responsible for Kraft's portfolio strategy and assisting the business units in identifying strategic opportunities that will drive profitable growth.

Osanloo worked most recently at Harrah's Entertainment, where he held a variety of senior strategic and marketing roles. Prior to that, he was a partner in the retail and consumer products practice at Bain & Company, where he helped improve the effectiveness of strategic, operational and marketing programs at various multibillion-dollar companies.

"Michael brings a terrific mix of planning and operating experience to this new role," said Irene Rosenfeld, Kraft Chairman and CEO. "As we implement our growth strategy, I'm confident that Michael's expertise will help accelerate Kraft's growth." Osanloo will report to Rosenfeld and become a member of the Kraft Executive Team, based in Northfield.

Osanloo holds an MBA from the University of Chicago, a juris doctor degree from the University of Illinois College of Law and a bachelor's degree in economics from the University of Michigan.

Kraft Foods (NYSE: KFT) is one of the world's largest food and beverage companies, with 2007 revenues of more than $37 billion. For more than 100 years, Kraft has offered consumers delicious and wholesome foods that fit the way they live. Kraft markets a broad portfolio of iconic brands in more than 150 countries, including nine brands with revenues exceeding $1 billion: Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Maxwell House coffee; Nabisco cookies and crackers and its Oreo brand; Jacobs coffees, Milka chocolates and LU biscuits. Kraft is listed in the Standard & Poor's 100 and 500 indexes. The company is a member of the Dow Jones Sustainability Index and the Ethibel Sustainability Index. For more information, visit the company's web site at www.kraft.com.

CONTACT: Kraft Foods Inc.
Media
Michael Mitchell
847-646-4538
Cec@kraft.com
or
Investors
Chris Jakubik
847-646-5494
Chris.Jakubik@kraft.com

SOURCE: Kraft Foods Inc.