Cadbury Chairman, CEO and CFO to stand down

LONDON | Wed Feb 3, 2010 11:09am EST

LONDON (Reuters) - The chairman, chief executive and finance officer of Cadbury said on Wednesday they would stand down after rival Kraft Foods finally won control of the British 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 defense.

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

"I wish (Kraft CEO) Irene Rosenfeld and her team every success in taking Cadbury and its brands forward," Stitzer said in a statement.

"They have pledged they will do their utmost to preserve Cadbury's unique performance-driven, values-led heritage, and I urge all my colleagues to do their utmost to help them in this special task."

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

(Reporting by Kate Holton, editing by Will Waterman)

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