Irene Rosenfeld, chairman and chief executive officer of Kraft Foods Inc., smiles during the Global Leaders Luncheon in Chicago, Illinois, U.S., on Wednesday, Oct. 26, 2011. Taxes on sugary drinks that France plans to implement aren't proven to benefit public health, Rosenfeld told Le Figaro in an interview. Photographer: Tim Boyle/Bloomberg via Getty ImagesPhoto by Tim Boyle/Bloomberg—Getty Images
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The global snack company boosted sales and profits by 1% and 28%, respectively, in 2013. But Rosenfeld, facing weak consumer spending and pressure from shareholder Nelson Peltz, plans to cut $1.5 billion in costs over the next four years.