Roger Deromedi

Definition of 'Roger Deromedi'


A former CEO of Kraft Foods. Deromedi joined Kraft in 1988 as vice president of corporate development. After working his way up through the company and leading and expanding the company's international divisions, he became president and co-CEO (along with Betsy Holden) in 2001. The pair helped the company go public. As Kraft lost market share amidst Americans' concerns about nutrition, Holden was demoted in 2003, making Deromedi the only CEO until his sudden replacement in 2006.

Investopedia explains 'Roger Deromedi'


Born in California in 1953, Deromedi earned his M.B.A. from the Stanford Graduate School of Business and began his career with General Foods in 1977. He has also served as chairman of Pinnacle Foods, a dry and frozen packaged foods company.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
Trading Center