Roger Deromedi

AAA

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.

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Governance

    The system of rules, practices and processes by which a company ...
  3. Corporation

    A legal entity that is separate and distinct from its owners. ...
  4. Household Expenses

    A per person breakdown of general living expenses. It includes ...
  5. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
  6. Consumer Packaged Goods - CPG

    A type of good that is consumed every day by the average consumer. ...
Related Articles
  1. Evaluating The Board Of Directors
    Insurance

    Evaluating The Board Of Directors

  2. 22 Ways To Fight Rising Food Prices
    Budgeting

    22 Ways To Fight Rising Food Prices

  3. Evaluating A Company's Management
    Active Trading Fundamentals

    Evaluating A Company's Management

  4. Governance Pays
    Options & Futures

    Governance Pays

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center