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Serial Changes at Kellogg’s

After the cereal maker swaps executive jobs, CFO John Bryant lands in the president's spot.
Kate PlourdJuly 23, 2007

In an effort to broaden the experience of its leaders, Kellogg Company is playing musical chairs with two executive vice presidents. The largest U.S. cereal and convenience food producer announced Monday that Chief Financial Officer John Bryant, who formerly headed the company’s international division, was appointed president of Kellogg North America. Bryant will retain his role as CFO while serving as president.

Meanwhile, company officials said that the former president of Kellogg North America, Jeffrey Montie, has switched roles with Bryant to become president of Kellogg International.

Bryant, 41, served a two-year stint as CFO for Kellogg’s from 2002 to 2004 and was then renamed to the position in 2006. He also served a number of leadership positions at the North American and International divisions of the company since he signed on in 1998. Last year, Bryant’s salary was $561,000, and he exercised $1.56 million worth of options.

“These organizational moves will further broaden John and Jeff’s considerable experience and reflect our Company’s continued commitment to deliver sustainable rates of growth,” said Kellogg chief executive David Mackay, in a statement. Currently, Kellogg generates $11 billion in annual revenues, and year-over-year quarterly revenue growth is reported at 8.7 percent.

Kellogg plans to announce its second quarter results on Thursday. The company recently reported that it would cut 300 jobs within its distribution operation.

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