For Immediate Release 15 May 2008
Cadbury plc Announces Board Changes and Strong First Half Trading
Cadbury plc (“Cadbury”) yesterday held its first Board meeting following the demerger of Americas Beverages
and today announces the appointment of Guy Elliott, currently Chairman of Cadbury’s Audit Committee, as
senior independent director when Roger Carr becomes Chairman on 21 July. The Board also announces that
Bob Stack, executive director and Chief Human Resources Officer, intends to retire at the end of the year and
leave the Board at that time. The Board has commenced a search for the appointment of two new non-executive
directors, one of whom will be appointed Chairman of the Audit Committee.
Sir John Sunderland, speaking after his last Board meeting, said: “Following the demerger, I am very pleased to
confirm that the new company is off to a strong start with revenues in the first half expected to be above the top
end of our goal range and trading margins around 150 basis points ahead. This performance reflects the
combination of increased marketing investment, higher pricing and successful early execution of our cost
reduction initiatives.
“I’m delighted to be leaving the company in such good hands, with Roger Carr taking over as Chairman and Guy
Elliott taking on the role of our senior independent director. I wish Todd, the executive team and employees
continued success and good fortune in the future.”
Ends
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